The development of the all electric Chevrolet Silverado pickup truck was funded by the U.S Air Force in cooperation with Robins Air Force Base and the Advanced Power Technology Office of the 542nd Combat Sustainment Wing and is powered by a UQM(R) 120 kilowatt propulsion system and a lithium ion battery pack from Valence Technology, Inc. The UQM(R) propulsion motor delivers 650 newton meters of torque and has a peak energy efficiency of 96 percent.
The Electric Drive Transportation Association (EDTA) is the preeminent industry association dedicated to advancing electric drive as a core technology on the road to sustainable mobility. EDTA's primary function is to increase the profile for electric drive among policy makers and opinion leaders and foster greater collaboration between industry and government. The annual conference brings together experts in electric and hybrid electric vehicles from around the world.
UQM Technologies, Inc. is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, medical, military and industrial markets. A major emphasis of the Company is developing products for the alternative energy technologies sector including propulsion systems for electric, hybrid electric and fuel cell electric vehicles, under-the-hood power accessories and other vehicle auxiliaries and distributed power generation applications. The Company's headquarters, engineering and product development center, and motor manufacturing operation are located in Frederick, Colorado. For more information on the Company, please visit its worldwide website at www.uqm.com .
This press release contains statements that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. These statements appear in a number of places in this press release and include statements regarding our plans, beliefs or current expectations, including those plans, beliefs and expectations of our officers and directors with respect to, among other things the development of markets for our products. Important Risk Factors that could cause actual results to differ from those contained in the forward-looking statements are contained in our Form 10-Q filed October 31, 2006 which is available through our website at www.uqm.com or at www.sec.gov .
Source: UQM Technologies, Inc.