Commenting on the delivery, William G. Rankin, UQM Technologies' President and Chief Executive Officer said, "We are pleased that our electric motor/generator system was selected for this class 8 hybrid truck development program. Expanding the application of our electric propulsion systems to long-haul class 8 trucks presents us with an exciting opportunity to further demonstrate improved fuel efficiency in this large and highly visible market segment." 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. |