Singapore Technologies Engineering : UQM Technologies and Kinetics Drive Solutions (Kinetics) Collaborate on Electric Drive Systems for All-Electric Commercial Vehicles
System will combine UQM PowerPhase HD® family of electric motors and controllers with Kinetics' NexDrive™ solutions
Provides proven integrated system for vehicle manufacturers
Advantages for customers are quicker speed to market, reduced development time and cost
LONGMONT, COLORADO, April 22, 2014 -UQM Technologies, Inc. (NYSE MKT: UQM)and Kinetics Drive Solutions Inc., are collaborating to offer an efficient and robust integrated electric motor and multi-speed transmission system for commercial vehicle applications that will benefit from a full systems approach. This system is engineered to provide commercial vehicle manufacturers a powerful and efficient electric drive powertrain while minimizing the development time for integration.
"As we work with multiple partners in China and other regions of the world, it has become clear that the ability to offer a complete system will be a competitive advantage. By collaborating with Kinetics we are able to offer those customers a proven powertrain system,"said Eric R. Ridenour, President and Chief Executive Officer of UQM Technologies, Inc. "The combined strengths of our systems, and our combined marketing power will expand our reach in these important markets."
Key advantages for customers will be a fully integrated and calibrated system that allows quicker speed to market and reduced development time and cost, as well as fewer engineering variables. Systems will feature the UQM PowerPhase HD ®family of electric motor and controller combined with Kinetics' NexDrive™ solutions.
The PowerPhase HD family of electric motors and controllers was developed specifically for commercial vehicle applications, and includes the HD220 ®with 700 Nm of peak torque and 220 kW of peak power, the HD950T ®featuring 950 Nm of torque and 140 kW of peak power and the HD250 ®which is a high-voltage variant with 250kW of peak power and 900 Nm of torque.
The NexDrive EV3-850 transmission is a 3-speed dual-clutch transmission that efficiently works with the electric motor to minimize torque interruption during gear shifting. It also enables the electric motor to operate at peak or near peak efficiency for superior battery performance and vehicle range. The EV3-850 has been desinged and developed by Kinetics specifically for medium and heavy duty electric vehicle applications.
About Kinetics Drive Solutions
Kinetics Drive Solutions is a multi-disciplinary engineering company providing intelligent drive systems and control solutions for mobile applications. Kinetics' engineering team has produced custom drive solutions for world-class equipment manufacturers, defense contractors and component manufacturers. For more information please visit www.KineticsDrive.com.
About UQM UQM Technologies is a developer and manufacturer of power-dense, high-efficiency electric motors, generators and power electronic controllers for the automotive, commercial truck, bus, marine and military markets. A major emphasis for UQM is developing propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles. UQM is located in Longmont, Colorado.
This 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 Release and include statements regarding our plans, beliefs or current expectations; including those plans, beliefs and expectations of our management with respect to, among other things, new product developments, future orders to be received from our customers, sales of products from inventory, future financial results, liquidity and the continued growth of the electric-powered vehicle industry. Important Risk Factors that could cause actual results to differ from those contained in the forward-looking statements are contained in our annual report on Form 10-K for the fiscal year ended March 31, 2013 and our Form 10-Q filed on January 30, 2014, which is available through our website atwww.uqm.com or at www.sec.gov.
Media contacts:
Annie Leschin
StreetSmart Investor Relations
415-775-1788
David I. Rosenthal
UQM Technologies, Inc. 303-682-4900
Singapore Technologies Engineering Ltd is a Singapore-based global technology, defense and engineering company. The Company operates through a diverse portfolio of businesses across the aerospace, smart city, defense and public security segments. The Companyâs segments include Commercial Aerospace, Urban Solutions & Satcom, and Defence & Public Security. The Commercial Aerospace includes airframe, engine and components maintenance, repair and overhaul, original equipment manufacturer for nacelles, composite floorboard and passenger-to-freighter conversions and aviation asset management. The Urban Solutions & Satcom includes smart mobility, smart utilities and infrastructure, urban environment solutions and satcom. Defence & Public Security includes public safety and security, critical information infrastructure solutions, control systems, cryptographic technology design and cybersecurity. It comprises defense business areas, such as digital systems and cyber, land systems, and more.
Singapore Technologies Engineering : UQM Technologies and Kinetics Drive Solutions (Kinetics) Collaborate on Electric Drive Systems for All-Electric Commercial Vehicles