UQM Technologies Launches New Line of PowerPhase® HD2 Electric Motor Inverters

UQM Technologies, Inc. (NYSE American: UQM) announced today that it has unveiled its newest product launch at the Electric & Hybrid Vehicle Technology Expo held in Novi, Michigan. The company has introduced a full lineup of PowerPhase^® HD2 electric motor inverters, which complements its signature motors and software controls, to further serve its customers in the electric vehicle market. UQM is showcasing its HD2 inverters alongside its array of PowerPhase^® Pro, HD, and fuel cell compressor systems at the premier USA tradeshow going on now and through September 13^th.

UQM’s new PowerPhase^® HD2 inverter provides greater reliability and manufacturability, improved packaging, and expanded performance. The inverters’ packaging has a decrease in weight by more than half, while achieving better overall system efficiency. The PowerPhase^® HD2 is currently available in prototype form for key pilot customers and early market entry, and UQM plans to formalize production at its Longmont, Colorado, headquarters early in 2019.

"Our mission is to constantly enhance our technologies to deliver the most cost-effective, reliable, and high quality solutions for our customers,” said Joseph Mitchell, CEO of UQM Technologies. "We’re pleased to announce the evolution of our product lineup as we expand globally, and as we are now experiencing meaningful growth in the markets we serve.”

To learn more about UQM and its propulsion and fuel cell compressor systems, visit booth 736 at the Electric & Hybrid Vehicle Technology Expo in Novi, Michigan from September 11-13, 2018, or visit the company’s website at www.uqm.com.

About UQM

UQM Technologies is a developer and manufacturer of power-dense, high-efficiency electric motors, generators, power electronic controllers and fuel cell compressors for the commercial truck, bus, automotive, marine and industrial 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 IATF 16949 and ISO 14001 certified and located in Longmont, Colorado. For more information, please visit www.uqm.com.

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, gaining required certifications, new product developments, the fulfillment of current and anticipated 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 Form 10-K and Form 10-Q’s, which are available through our website at www.uqm.com or at www.sec.gov.

Source: UQM Technologies, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180911005277/en/