|Traded as||AMEX: UQM|
Russell Microcap Index component
UQM Technologies Inc is an American manufacturer of electrical motors, generators, motor controllers, fuel cell compressor systems and hybrid systems for passenger and commercial vehicles. Established in 1967 as Unique Mobility Inc, UQM is based in Longmont, Colorado. UQM's products are sold direct to original equipment manufacturers (OEM). In 2010, UQM received a visit from vice-president Joe Biden to promote the $45million of Stimulus Act money the company received.
The company was involved in the late 1970s Unique Mobility Electrek vehicle, a 2-door 2+2 seater made of fibreglass-reinforced plastic and powered by 16 six-volt batteries. The Elecktrek featured regenerative braking, and could reach a claimed maximum speed of 75 mph and an urban driving range of 75 miles.
UQM is providing PowerPhase propulsion systems for Zenith Motors shuttles, RegenNautics marine applications, Hino Motors electric city buses and Proterra electric composite buses, among others and has been used by several concept cars such as the Audi A1 e-tron and Rolls-Royce 102EX Electric Phantom. The PowerPhase Pro system entered production in October 2011.
Given its contribution to the application of hybrid electric propulsion to small military boats, UQM received a $70,000 Phase I contract which was awarded by the Office of Naval Research from the U.S. Navy, in 2003.
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- "Boeing Flies First Fuel-Cell-Powered Manned Aircraft". Sustainable Business. 16 April 2008. Retrieved 11 September 2012.
- "CUQM Technologies Receives Award From the U.S. Navy".