UQM Technologies, Inc. develops and manufactures electric motors, generators, and power electronic controllers for automotive, commercial truck, bus, marine, and military markets. The company primarily focuses on incorporating its technology into products for clean vehicles, including propulsion systems for electric, hybrid electric, plug-in hybrid electric, and fuel cell electric vehicles. The company makes propulsion system products, generators and related auxiliary components for all-electric vehicles (EV), hybrid-electric vehicles (HEV), plug-in hybrid electric vehicles (PHEV), and fuel cell all-electric vehicles (FCEV). It markets products in various segments of the transportation sector, including passenger vehicles and light trucks, commercial trucks and buses, off-road vehicles, including agricultural and construction equipment, boats, and military vehicles. The company’s principal products include propulsion motors and generators with power ratings from 25 kilowatts to 220 kilowatts, auxiliary motors and electronic controls, and DC-to-DC converters. Markets Passenger Automobiles and Light Trucks The company supplies UQM electric propulsion systems to Audi for their test fleet of A-1 e-tron all-electric passenger cars, which are under test in locations across Europe. In addition to these programs, the company supplies its electric propulsion systems and generators to other international automakers and entrepreneurial automobile developers as part of their HEV, PHEV, EV, and FCEV vehicle development programs. Trucks, Buses, and Recreational Vehicles The company also supplies electric propulsion systems to Proterra, Inc., a developer and manufacturer of all-electric composite transit buses; and Boulder EV, a developer and manufacturer of all-electric delivery trucks and work utility vehicles under multi-year supply agreements. It also supplies electric propulsion systems to Electric Vehicles International, a developer and manufacturer of all-electric medium-duty delivery trucks; and Hino Bus, a subsidiary of Toyota Motor Corporation, for their all-electric city bus featuring its Poncho low floor bus platform. The company is supplying an automotive qualified DC-to-DC converter to Eaton Corporation which is used onboard medium and heavy-duty hybrid trucks sold by Freightliner, International and Paccar; and it offers for sale a DC-to-AC inverter to meet the growing onboard and export power requirements of hybrid trucks. Off-Road Vehicles The company has also developed electric power products for the aircraft and aerospace market and the boat and marine market. In the boat market, the company has developed generators for onboard power production in hybrid-electric boats, as well as electric propulsion systems. Regen Nautics has three UQM based outboard motors, the E100, E180, and E300 along with various combinations of full electric and hybrid inboard combinations utilizing both the PowerPhase Pro and PowerPhase HD propulsion systems. Military Vehicles The company has been working with various military contractors and vehicle makers, including DRS Technologies, AM General, BAE Systems, Boeing, General Dynamics, and others, on prototype hybrid electric vehicles, high export power generators, electric auxiliaries, and DC-to-DC converters. Product Development Activities The company is developing product variants of the PowerPhase HD electric propulsion system for the medium-duty commercial truck and bus markets. It is also working on the next generation of PowerPhase Pro products. The company is also pursuing an advanced motor technology that eliminates rare-earth elements. Marketing Channels and Sales The company has various sales channels where the markets differ based on the complexity of the product. These channels consist of direct sales to original equipment manufacturers; tier 1 channels; and vehicle integrators. Conferences and symposiums also provide marketing channels for additional product offerings. Customers The company's major customers include Electric Vehicles International; Meggitt (Addison), Inc.; and Audi. It also has contracts with agencies of the U.S. Government and subcontracts with U.S. Government prime contractors. Trademarks The company has registered the letters ‘UQM’ in the U.S. Patent and Trademark Office. Counterpart applications have been filed in various countries throughout the world, majority of which have granted registrations or indicated them to be allowable. The company owns three U.S. Trademark Registrations for ‘UQM’ (International Class 7 for power transducers, Class 12 for utility land vehicles, and Class 16 for publications). The company has also registered the trademark ‘POWERPHASE’ which it uses in conjunction with certain of its propulsion systems. The trademark is registered in the European Community and other foreign countries. Competition The company’s competitors include Toyota, Honda, General Motors, Hitachi, Toshiba, Siemens, Delphi, Danaher, Enova, Continental, Magna, Remy, and Bosch. Significant Events In April 2014, UQM Technologies Inc. and Kinetics Drive Solutions Inc. are collaborating to offer an integrated electric motor and multi-speed transmission system for commercial vehicle applications that would benefit from a full system approach. In April 2014, UQM Technologies Inc. announced that it is collaborating with Kinetics Drive Solutions Inc, to offer an integrated electric motor and multi-speed transmission system for commercial vehicle applications that will benefit from a full system approach. History UQM Technologies, Inc. was founded in 1967. The company was incorporated in 1967 as a Colorado corporation.
uqm technologies inc (UQM:NYSE Amex)
4120 Specialty Place
Longmont, CO 80504
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