UQM Technologies just announced that they have a one-year agreement with Electric Vehicles International LLC (EVI) to supply EVI with supply upgraded UQM(R) PowerPhase(R) 150kW electric propulsion systems. EVI plans to use the propulsion systems in their new all-electric medium-duty trucks and walk-in vans. The systems will be delivered between June and October of 2010.
What’s the Biden Bounce you ask? Biden as in Joe Biden. Yeah, that Biden who they let out of the basement of the White House once in awhile to let us all know he’s still alive and acting as VP. He’s got a big task ahead of him tomorrow. He’ll be speaking at the new UQM Technologies (UQM) manufacturing facility and highlight the positive impact of the American Reinvestment & Recovery Act on small businesses … Read the rest
UQM Technologies (UQM) has received an order from Quantum Fuel Tech (QTWW) for its high efficiency electric drive system to power a postal service electric vehicle which is currently in development. A successful demonstration following a one year development program could lead to widespread adoption by the postal service for its fleet of 178K .. not to mention a great revenue source for both UQM and Quantum.
“We are pleased to be selected by Quantum … Read the rest
UQM Technologies (UQM) is getting a boost from the government this morning with a $45 million cost share grant for the advancement of electric cars, lithium batteries and all the equipment needed to produce and deploy. The company will be eligible to recover half of any costs, but may be required to pay back loans used for assets greater than $5K. The company will also need to provide detailed reports about where the money is … Read the rest
UQM Technologies just announced that it has been awarded $45.1 million as a grant from the Department of Energy. The grant, awarded via the American Recovery and Reinvestment Act, is for the development and deployment of electric vehicles and includes a 50% cost-share by the company, so the total project is valued at $90.2 million. … Read the rest
With a development stage company like UQM Technologies (UQM), it’s never about quarterly earnings, it’s ALWAYS about the news. We certainly saw that a couple days ago as the stock rocketed higher on the Coda Motors news. Earnings aren’t all that important at this stage, but I’ll report them anyway. The company posted a narrower loss this quarter of .02/share vs the .04/loss posted a year ago.
“During the first quarter we continued to experience … Read the rest
UQM Technologies (UQM) has surged more than 50% in a couple days on the Coda Motors/UQM news which Alison did a great job of covering. Who says you can’t profit by reading the breaking news here! 🙂 The stock surged again late in the day today most likely on the news that Coda Motors received another round of cash and Hank Paulson as an advisor. Yeah, that Hank Paulson (former Treasury Secretary). The company … Read the rest
UQM Technologies just announced that they have signed a 10-year agreement to provide UQM® PowerPhase®100 electric propulsion systems to Coda Automotive. Under the agreement, Coda will purchase 20,000 propulsion systems in the first two years, to be used in the company’s upcoming 4-door, 5-passenger, all-electric sedan. The sedan will be released in California in the middle of next year. It has a 5 star crash rating and can travel 90 to 120 miles on a … Read the rest
UQM Technologies just announced that the company has received $2.77 million worth of orders from the US military over the past 90 days. The orders are for propulsion systems, generators and engineering activities and projects. For example, the most recent order is from the US Navy and provides UQM with $750,000 to improve the torque of electric motors and to work with the University of Texas on an advanced gearbox.
Popular Mechanics selected UQM Technologies ‘ 125 electric propulsion system to power their Eco+Muscle hybrid Dodge Challenger R/T car. The project involved modifying a normal Dodge Challenger to include 2 separate powertrains: a combustion engine for highway use and an electric propulsion system for in-town use.
So, how did UQM’s electric motor perform? According to this story on Alternative Energy News, the mechanics that worked on the project were pleasantly surprised: