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UQM Technologies Broadens European Customer Base, Powering First All-Electric Mini Bus in Hungary


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LONGMONT, CO -- July 30, 2014: UQM Technologies Inc. (NYSE MKT: UQM) continues to increase and broaden its global customer base. UQM PowerPhase® electric motor and controller systems are being used to power an all-electric mini bus built by Inter Tan-ker Ltd. in Hungary. This is the first all-electric mini bus to be approved for use by the Hungarian National Transport Authority.

“It’s rewarding and exciting to be part of new vehicle segments in emerging markets, and we’re proud to work with Inter Tan-ker on their vehicle test program”

“It’s rewarding and exciting to be part of new vehicle segments in emerging markets, and we’re proud to work with Inter Tan-ker on their vehicle test program,” said Eric R. Ridenour, President and Chief Executive Officer of UQM Technologies, Inc. “Our diverse line of electric motors and controllers, as well as our experience in markets around the world, make our systems attractive to global vehicle manufactures.”

The Inter Tan-ker mini bus leverages the high efficiency of the UQM PowerPhase electric motor and controller to help achieve the company’s reported range of nearly 300 kilometers (185 miles). The vehicle is equipped with the PowerPhase HD® Select 150. UQM has developed and launched several additional new products over the past 12 months dedicated to the commercial vehicle market. These heavy-duty offerings include the PowerPhase HD 220 which is now used in many heavy-duty platforms, the PowerPhase HD 950T system for applications that require increased torque, and the new PowerPhase HD 250 variant that provides solutions for customers that have higher voltage and power requirements.