Unique Mobility Introduces Controller Area Network Option
15 February 2000
Unique Mobility Introduces Controller Area Network Option On Its Product LineGOLDEN, Colo., Feb. 14 -- Unique Mobility, Inc. (Amex: UQM) announced today that it is now offering a Controller Area Network ("CAN") option on its product line of motors and motor controllers. Vehicles contain an increasing number of on-board intelligent electronic and electronically actuated components such as power windows, locks, seats, brakes, seat heaters, music and phone systems and global positioning devices. Advanced vehicles are adding to the list electric, hybrid electric and fuel cell electric propulsion systems as well as electric power steering and electric air conditioning. The variety and complexity of these devices has led the automotive industry to develop a standard protocol for communication to and between these components, i.e. CAN. All electronic component suppliers are developing their future products to be CAN compatible. CAN is a cost effective two-wire serial communication system for real-time control applications which can replace expensive, heavy and cumbersome wiring looms. Unique has developed a proprietary, Java-based software tool set to aid in the development and analysis of CAN based components. These tools allow the graphical visualization of the content of messages (i.e. speed, torque, power) sent to and between these components. In addition, Unique systems, when connected to a computer network, can be controlled, monitored and updated over the Internet. The car, truck, bus, and off-highway industries, plus the military, intend to use CAN for an increasing number of applications. "The car is becoming a network on wheels," said William G. Rankin, Unique's President and CEO. "We are at the leading edge of software control and networking technology and are increasing the value and utility of our power dense and efficient motor/controller products by making them network compatible. By adopting the CAN standard, our digitally controlled traction drives, generators, fuel cell and air conditioning compressor motors and other auxiliary power systems can be easily integrated by our customers and improve the reliability and reduce the cost of their end products." Unique Mobility, Inc. is a leading developer and manufacturer of power dense, high efficiency motors, gear assemblies and electronic assemblies for the automotive, aerospace, telecommunications, medical and industrial markets. A major emphasis of the Company is in applying its systems to the emerging hybrid-electric and fuel cell electric vehicle market. The Company's headquarters and engineering and product development center are located in Golden, Colorado. Manufacturing facilities are located in Frederick, Colorado (electric motors and gear assemblies) and St. Charles Missouri (electronic assemblies and wire harnesses). For more information on the Company, please visit its worldwide website at http://www.uqm.com. This press release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the Risk Factors section of the Registration Statement on Form S-3 (File No. 333-78525) filed by the Company with the SEC, which identifies important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including the Company's ability to become profitable and its ability to obtain additional financing, the Company's reliance on major customers and suppliers. These forward-looking statements represent the Company's judgment as of the date of the press release. The Company disclaims, however, any intent or obligation to update these forward-looking statements.