Unique Mobility, Inc. Names Stephen J. Roy to Board of Directors
8 May 2000
Unique Mobility, Inc. Names Stephen J. Roy to Board of DirectorsGOLDEN, Colo., May 8 Unique Mobility, Inc. (Amex: UQM), a developer of alternative energy technologies, announced today the appointment of Stephen J. Roy to the Company's Board of Directors. The appointment of Mr. Roy increases the size of the Board to six members. Since 1989, Mr. Roy has been Managing Director - Investment Banking for A.G. Edwards & Sons, Inc., a full service brokerage and investment banking firm. As Section Head of the A.G. Edwards' Industrial Growth Group, with a focus in applied technology, electronic components and equipment, transportation and vehicle component industries, Mr. Roy's responsibilities include the coordination and implementation of all investment banking transactions within the Group, including public and private debt and equity, mergers and acquisitions, and financial advisory assignments. Prior to his current position at A.G. Edwards, Mr. Roy co-managed a regional investment banking office for Prudential Securities. William G. Rankin, Unique Mobility's President and CEO, noted that, "There are critical moments in the development of emerging companies where the addition to the Board of special talent adds a dimension that significantly advances a company's opportunities. The addition of Stephen J. Roy to our Board of Directors brings a wealth of financial and Wall Street experience, and a deep knowledge of our industry. He strengthens an already outstanding Board of Directors, and we are pleased to have him join our team." 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, its ability to obtain additional financing, the Company's reliance on major customers and suppliers and the possibility that product liability insurance may become unavailable. 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.