Unique Mobility Named One of Colorado's Fastest Growing Technology Companies in Deloitte & Touche 'Fast 50' Program
9 October 2000
Unique Mobility Named One of Colorado's Fastest Growing Technology Companies in Deloitte & Touche 'Fast 50' Program
GOLDEN, Colo., Oct. 9 Unique Mobility, Inc. (Amex: UQM), a
developer of alternative energy technologies, has been named to Deloitte &
Touche's prestigious "Fast 50" Program for Colorado, a ranking of the
50 fastest growing technology companies in the state. Rankings are based on
the percentage of growth in revenues from 1995-1999 (five-year period).
Unique Mobility Chairman, President and Chief Executive Officer, William
G. Rankin, credited Unique Mobility's portfolio of state-of-the-art
alternative energy technologies and growth of its manufacturing operations for
the Company's 234 percent revenue growth over the past five years. "Unique
Mobility is recognized worldwide as a leading developer of power dense and
efficient motors, generators and control systems for the emerging hybrid
electric and fuel cell electric vehicle and distributed power markets,"
Mr. Rankin said. "With our subsidiary companies producing a complementary
line of electronic and power system products, Unique Mobility is
well-positioned for further near-and long-term growth," Mr. Rankin added.
"In today's fast-paced world of technology, where multi-million dollar
technology companies seem to appear overnight, it's an honor to be named one
of the fastest growing technology companies," said Deloitte & Touche's Steve
Berthe, Partner -- Denver, Colorado. "We commend Unique Mobility for making
the commitment to technology and delivering the promise of market longevity."
Unique Mobility's increase in revenues of 234 percent over the five-year
period of 1995 to 1999 resulted in being ranked 36th overall in the Fast 50
for Colorado.
To qualify for the Fast 50, companies must have had operating revenues of
at least $50,000 in 1995 and $1,000,000 in 1999, must be public or private
companies headquartered in Colorado; and be "technology companies" defined as
companies that produce technology, manufacture a technology product, or
devotes a high percentage of effort to research and development of technology.
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 developing products for the alternative
energy technologies sector including electric, hybrid electric and fuel cell
electric vehicle and distributed power markets. The Company's headquarters and
engineering and product development center are located in Golden, Colorado.
Manufacturing facilities are 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.
Deloitte & Touche, one of the nation's leading professional services
firms, provides assurance and advisory, tax, and management consulting
services through 30,000 people in more than 100 U.S. cities. The firm is
dedicated to helping our clients and our people excel. The firm's Technology
& Communications Group is comprised of service professionals throughout the
world who have a wealth of experience in serving technology and communications
companies in areas such as Internet, software, computers, telecommunications
and networking, semiconductor and related industries. Deloitte & Touche is
part of Deloitte Touche Tohmatsu, one of the world's leading professional
services firms, with more than 90,000 people in over 130 countries. For more
information on Deloitte & Touche, please visit their web site at
http://www.us.deloitte.com. For more information on the Deloitte & Touche
Fast 50 or Fast 500 programs, visit http://www.fast500.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 be 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.