Unique Mobility's High Efficiency Electric Motor/Generator Powers GM Test Car to Near 80 Miles Per Gallon
25 October 2000
Unique Mobility's High Efficiency Electric Motor/Generator Powers GM Test Car to Near 80 Miles Per GallonGOLDEN, Colo., Oct. 25 Unique Mobility, Inc. (Amex: UQM), a developer of alternative energy technologies, announced today that General Motors Corp.'s Precept high-mileage prototype car, incorporating Unique's electric motor/generator, has achieved fuel economy of nearly 80 miles per gallon of gasoline in tests -- meeting a goal set by automakers and the Federal government in 1994. GM unveiled the Precept in January and said then it would achieve about 90 miles per gallon on diesel fuel, or 80 mpg on gasoline. In a GM announcement made on Friday, October 20, 2000, Jeff Kuhlman, GM's Director of Public Relations said, "The Precept is the first vehicle developed under the Partnership for a New Generation of Vehicles to hit the goal." The program was aimed at designing a midsize, five-passenger car that gets 80 mpg. According to GM, testing similar to what the Environmental Protection Agency uses to measure vehicle fuel economy has proved the Precept would get 90.9 mpg of gas on the highway and 72.2 mpg in the city for a combined fuel economy of 79.6 mpg. The GM announcement was hailed by President Clinton, who said the advancements in the Precept would lead to less pollution and less dependence on foreign oil. "Today's announcement is further evidence that the investments in clean energy technologies we have made over the last eight years are paying off," he said in a statement. William G. Rankin, President and Chief Executive Officer of Unique Mobility, stated: "We are very proud to be part of this significant accomplishment by the GM team. Our compact and efficient 'multipurpose unit' was developed as an integral part of the Precept's propulsion system and is a key contributor enabling GM to achieve its 80 mpg fuel efficiency goal." Unique Mobility's electric motor is part of the rear drive system of the car, operating as an input to the transmission along with the engine. The 15 kW/20 hp high torque (150 N-m/110 lbf-ft) motor performs many critical functions within the vehicle, including: -- Engine starting; -- Engine power assist/boost; -- Regenerative braking to capture vehicle braking energy; -- Battery charging using engine power; and -- Part-time driving of the vehicle accessories. The electric motor operates at engine speeds, requiring no additional gearing, and is impressively compact with a total length of only 10 cm (3.9 in). A short overall length is an enabling attribute within parallel hybrid drivetrains, where the engine, transmission and electric motor are all "in-line." Unique accomplished this short length by employing high pole-count technology, which also minimizes copper and magnet material content. High efficiency is another critical attribute of this design since efficiency directly impacts vehicle fuel economy and operating temperatures. 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 power systems for electric, hybrid electric and fuel cell electric vehicles, 42 volt vehicle auxiliaries and distributed power applications. 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 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.