Unique Mobility, Inc. Announces Appointment of Carl L. Schlemmer to Head its Franklin Manufacturing Unit
9 November 2000
Unique Mobility, Inc. Announces Appointment of Carl L. Schlemmer to Head its Franklin Manufacturing Unit
GOLDEN, Colo., Nov. 9 Unique Mobility, Inc. (Amex: UQM), a
developer of alternative energy technologies, announced today that it has
appointed Carl L. Schlemmer as General Manager of its Franklin Manufacturing
unit. Mr. Schlemmer will succeed William C. Moffitt who was named interim
General Manager in July. Mr. Moffitt will continue as a consultant to the
Company.
Mr. Schlemmer has more than 20 years experience as a senior manager of
various electronics manufacturing operations including, most recently, as
General Manager of TRW Lucas Varity Automotive Control Systems, a manufacturer
of sensors for Original Equipment Manufacturers and automotive applications.
Prior to that, Mr. Schlemmer was Vice-President of Operations for Trident
International, a manufacturer of industrial ink-jet subsystems for Original
Equipment Manufacturers worldwide and Vice President of Operations for Schott
Electronics, a division of Schott Glaswerke of Mainz, Germany, a manufacturer
of electronic products for the computer, medical and defense industries.
William G. Rankin, Unique's President and Chief Executive Officer, said,
"We are extremely pleased that Carl Schlemmer has joined our team to lead
Franklin Manufacturing during this period of rapid growth in our electronic
manufacturing business. Carl's management experience in a variety of
electronics manufacturing operations over the last 20 years well qualify him
to direct our continuing expansion and to broaden our capability. Bill
Moffitt has done an exceptional job as interim General Manager, leading
Franklin Manufacturing to its highest revenue month ever, in October, and we
are pleased that Bill has agreed to continue with the Company as a consultant
to help us exploit a variety of manufacturing opportunities."
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.