UQM Receives Order From AeroVironment for Use in Fuel Cells

Published on: March 2, 2004

Source: press release


UQM Technologies, Inc. (Amex: UQM), a developer of alternative energy technologies, received an order from AeroVironment, Inc. for a 90 kW UQM(R) generator for use in a fuel cell project.


AeroVironment, headquartered in Monrovia, California, is a leading developer of fuel cell systems, renewable energy technology, unmanned aerial vehicles, and electric vehicle systems.


Commenting on the order, William G. Rankin, President and Chief Executive Officer of UQM Technologies, Inc. said, "We are pleased that AeroVironment has selected our power dense and highly efficient generator for their fuel cell test bed. As a leader in the development of efficient energy systems, unmanned aerial vehicles and electric vehicle systems for over 30 years, and the energy system development partner on the recently announced fuel cell powered Caterpillar-Elphinstone mining vehicle incorporating UQM(R) motors, AeroVironment is well versed in the performance and efficiency advantages our permanent magnet motors and generators."


UQM Technologies, Inc. is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, telecommunications, medical, military 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 under-the- hood power accessories and other vehicle auxiliaries and distributed power generation applications. The Company's headquarters, engineering and product development center and motor manufacturing operation are located in Frederick, Colorado. Its electronic products manufacturing facility is located in St. Charles, Missouri. For more information on the Company, please visit its worldwide website at www.uqm.com.


AeroVironment, Inc., headquartered in Monrovia, California, is a leading developer of efficient energy systems, unmanned aerial vehicles and electric vehicle systems. Founded in 1971 to help business and government recognize and meet their environmental and energy objectives, the Company has participated in the development of a number "industry-first" projects including the first human powered airplane, the Gossamer Condor, the first solar powered manned airplane flight from Paris to England, development of the General Motors Impact, the first modern electric car, and world record altitude breaking flights by the Pathfinder airplane and the Helios solar powered airplane. For more information on the Company, please visit its worldwide website at


http://www.aerovironment.com

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