UQM Techologies, (Amex: UQM), a developer of alternative energy technologies, has been named to the Russell Microcap(TM) Index. The Russell Microcap(TM) Index measures performance of the microcap segment and includes the smallest 1,000 companies in the small-cap Russell 2000(TM) Index plus the next 1,000 smaller companies. Russell indices are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. Investment managers who oversee these funds purchase shares of member stocks according to the company’s weighting in the particular index.
“We are pleased to have been added to the Russell Microcap(TM) Index which we believe will raise the visibility of our company in the investor community”, said William G. Rankin, President and Chief Executive Officer of UQM Technologies, Inc.
UQM Technologies, Inc. is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, medical, military and industrial markets. A major emphasis of the Company is developing products for the alternative energy technologies sector including propulsion 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.
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