UQM TECHNOLOGIES, INC. (Amex: UQM), a developer of alternative energy technologies, has received a $1.9 million production order for an electronic auxiliary product for hybrid electric vehicles. Deliveries under the order are currently scheduled to begin in the fall of 2006 and continue through December 2007.
“This order represents an important milestone in the commercialization of our products in the emerging market for hybrid electric vehicles,” said William G. Rankin, President and CEO of UQM Technologies, Inc. “We believe that having a fully production engineered and automotive qualified electronic product in volume production will open up additional UQM product opportunities this fiscal year. This order, together with other recently announced commercial market orders, including 30,000 vehicle auxiliary motors, represents a total of over $4 million in volume production backlog.”
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