Real Estate & Construction  December 15, 2009

UQM acquires Longmont factory

FREDERICK – UQM Technologies Inc. (NYSE Amex: UQM) announced Tuesday that it has acquired a 129,304-square-foot facility on a 30-acre site in Longmont to support expected growth in its manufacturing operations.

The facility includes 30,000 square feet of office space to house UQM’s engineering, vehicle integration and headquarters staff in addition to the company’s high-volume motor and electronic manufacturing operations. About 15 acres of the site will be available for future expansion.

Purchase price of the facility at 4120 Specialty Place was $7.585 million, with half to be funded by a stimulus grant the company has received from the U.S. Department of Energy. The company expects to sell its existing facility once its relocation to the new location is completed.

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“This larger facility is ideally suited for the planned expansion of our high-volume manufacturing components in support of Coda Automotive’s all-electric passenger vehicle program and future growth arising from the expected launch of additional production programs,´ said William Rankin, UQM president and CEO. “The proximity of the new facility to our existing 28,000-square-foot facility — just one mile north — will allow for a relatively efficient and low-cost relocation of our existing operating groups over the next several months.”

UQM stock closed at $4.82 per share, down 13 cents from Tuesday’s opening.

FREDERICK – UQM Technologies Inc. (NYSE Amex: UQM) announced Tuesday that it has acquired a 129,304-square-foot facility on a 30-acre site in Longmont to support expected growth in its manufacturing operations.

The facility includes 30,000 square feet of office space to house UQM’s engineering, vehicle integration and headquarters staff in addition to the company’s high-volume motor and electronic manufacturing operations. About 15 acres of the site will be available for future expansion.

Purchase price of the facility at 4120 Specialty Place was $7.585 million, with half to be funded by a stimulus grant the company has received from the U.S. Department of…

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