UQM cranks up manufacturing volume

LONGMONT – UQM Technologies Inc. (NYSE Amex: UQM) has begun high-volume production of its PowerPhase Pro electric motors and controllers.

The company’s production plant located east of Longmont has a capacity of 40,000 units on two shifts.

“The launch of volume production of our electric motors and controllers marks a new milestone in the history of UQM Technologies and is a significant step in the broad commercialization of our electric propulsion systems,´ said Eric Ridenour, UQM’s president and chief executive.

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Ridenour said that moving into the high-volume production phase is a boost to UQM many ways, including generating a substantial increase in revenue and by validating that UQM can deliver volume product with the performance and durability that automakers expect.

UQM Technologies is a developer and manufacturer of electric motors, generators and power electronic controllers for the automotive, aerospace, military and industrial markets.