ChangAn Fires Up Hydrogen ICE
Toyota and Matsushita Deepen Ties Over Hybrid Batteries

UQM Receives Follow-On Contract for Wheel-Mounted Motor

UQM Technologies has received a follow-on contract from the US Army’s Tank - Automotive and Armaments Command (TACOM) to continue the development of an advanced vehicle propulsion motor for application as a wheel-mounted electric propulsion system.

The ten-month development effort will focus on refinements to the assembly process and design improvements to the proprietary permanent magnet electric concept motor that has demonstrated the potential to triple the torque capability of existing UQM propulsion motors.  Army funding for the cost-share project is $244,608 or 77% of the total effort.

Separately, UQM announced that it completed a private placement of 1,250,000 shares of its common stock to Heartland Advisors on behalf of two of its advisory clients, Heartland Value Fund and Turn of the Tide, a Wisconsin Limited Partnership. Net cash proceeds from the transaction were approximately $5.2 million.



sweet, can't wait till these things make their way into consumer vehicles.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)