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UQM Technologies Orders for EV and HEV Propulsion Systems Doubled in First Quarter
10 July 2008
UQM Technologies received US$2.62 million in orders for hybrid and electric vehicle propulsion systems during the fiscal first quarter. These orders are more than double the comparable orders received during the first quarter last fiscal year and exceed the sales value of like hardware for all of last fiscal year.
The orders are for propulsion motors, generators and power electronic controllers to drive both electric and hybrid electric over-the-road vehicles. Deliveries under the orders began during the fiscal first quarter ended June 30, 2008 and will continue through December 2008.
The increase in orders for this portion of our business during the first quarter exceeded our expectations and is expected to continue. These orders consist of increased system purchases by existing customers as well as from a growing number of new customers selecting our products for their electric and hybrid electric vehicle programs.
—William G. Rankin, UQM Technologies’ President and CEO
July 10, 2008 in Brief | Permalink | Comments (2) | TrackBack (0)
Comments
Posted by: sjc | July 10, 2008 at 08:06 AM
Same here. I was quoted $10,000 ea for their new 25kw gen head. It's very compact at 7" x 7.5" diameter - 49lb.
Posted by: Jeff | July 10, 2008 at 10:47 AM
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I would hope that their price for motors to the OEM are WELL below the $20,000 each price that I was quoted.