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UQM Technologies announces new China and Europe growth of fuel cell compressor business

UQM Technologies announced recent orders from five new customers in China and two new customers in Europe for UQM fuel cell compressor systems for fuel cell development programs.

The UQM fuel cell compressor system includes the UQM power dense permanent magnet motor and controller, and the EATON compressor technology. This compressor system features a large efficiency window, high reliability, and low total cost of ownership.

China is at the beginning of developing fuel cell vehicles and fueling infrastructure, and by 2020 plans to have 10,000 fuel cell vehicles on the road with the infrastructure to support the growth.

The China fuel cell market is growing very quickly, and UQM is very well positioned with our proven fuel cell compressor technology to capitalize on this growth. This product line has become a key part of our overall strategy, and obtaining this many new customers in both China and Europe positions us very well to participate in this growth.

—UQM CEO Joseph Mitchell

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