UQM Technologies Announces First Electric Bus Customers Selected for the PowerPhase®DT Heavy-Duty Drivetrain Pilot Program

  • Key customers selected for pilot program include Hybrid Kinetic Group in Hong Kong, Wuzhoulong Motors and Yangtse Bus through ITL in China, and ADOMANI in the U.S. market.
  • Applications for early PowerPhase®DT adoption include transit buses and school buses.
  • Initial pilot program underway through fall of 2016.
  • Production systems available in early 2017.

LONGMONT, Colo.–(BUSINESS WIRE)– (NYSE MKT: UQM) – UQM Technologies (UQM) has secured global commercial customers as early adopters of its full drivetrain solution, the PowerPhase®DT. These early adopters include Hybrid Kinetic Group, Wuzhoulong Motors and ITL for a Yangtse full-size bus in China and ADOMANI in the U.S. These customers will work in close collaboration with UQM, and suppliers Pi Innovo and Eaton, to develop heavy-duty commercial and transit all-electric vehicles, enabling them to rapidly deploy vehicles to market. The PowerPhase®DT will be delivered to early adopters this fall for pilot program deployment.

The UQM drivetrain in the PowerPhase®DT provides a greater speed and torque range than direct drive systems, allowing smaller electric motors to drive large vehicles. The new system also allows for improved packaging, greater efficiency, greater payload capacity and lower cost when compared with direct drive or single-speed drivetrain strategies.

“These key customers represent strategic markets, which will increase speed to market for this drivetrain,” said Joe Mitchell, President and CEO of UQM. “After extensively vetting many interested parties, UQM has selected these partners. They have all expressed a sincere desire to work with us on the initial launch, understand the advantages of the UQM PowerPhase®DT system and provide the market potential for significant volume utilizing this product solution. This is the ideal drivetrain solution for electric and range-extended commercial vehicles.”

PowerPhase®DT uses UQM’s current PowerPhase® HD220/HD250 motor and inverter system, Eaton’s two-speed transmission and Pi Innovo’s transmission control unit, creating a fully electric drivetrain system. This allows customers in the medium- and heavy-duty EV commercial markets to achieve increased performance in areas of gradability, acceleration and efficiency. The system also addresses the need for full transmission EV systems, as enhanced performance and efficiency requirements are mandated by customer drive cycles, battery costs and stringent environmental regulations.

As battery costs rapidly decrease, heavy-duty commercial and transit markets see the economic potential of electric drive vehicles compared to large diesel engines and multispeed transmissions. Fuel savings of pure electric vehicles (21 mpg equivalent) compared with traditional diesel (4 mpg) and hybrid systems (6 mpg) is enough to quickly recover the investment in an electric drive.

About ADOMANI®

ADOMANI, Inc. is a provider of zero-emission electric and hybrid drivetrain systems for integration in new school buses and medium to heavy-duty commercial fleet vehicles, as well as re-power conversion kits for the replacement of drivetrain systems in combustion-powered vehicles. ADOMANI® is also a provider of new zero-emission electric and hybrid vehicles focused on reducing the total cost of vehicle ownership and helps fleet operators unlock the benefits of green technology and address the challenges of traditional fuel price instability and local, state and federal environmental regulatory compliance. For more information, visit www.ADOMANIelectric.com.

About UQM

UQM Technologies is a developer and manufacturer of power-dense, high-efficiency electric motors, generators, power electronic controllers and fuel cell compressors for the commercial truck, bus, automotive, marine, military and industrial markets. A major emphasis for UQM is developing propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles. UQM is TS 16949 and ISO 14001 certified and located in Longmont, Colorado. For more information, please visit www.uqm.com .

About Hybrid Kinetic Group Ltd.

Hybrid Kinetic Group Ltd. is a HKSE listed company (stock code: 01188), with its headquarters in Hong Kong and multiple subsidiary institutions throughout the world. Major businesses of HK Group that receive the most public attention include the development, manufacturing and marketing of new energy vehicles and their key components comprising energy battery, electric motor and electric control system. HK Group carries out the philosophy of our Chairman of the Board, Dr. Yeung Yung, advocating “technology leadership, phased development and combination of vehicles and financial innovation”. HK Group aims to bring revolutionary changes to the automotive industry and its marketing mode.

About Shenzhen Wuzhoulong Motors Co., Ltd.

Shenzhen Wuzhoulong Motors Group is a high-tech enterprise specializing in the manufacturing and exporting of different series buses and coaches, especially environment-friendly buses. With its headquarters in Shenzhen, Wuzhoulong has 3 branches, respectively in Chongqing, Shenyang and Guangdong Jieyang, totally covering 1.1 million square meters, employing 5,000 employees and enjoying an annual production capacity of 30,000 units. Characterized with Wuzhoulong new energy buses as its main products, Wuzhoulong has developed more than 150 varieties of products covering all bus fields, such as hybrid buses, pure electric buses, new energy buses, diesel buses and coaches. Its sales not only covers 20 provinces and cities in China, including Hong Kong, Macau, but also overseas districts and markets, such as America, Latin America, the Middle-east, and Africa, numbering over 40 countries.

Cautionary Statement Regarding Forward-Looking Statements

Statements made in this press release that relate to future plans, events, financial results, prospects or performance are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. While they are based on the current expectations and beliefs of management, such forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from the expectations expressed in this press release, including the risks and uncertainties disclosed in ADOMANI’s reports filed with the Securities and Exchange Commission, all of which are available online at www.sec.gov. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words “planned,” “expects,” “believes,” “strategy,” “opportunity,” “anticipates,” “outlook,” “designed,” and similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, ADOMANI® undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances or unanticipated events.

For more information regarding this release, contact Investor Relations

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