EVLN(Hybrid Electric Lawn and Garden Tractor)
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Press Release Source: UQM Technologies, Inc.
UQM Technologies Showcases Concept Hybrid Electric Lawn and
Garden Tractor Developed for Deere & Company at Annual
Meeting of the Company's Shareholders
CEO Bill Rankin Emphasizes That Off-Highway Hybrid Electric
Applications For The Company's Propulsion System Technology
are Expected to Play a Broader Role In the Company's
Commercialization Strategy and Future Growth
Wednesday August 21, 1:45 pm ET
GOLDEN, Colo., Aug. 21 /PRNewswire-FirstCall/ -- UQM
TECHNOLOGIES, INC. Chief Executive Officer, William G.
Rankin, told shareholders today at the Company's Annual
Meeting of Shareholders that off-highway hybrid electric
applications of the Company's permanent magnet propulsion
system technology are expected to play a broader role in the
Company's commercialization strategy. Featured at the
meeting was a concept fully functional hybrid electric 300
Series lawn and garden tractor developed for Deere &
Company. The hybrid electric lawn tractor displayed at the
shareholders meeting has been equipped with independently
controlled motors in each rear wheel and a precision
steering system which provides an electric pivot steering
capability. This hybrid concept features two UQM� motors,
which are modifications of wheelchair propulsion motors
currently in volume production, and innovative motor
controller systems and software. In addition, the hybrid
electric lawn tractor consumes less fuel, has lower exhaust
emissions and feature
"This hybrid electric lawn tractor is one of several concept
products under development for Deere and Company in our
multi-year collaboration," added Mr. Rankin. "Deere and
Company is a pioneer in the development of products for the
multiple markets they serve and the hybrid electric lawn
tractor has the potential to further expand the capability
of this John Deere product line by improving vehicle
performance and fuel efficiency and providing mobile power
generation."
Mr. Rankin told shareholders that the expanding role of
hybrid electric technology in military and robotic vehicle
applications is expected to become a larger part of the
Company's future business. He cited recent contract awards
by the Company including being selected as the propulsion
systems supplier for the Unmanned Ground Combat Vehicle
being developed for the Army by Carnegie Mellon University's
National Robotics Engineering Consortium, Boeing and PEI
Electronics, a unit of Integrated Defense Technologies; and
the Gladiator Tactical Unmanned Ground Vehicle being
developed for the Office of Naval Research by Carnegie
Mellon. Mr. Rankin also noted that two hybrid electric
HMMWV's developed jointly by AM General and PEI Electronics
were recently delivered to Aberdeen Proving Ground for
performance testing and evaluation. The hybrid electric
HMMWV's are powered by two UQM� propulsion systems and one
UQM� generator. The vehicle deliveries are the culmination
of a one year effort by PEI Electronics and AM General, the
manufacturer of diesel powered HMMWV's and th
At the meeting, shareholder's elected the nominated slate of
Directors, ratified the continued appointment of KPMG LLP as
independent auditors and ratified the adoption of the 2002
Equity Incentive Plan.
UQM Technologies, Inc. is a developer and manufacturer of
power dense, high efficiency electric motors, generators and
power electronic inverters for the automotive, aerospace,
telecommunications, medical, military and industrial
markets. A major emphasis of the Company is developing
products for the alternative energy technologies sector
including power systems for electric, hybrid electric and
fuel cell electric vehicles, 42 volt under-the- hood power
accessories and other vehicle auxiliaries and distributed
power generation applications. The Company's headquarters
and engineering and product development center are located
in Golden, Colorado. Manufacturing facilities are located in
Frederick, Colorado (electric motors) and St. Charles,
Missouri (electronic assemblies and wire harnesses). For
more information on the Company, please visit its worldwide
website at www.uqm.com .
This press release contains statements that constitute
"forward-looking statements" [...] Source: UQM Technologies
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. EV List Editor & RE newswires
. (originator of the above EV ascci art)
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