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UQM Technologies, Inc. (UQM)

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Last Post: 10/14/2019 4:50:44 PM - Followers: 30 - Board type: Free - Posts Today: 0

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UQM Technologies wants to be the engine that propels the EV industry forward

UQM Technologies, Inc. develops and manufactures energy-efficient, power-dense, electric motors, generators and power electronic controllers. UQM's primary focus is incorporating its technology into products aimed at existing commercial markets for electrically propelled vehicles, such as wheelchairs, golf carts, industrial utility vehicles, propulsion systems for clean electric, hybrid electric and fuel cell electric on-road and off-road vehicles and vehicle auxiliaries. Through January 22, 2004, the Company operated its business in three segments: technology, mechanical products and electronic products. On May 18, 2004, UQM completed the sale of the assets of its contract electronics manufacturing business. UQM's revenue from continuing operations is derived from two principal sources: funded contract research and development services performed for strategic partners, customers and the United States government, and the manufacture and sale of products engineered by the Company.




Shareholder Presentation

IR Contact


(646) 438-9385

UQM Investor Relations
4120 Specialty Place
Longmont, Colorado 80504


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Most recent Financials

September 4, 2018
Dear Shareholders,

We continue on our successful growth path into the current year bringing on major new customers and applications, positioning ourselves as a major global supplier of electric drive systems in this exciting and growing vehicle electrification market.
In the past several months, our plant has never been busier as we are beginning to demonstrate our growth through the execution of previously announced orders to many of our new and existing customers. Key deliverables have included: shipping samples of the Eaxle hardware and continuing the development work with Meritor; shipments of fuel cell compressors to a number of new customers; shipment of the first PowerPhase®DT systems to Ashok Leyland in India; bringing on a new PowerPhaseDT customer in Taiwan; shipment of the first production systems to Keshi in China for their mining application; shipping the first deliveries to G4U and Lightning Systems; and continuing to work very closely with Sinotruk on the commissioning of a number of vehicles in China utilizing our drives.

With the vast majority of the New Energy Vehicle market being in Asia but growing globally, it is important to remind you that CNHTC is, and continues to be, our largest shareholder, holding 9.9% of UQM stock.  Even with the CFIUS setback on completing the second tranche investment, CNHTC remains committed to UQM and our joint goals of bringing our powertrain technology to China and supporting their electrification strategy.  CNHTC through Sinotruk has procured a number of both PowerPhaseHD and PowerPhasePro systems from us and is in the process of commissioning these systems with Sinotruk supplied transmissions on a number of vehicles.  Work on the JV continues, and we are looking at alternative financial structures to fund the JV, but we are committed to be manufacturing in China in 2019. We continue to work very closely with CNHTC and their staff at all levels and CNHTC remains committed to our joint goals of establishing our presence in China and jointly manufacturing our electric propulsion systems for the China market.

Another significant area of growth and success over the past year has been our fuel cell compressor business, especially in China. We brought on a number of new customers around the globe with the majority of the volume coming from China.   Our major Chinese OEM continues to order systems from us for their production program, and for all of the new customers we are selling samples to, each and every one of them have the potential to go to volume production.  China has made a major commitment to fuel cell technology and UQM is very well positioned to take full advantage of this market, and this has become a key part of our strategy. We are actively working on improved performance and cost reduced versions of this product to further expand into this market.  

Our announcement of establishing our Fuel Cell Compressor Service Center and formal formation of our China operations is a major step in supporting this market and demonstrating to our customers that we are in this for the long run and dedicated to serving their needs.  Ultimately, we need to be manufacturing in the major markets we serve. Consistent with our strategy and planning, we are building the formal organization for the China market to build the fuel cell compressor systems locally in China.

In summary, we are very pleased with the progress we are making and the trajectory we are on.   The quality of global customers choosing us to be their supplier of choice, such as Meritor and Ashok Leyland, who have access to the entire global market, is a major testament to the excellence of our products and people.  We remain committed to executing on our strategy and growing the business through offering the highest quality and most cost effective electric drive solutions in the market today, and continuing to improve our technology to stay ahead of this very exciting and expanding market. 

We greatly appreciate your support over the past year and look forward to a very bright future.
Joseph R. Mitchell President and Chief Executive Officer
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#416   fwiw, the SEC has brought an administrative proceeding janice shell 10/14/19 04:50:43 PM
#415   https://www.uqm.com/English/investors/press-releases/press-release-details/2019/ Windbag1014 03/21/19 08:57:24 AM
#414   Still $1.71. Windbag1014 03/08/19 09:56:36 AM
#413   The caveat being that the deal does indeed Windbag1014 02/05/19 09:49:03 AM
#412   GAMCO/Gabelli bought over 6% of UQM. Does Windbag1014 02/05/19 09:30:00 AM
#411   http://www.altenergystocks.com/archives/2019/01/shareholders-cry-foul-as-uqm-agr Windbag1014 01/31/19 12:41:13 PM
#410   You will get paid $1.71 per share. Windbag1014 01/23/19 09:16:40 AM
#409   what will happen to our uqm shares? is chyko 01/22/19 11:19:09 PM
#408   UQM Technologies Signs Definitive Agreement to be Acquired Windbag1014 01/22/19 09:09:37 AM
#407   UQM Technologies Wins Contract from Major Fuel Cell Windbag1014 12/17/18 08:51:40 AM
#406   UQM Technologies wants to be the engine that Windbag1014 12/11/18 11:10:30 AM
#405   Got this from IR for UQM. India Windbag1014 11/15/18 12:23:17 PM
#404   AND....The one year Cup-Handle is still play. IMMC1990 11/01/18 01:05:57 PM
#403   The key words for me this last year IMMC1990 11/01/18 01:03:32 PM
#402   If things keep growing like they are now, Windbag1014 11/01/18 11:17:10 AM
#401   I regret not pulling the trigger sub $1, Porterhouse10 11/01/18 11:09:24 AM
#400   Nice indeed. Market likes it as well. Windbag1014 11/01/18 10:59:22 AM
#399   Nice Porterhouse10 11/01/18 10:57:29 AM
#398   Third Quarter Highlights Windbag1014 10/31/18 04:09:09 PM
#397   Looks like a six month cup & handle IMMC1990 09/20/18 12:17:28 PM
#396   Electric-powered planes are taking off IMMC1990 08/17/18 09:05:18 AM
#395   The bookings for this company are building. It gogoyears 06/07/18 07:20:41 AM
#394   I bought my first shares of UQM after King Bolaba 04/13/18 01:54:30 AM
#393   Been watching this one, love the chart, made Porterhouse10 03/21/18 08:18:18 AM
#392   UQM The company has already booked more business gogoyears 03/20/18 07:06:48 PM
#391   UQM This was the single most positive conference gogoyears 03/20/18 06:43:55 PM
#390   Looking forward to this Q. Bought more today. gogoyears 03/19/18 04:20:03 PM
#389   Buying 1.28 JBowsNose 02/07/18 03:49:07 PM
#388   UQM Six month chart says it all...very nice gogoyears 01/27/18 08:41:50 AM
#387   Very informative (UQM) conference call! jrstu 11/30/17 10:15:52 PM
#386   UQM Technologies Signs Joint Venture Agreement with China jrstu 11/30/17 10:12:00 PM
#385   UQM Technologies Announces Strategic Alliance with Meritor to jrstu 11/30/17 10:10:55 PM
#384   UQM Technologies Announces the Closing of First Stage jrstu 11/30/17 10:07:37 PM
#383   https://finance.yahoo.com/news/uqm-technologies-reports-strong-third-200200639.h Windbag1014 11/02/17 04:15:38 PM
#382   UQM GM will go all electric by 2023. gogoyears 10/02/17 09:48:01 PM
#381   UQM So with the second stage of the gogoyears 09/30/17 09:30:48 AM
#380   Lots of stuff in the works. I Windbag1014 09/06/17 09:29:23 AM
#379   UQM Do the DD and you will see gogoyears 09/05/17 11:03:35 PM
#378   UQM So the cash injection will offset the gogoyears 08/29/17 09:12:22 PM
#377   UQM this baby is hott!!! TheInvincibleBull 08/28/17 08:18:22 AM
#376   UQM This could have legs if they finally gogoyears 07/07/17 01:33:30 AM
#375   Stop limit took me out... looking for a cornbread 06/13/17 07:39:39 AM
#374   I hope so. I got in when splinter68 06/02/17 08:09:48 PM
#373   Can it be that UQM will top $1.00 cornbread 05/31/17 03:58:47 PM
#372   What is this worth based on your estimation carolinacoast 06/29/16 08:55:44 AM
#371   news= http://ih.advfn.com/p.php?pid=nmona&article=71841926 G2G 06/29/16 07:40:16 AM
#370   Getting close to $1 Pharaoh-1 05/13/16 11:26:51 AM
#369   Looking good....it seems that news is imminent to me... Pharaoh-1 05/13/16 10:42:27 AM
#368   All we need here is buying volume and Pharaoh-1 05/13/16 08:17:04 AM
#367   targeting a buck for now Chance 05/12/16 02:21:09 AM
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