UQM Ships Initial Order for Electric Drive Systems to ITL Efficiency Corp.

UQM has made the initial shipment of its PowerPhase Pro 135 electric drive systems to ITL for testing and certification in the OEM's shuttle buses.

February 2, 2016

UQM Technologies Inc.

UQM Technologies Inc. announces that is has shipped the initial order to its Chinese customer ITL Efficiency Corporation (ITL), a subsidiary of Eastlake New Energy (Eastlake). The initial PowerPhase Pro 135 electric drive systems are for the test and certification program, currently on schedule for 2016, under the recently announced 10-year supply agreement with ITL. UQM expects to manufacture its electric propulsion systems for ITL in Colorado through 2017 with plans to produce product in China thereafter. Initially, the PowerPhase Pro 135 electric propulsion system will be sold to address the 6-8 m shuttle bus market in China, with larger delivery truck and transit bus applications slated to begin in early 2017 with the PowerPhase HD 250 system.

“This initial shipment is an important first step in executing the terms of the supply agreement we signed with ITL last October,” says Joe Mitchell, President and CEO of UQM Technologies. “We expect that the integration, and test and certification programs for ITL will be completed in 2016, and I am pleased that everything so far appears to be on schedule.”

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