UQM Technologies, Inc. (NYSE MKT: UQM) today announced that it has reached a significant milestone with the official registration for the ISO/TS 16949:2009 Quality Standard. This registration is considered the highest level of quality standards for the automotive industry and encompasses UQM’s entire operation including the design, manufacturing and service of the company’s distinctive product offerings.
”After a rigorous, year-long process, attaining the ISO/TS 16949 registration is a significant achievement and a critical step in our progression in the industry to position UQM as a world class supplier of electric drive components and systems,” said Eric Ridenour, UQM Technologies President and Chief Executive Officer. “With this announcement, we have not only validated the quality of our operation, but also demonstrated our commitment to meeting the demands and expectations of existing and potential customers of all size and volume.”
UQM Technologies now offers customers the assurance of an accredited quality management system in addition to highly-efficient, power-dense electric motors and controllers, as well as volume production capacity.
UQM Technologies is a developer and manufacturer of power-dense, high-efficiency electric motors, generators and power electronic controllers for the automotive, commercial truck, bus, marine and military 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 located in Longmont, Colorado.
This Release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. These statements appear in a number of places in this Release and include statements regarding our plans, beliefs or current expectations; including those plans, beliefs and expectations of our management with respect to, among other things, new product developments, future orders to be received from our customers, sales of products from inventory, future financial results, liquidity and the continued growth of the electric-powered vehicle industry. Important Risk Factors that could cause actual results to differ from those contained in the forward-looking statements are contained in our annual report on Form 10-K for the fiscal year ended March 31, 2013 and our Form 10-Q filed on January 30, 2014, which is available through our website at www.uqm.com or at www.sec.gov.