UQM Technologies Receives Initial Purchase Order

UQM Technologies today announced it has received its first fuel cell compressor module purchase order from Ballard Power Systems, a global leader in PEM (proton exchange membrane) fuel cell technology. These compressor modules are an integral component of hydrogen powered fuel cell vehicles.

 The UQM R410 fuel cell compressor system is designed for medium duty automotive and commercial bus applications for up to 150kW fuel cell stacks. The purchase order calls for shipments of product to Ballard over the next four months and will generate revenue in excess of $600K. UQM also expects follow on orders from Ballard.

“We are excited to be working directly with Ballard on their fuel cell bus programs,” said Eric R. Ridenour, President and Chief Executive Officer of UQM Technologies, Inc. “Our expansion directly into the fuel cell compressor business is already paying off for UQM and we believe that the advantages our system offers will allow further growth with Ballard and additional customers.”

Paul Cass, Ballard’s Chief Operations Officer added, “We were very pleased to have UQM as our new supplier of these key components for our fuel cell bus programs. UQM is well known in the industry for their high quality and technologically advanced electric motors and controllers and we look forward to working with the UQM team on a variety of fuel cell products.”

Source: UQM Technologies, Inc.
Date: Mar 3, 2015