|[January 31, 2013]
UQM Technologies Announces Retirement of Treasurer and CFO Donald A. French
LONGMONT, Colo. --(Business Wire)--
UQM Technologies, Inc. (NYSE MKT: UQM), 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, today announced that Treasurer and
Chief Financial Officer Donald A. French, age 57, plans to retire
on July 31, 2013.
"Don has made a number of important contributions to UQM over his long
career. We greatly appreciate his contributions towards strengthening
our financial position and growing our business," said Eric R. Ridenour,
UQM's President and Chief Executive Officer. "Don will remain an active
member of management until his retirement and also will assist in the
search for a new Chief Financial Officer to allow an orderly transition
of responsibilities. We wish him all the best as he enters this new
stage of his life."
Mr. French joined the company in 1987 and has served as the Chief
Financial Officer over most of his 25 year tenure. Recently, Mr. French
was instrumental in thecompany's efforts to secure funding from the
Department of Energy and purchase new facilities in Longmont, CO.
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. Please
for more information.
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 officers and directors with respect to, among
other things, future orders to be received, future financial results 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 Form
10-Q filed today, which is available through our website at www.uqm.com
or at www.sec.gov.
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