Key Developments: UQM Technologies Inc (UQM.A)
1.25USD
1 Aug 2013
$-0.05 (-3.85%)
$1.30
$1.29
$1.29
$1.25
5,964
33,008
$1.79
$0.68
Latest Key Developments (Source: Significant Developments)
UQM Technologies Inc Signs Three-Year Supply Agreement To Provide Boulder Electric Vehicle With Electric Propulsion Systems
UQM Technologies, Inc. and Boulder Electric Vehicle announced that they have signed a new three-year supply agreement, making UQM the exclusive supplier of electric propulsion systems to the growing commercial vehicle manufacturer. Full Article
Faruqi & Faruqi, LLP Launches Investigation Against UQM Technologies, Inc. For Potential Breaches Of Fiduciary Duties By Board Of Directors
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a national securities firm headquartered in New York City, announced that it is investigating the Board of Directors of UQM Technologies Inc for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders` approval for an amendment of the Company`s 2012 Equity Incentive Plan. Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on June 21, 2013, the Board of Directors recommends that UQM`s shareholders vote to approve an amendment to the Company`s 2012 Equity Incentive Plan to increase the number of shares available for issuance from 1,100,000 to 2,100,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of UQM common stock. Full Article
UQM Technologies Inc And Electric Vehicles International Signs Long Term Supply Agreement
UQM Technologies, Inc. and Electric Vehicles International (EVI) announced that they have signed a new long-term supply agreement, extending the vehicle electrification work that the companies have done together. As part of the agreement, EVI will use UQM PowerPhase HD systems to power their all-electric walk-in vans and medium-duty commercial trucks. The PowerPhase HD systems were developed for the demanding needs of heavier commercial vehicles. Under the new long-term supply agreement, UQM will begin shipping PowerPhase HD systems to EVI in the third quarter of 2013. Full Article
UQM Technologies Inc Appoints David I. Rosenthal Chief Financial Officer
UQM Technologies Inc announced that it has appointed David I. Rosenthal as Treasurer and Chief Financial Officer. Full Article
UQM Technologies Inc Announces Retirement Of Treasurer And CFO Donald A. French
UQM Technologies Inc announced that Treasurer and Chief Financial Officer Donald A. French plans to retire on July 31, 2013. Full Article
UQM Technologies Inc Announces Strategic Alliance In China
UQM Technologies Inc announced that it has signed a memorandum of understanding with a Chinese company for the development and marketing of UQM electric propulsion systems for New Energy Vehicles (NEV) in China. Under the agreement, UQM and its China-based partner will work collaboratively to introduce UQM products into the Chinese market for use in New Energy Vehicles. Full Article
EV Engineering Selects UQM Technologies Inc To Power Australian Test Fleet Being Developed By EV Engineering
UQM Technologies Inc announced that its PowerPhase Select 145 electric propulsion system has been selected by EV Engineering to power its proof-of-concept fleet of Australian-built EV Commodore electric vehicles. The EV Engineering project is converting a fleet of locally manufactured Holden Commodore passenger cars to proof-of-concept fully-electric vehicles by June 2012, to demonstrate the technical viability and attractiveness to customers of a full-size electric car. Full Article

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