UQM Technologies Receives New Order to Supply Lightning Systems in Key Fleet EV Programs

UQM Technologies, Inc. (NYSE American: UQM) announced it has received an order from Lightning Systems for UQM's eDT 220 electric propulsion systems for use in several new projects, including Class 6 vehicles for Zeem Solutions, located in New York, and a city bus program for Via Mobility, located in Boulder, Colorado. Shipments are currently expected to commence in 2018 and continue into 2019. UQM supplies various powertrain components to Lightning Systems, including the UQM E-Drive paired with different gearbox solutions, making UQM the Tier 1 provider for the full assembly. The UQM electric drive system brings industry-leading electric vehicle (EV) performance and efficiency to an array of Lightning Systems vehicles.

"We are very pleased to see the progress and success we are enjoying with Lightning Systems in winning new business with their expanded vehicle offerings utilizing the UQM propulsion systems," said Joseph Mitchell, CEO of UQM Technologies. "What makes this even more exciting is the Colorado connection between UQM and Lightning, and our joint expansion in the new energy market."

"Having UQM in very close proximity to us in Northern Colorado and such a close working relationship between our companies has given both UQM and Lightning Systems a speed to market and innovative integration advantage," said Tim Reeser, CEO of Lightning Systems. "We have UQM electric drive configurations deployed now in Class 3 to Class 8 vehicles and continue to be impressed with the quality of the UQM products and team, and look forward to potentially bringing more applications and vehicles to market in the near future utilizing the UQM propulsion systems."

UQM | www.uqm.com

Lightning Systems | www.lightningsystems.com