Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button


Home > Press > UQM Technologies and Altair Nanotechnologies Form Strategic Alliance

UQM TECHNOLOGIES, INC. (AMEX: UQM) AND ALTAIR NANOTECHNOLOGIES, INC. (NASDAQ: ALTI) jointly announced today that they have formed a strategic alliance to collaboratively pursue opportunities for their complementary proprietary technologies in advanced transportation and other high potential markets. The alliance pairs UQM's electric motor, power generator and power electronic products that are small, lightweight, highly efficient, and offer high torque and high speed in a single package, with Altairnano's NanoSafe™ battery packs that are safe, possess rapid charge and discharge rates, have exceptional performance at high and low temperature extremes and exhibit long cycle life.

UQM Technologies and Altair Nanotechnologies Form Strategic Alliance

FREDERICK, CO & RENO, NV | Posted on February 6th, 2007

The transportation market is expected to experience rapid technological change resulting in further electrification of vehicles. As a result, a wide array of possible product opportunities are expected to develop in electric transportation and other related markets, including products for electric propulsion, power generation, power management and conversion and on-board energy storage. By collaborating on product development opportunities, both companies can potentially accelerate the commercialization of their proprietary technologies as well as develop optimized solutions that require motive power, on-board energy storage and power generation.

"UQM has a reputation for developing an array of innovative and high performance products for advanced transportation applications," said Alan J. Gotcher Ph.D., Altairnano's President and Chief Executive Officer. "This strategic alliance will allow us to offer comprehensive, integrated products and electric power solutions to a wide range of customers and markets."

"We are excited to be able to collaborate with Altairnano on product opportunities in the markets we are pursuing," said William G. Rankin, President and Chief Executive Officer of UQM Technologies, Inc. "We believe the performance attributes of Altairnano's NanoSafe™ battery packs can potentially add significant value to vehicles under development for our current and future customers."

UQM and Altairnano are currently collaborating on the development and commercial launch of an all-electric sport utility truck (SUT) for Phoenix Motorcars, Inc., which is being integrated and tested by Boshart Engineering. The Phoenix all-electric SUT is powered by a 100 kW UQM® electric propulsion system which produces over 400 ft-lbs of torque, accelerates the vehicle from 0 to 60 miles per hour in less than 10 seconds, has a top speed of 100 miles per hour and operates at peak system efficiencies of over 94%. The vehicle's 35kWh NanoSafe™ battery pack can be recharged in less than 10 minutes with an appropriate rapid charging station and in a typical fleet duty cycle the vehicle can travel up to 135 miles between charges. The SUT is expected to qualify as a Type III ZEV in California.


About UQM Technologies
UQM Technologies, Inc. is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, medical, military and industrial markets. A major emphasis of the Company is developing products for the alternative energy technologies sector including propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles, under-the-hood power accessories and other vehicle auxiliaries and distributed power generation applications. The Company's headquarters, engineering and product development center, and motor manufacturing operation are located in Frederick, Colorado. For more information on the Company, please visit its worldwide website at .

Altairnano is an innovator and supplier of advanced novel, ceramic nanomaterials. A seasoned management team complements Altairnano’s leading edge scientists with substantial experience in commercializing innovative, disruptive technologies. The company has developed nanomaterials for the alternative energy, life sciences and performance materials markets based on its proprietary manufacturing process. This process also provides the foundation for its innovative AHP pigment process. For more information visit: .

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 the officers and directors of UQM Technologies, Inc. and Altair Nanotechnologies, Inc. with respect to, among other things the development of markets for their products. These risks and uncertainties include, without limitation, the risks that the electric sport utility truck (SUT) being marketed by Phoenix Motorcars, Inc. will not qualify for Type III ZEV credits in California, that products expected to be developed will not be developed, or will not achieve significant market penetration for various reasons, or the failure of the markets to develop in a timely manner or at all. Additional important Risk Factors that could cause actual results to differ from those contained in the forward-looking statements are contained in the most recent Quarterly Reports on Form 10-Q of Altair Nanotechnologies, Inc. and UQM Technologies, Inc., which are available at .

For more information, please click here

For UQM Technologies:
Individual and Institutional Investors:
BPC Financial Marketing
John Baldiserra, 800-368-1217
Company Information:
UQM Technologies, Inc.
Donald A. French, 303-278-2002
For Altair Nanotechnologies:
Media Relations:
Terry Banks, Senior Vice President, 202-828-9710

Company Information:
Altairnano, Inc.
Ed Dickinson, Chief Financial Officer, 775-858-3750

Institutional Investors:
Tom Laughran, Senior Vice President, 312-751-3519

Individual Investors:
McCloud Communications, LLC
Marty Tullio, Managing Member, 949-553-9748

Copyright © Business Wire

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press


Faster design -- better catalysts: New method facilitates research on fuel cell catalysts October 9th, 2015

Performance of Polymeric Nanoparticles as Gene Carriers Studied by Iranian, Dutch Scientists October 9th, 2015

Purdue launching new quantum center during workshop October 8th, 2015

Newly discovered 'design rule' brings nature-inspired nanostructures one step closer: Computer sims and microscopy research at Berkeley Lab yield first atomic-resolution structure of a peptoid nanosheet October 8th, 2015

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics/Energy storage

Could candle soot power electric vehicles? New research shows candle soot can power the lithium batteries in electric cars October 8th, 2015

From trees to power: McMaster engineers build better energy storage device October 7th, 2015

Discovery about new battery overturns decades of false assumptions October 7th, 2015

Fractals aid efforts to understand heat transport at nanoscale October 6th, 2015

Alliances/Trade associations/Partnerships/Distributorships

Global leader in semiconductor technology to maintain and expand operations at SUNY Poly CNSE in Albany October 8th, 2015

Leti Joins GLOBALFOUNDRIES’ Eco-System Partners With Focus on Supporting 22FDX™ Platform: GLOBALSOLUTIONSSM Partnership Will Enable Leti’s FD-SOI and ASICS Design-and-Fabrication Solutions on GLOBALFOUNDRIES Technologies October 7th, 2015

SUNY Poly Announces Joint Development Agreement with INFICON to Establish Cutting Edge R&D Partnership Supporting New York State’s Rapidly Expanding Nanoelectronics Industry September 23rd, 2015

Pushing the limits of lensless imaging: At the Frontiers in Optics conference researchers will describe a custom-built ultrafast laser that could help image everything from semiconductor chips to cells in real time September 21st, 2015

The latest news from around the world, FREE

  Premium Products
Only the news you want to read!
 Learn More
University Technology Transfer & Patents
 Learn More
Full-service, expert consulting
 Learn More

Nanotechnology Now Featured Books


The Hunger Project

Car Brands
Buy website traffic