UQM Technologies, Inc., a developer of alternative energy technologies, has won an order from a major fuel cell system supplier in China for UQM’s Fuel Cell Compressor System (“FCS”).
The initial order is valued at approximately $1.8m and the new contract will cover deliveries in 2019. Additional details, including the names of the customer, specific vehicle programme, and launch timing were not disclosed for competitive reasons.
The combined electric motor, inverter and compressor module was selected as a high-performance, cost effective solution by the new production customer after having purchased several FCS units earlier in 2018 for demonstration purposes.
“We believe our fuel cell compressor system is the premier solution – from both a performance and cost perspective – in the market today,” said Joe Mitchell, UQM Technologies’ President and Chief Executive Officer.
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