Unique Mobility Receives $1.6 Million Order From Honeywell
GOLDEN, Colo., Jan. 9 /PRNewswire/ -- Unique Mobility, Inc. (Amex: UQM), a developer of alternative energy technologies, announced today that its UQM Power Products unit has received an order from Honeywell Space Systems in Phoenix, Arizona of $1.6 million for the production of aerospace gear sets. Deliveries under the order will run through March 2002.
UQM Power Products manufactures high quality gears, gear sets and transmission assemblies for the aerospace and automotive markets and motors for the health care industry.
William G. Rankin, Unique's President and Chief Executive Officer said, "We are extremely pleased that a major player in the space systems community, Honeywell Space Systems, has selected us to manufacture such critical parts for their stabilized gyroscopic platform. We are keenly aware of the responsibility necessary for the success of the program and consider this contract to be a compliment to the expertise that we bring to the aerospace gear market."
Unique Mobility, Inc. is a leading developer and manufacturer of power dense, high efficiency motors, gear assemblies and electronic assemblies for the automotive, aerospace, telecommunications, medical and industrial markets. A major emphasis of the company is developing products for the alternative energy technologies sector including power systems for electric, hybrid electric and fuel cell electric vehicles, 42 volt vehicle auxiliaries and distributed power applications. The company's headquarters and engineering and product development center are located in Golden, Colorado. Manufacturing facilities are located in Frederick, Colorado (electric motors and gear assemblies) and St. Charles, Missouri (electronic assemblies and wire harnesses). For more information on the company, please visit its worldwide Web site at http://www.uqm.com.
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