Unique Mobility, Inc. Appointments New Head of Franklin Manufacturing Unit
GOLDEN, Colo., Nov. 9 /PRNewswire/ -- Unique Mobility, Inc. (Amex: UQM), a developer of alternative energy technologies, announced today that it has appointed Carl L. Schlemmer as General Manager of its Franklin Manufacturing unit. Mr. Schlemmer will succeed William C. Moffitt who was named interim General Manager in July. Mr. Moffitt will continue as a consultant to the Company.
Mr. Schlemmer has more than 20 years experience as a senior manager of various electronics manufacturing operations including, most recently, as General Manager of TRW Lucas Varity Automotive Control Systems, a manufacturer of sensors for Original Equipment Manufacturers and automotive applications. Prior to that, Mr. Schlemmer was Vice-President of Operations for Trident International, a manufacturer of industrial ink-jet subsystems for Original Equipment Manufacturers worldwide and Vice President of Operations for Schott Electronics, a division of Schott Glaswerke of Mainz, Germany, a manufacturer of electronic products for the computer, medical and defense industries.
William G. Rankin, Unique's President and Chief Executive Officer, said, "We are extremely pleased that Carl Schlemmer has joined our team to lead Franklin Manufacturing during this period of rapid growth in our electronic manufacturing business. Carl's management experience in a variety of electronics manufacturing operations over the last 20 years well qualify him to direct our continuing expansion and to broaden our capability. Bill Moffitt has done an exceptional job as interim General Manager, leading Franklin Manufacturing to its highest revenue month ever, in October, and we are pleased that Bill has agreed to continue with the Company as a consultant to help us exploit a variety of manufacturing opportunities."
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 website at http://www.uqm.com.
This press release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the Risk Factors section of the Registration Statement on Form S-3 (File No. 333-78525) filed by the Company with the SEC, which identifies important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including the Company's ability to be profitable, its ability to obtain additional financing, the Company's reliance on major customers and suppliers and the possibility that product liability insurance may become unavailable. These forward-looking statements represent the Company's judgment as of the date of the press release. The Company disclaims, however, any intent or obligation to update these forward-looking statements.
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