UQM gets $1M boost in Air Force deal |
|
|
|
Published
:
Wed, 21 Mar 2007 18:37
|
FREDERICK, Colo. (AP) - UQM Technologies Inc., which makes generators and electric motors, said Wednesday it won a $1 million contract from the U.S. Air Force to convert a pickup truck's conventional motor to electric power.The so-called contract supplement raises the total value of the deal to $2.83 million and extends the life of the contract to Nov. 30, 2008.Additional funds will be used for an extra vehicle test-bed and to further develop electronic motors and generators.The U.S. Air Force will test the controller in the all-electric pickup trucks.Shares of UQM traded flat at $4.35 in afternoon trading on the American Stock Exchange.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
|
|
|
|
|
|
|
| Stock
Quotes * |
|
NASDAQ
|
|
1599.06 |
-53.32 (
-3.29 %)
|
| SYMBOL (
2009-01-07 ) |
| LAST |
CHANGE
|
|
3I GROUP
(
11:35am )
|
|
362.50 |
+20.25 (
5.97 %)
|
|
HAMMERSON
(
11:35am )
|
|
613.00 |
+16.50 (
2.75 %)
|
| SYMBOL (
2009-01-07 )
|
| LAST |
CHANGE
|
| SYMBOL (
2009-01-07 )
|
| LAST |
CHANGE
|
|
|
Print this Story
Boeing gets $10M Air Force deal 