37
Forward-Looking Statements
This presentation 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 presentation and include statements regarding our plans, beliefs or current expectations; including those plans, beliefs and expectations of our officers and directors with respect to, among other things, gaining required certifications, UQM’s ability to successfully gain access to the Chinese electric vehicle market, new product developments, future orders to be received from our customers, sales of products from inventory, future financial results, liquidity and the continued growth of the electric-powered vehicle industry. Important Risk Factors that could cause actual results to differ from those contained in the forward-looking statements are contained in our Form 10-K and Forms 10-Q, which are available through our website at www.uqm.com or at www.sec.gov.
2
Overview
1. About UQM
2. The market
3. Market strategy
4. Financials
About UQM
• Design and manufacture propulsion systems for electric vehicles
• Founded in 1967
• Based in Longmont, Colorado
• Transportation + Tech crossover:
• Strategically located between Silicon Valley and Detroit
• Experience in auto, commercial vehicle, high tech
• Extensive industry knowledge
• Strong management experience:
About UQM
5
About UQM • 130,000 sq. ft. headquarters,
engineering and manufacturing
• High capacity to support OEM requirements
• Certifications:
• ISO 9001
• ISO 14001
• TS 16949
6
50 Years of UQM Experience
1967 to present
8
The Market
Market Drivers
10
Commercial Vehicle Cost of ownership: 4 MPG vs. 21 MPGe 425% Improvement
Maintenance Costs: $1/mile vs. $.06/mile 94% Improvement
2010 2015 2020 2025 2030
$1000
800
600
400
200
600
400
200
Yearly dem
and
for EV
battery p
ow
er Co
st f
or
lith
ium
-io
n b
atte
ry p
acks
Actual
Actual
Estimates
Estimated range
85% Reduction in Battery Costs
gigawatt hrs
Lifetime Fuel Costs:
78% Improvement
Emissions: 94% Improvement
0 CHG CO2
CH4 NOX HC PM BC
Strong EV growth will be driven by market demand
FactSet, Morgan Stanley Research
xEV
Sal
es (
mm
un
its)
Global EV Sales Growth
2011 ‘12 ‘13 ‘14 ‘15 ‘16 ‘17 ‘18 ‘19 ‘20 ‘21 ‘22 ‘23 ‘24 ‘25
20
15
10
5
0
U.S.
W. Europe
China
Japan
ROW
620% unit growth
11
Annual Mid & Heavy Duty Electric Drive Sales by Region World Markets: 2014-2023
The Market
12
$65 billion E-drive market through 2025
620% EV sales growth through 2025
85% lower battery cost 2010-2025
EV and Hybrid Electric Bus
Market
$165 Billion by 2025
Electric Vehicles for Construction,
Mining and Agriculture
$81 Billion
by 2021
Market Strategy
Turnkey System Solutions
Global Expansion
Technology-Enabled Cost Advantages
Motor + Inverter + Control Software
UQM Turnkey System Solutions
14
Motor + Inverter + Control Software + Transmission
Global Expansion
15
HQ Manufacturing
Regional HQ
Regional Manufacturing*
Sales & Service
* Proposed
Sales & Service *
16
Key Partnership Selection Criteria
Growth Capital
Market Access
Infrastructure Structure Options Avalable
JV | License | WFOE
ASIA | INDIA | EUROPE MARKETS
(Priority Focus)
Key Strategic Partnerships
Strategic Business Areas
17
Propulsion Systems
Auxiliary Products
Services
PowerPhase® Systems Automotive
& Light Truck
Passenger cars Vans and light trucks
Vehicle weight up to 5,000 KG
6-8 Meter Bus & Medium-Duty Truck
Light- to medium-duty bus and truck fleets
Vehicle weight up to 10,000 KG
10-12 Meter Bus & Heavy-Duty Truck
Large buses Heavy-duty work trucks
Vehicle weight up to 18,000 KG
PowerPhase® Heavy Duty PowerPhase®DT
Full Electric Plug-in Hybrid HEV Extended Range Parallel Hybrid Series Hybrid Fuel Cell
PowerPhase® Pro
PowerPhase® Pro
PowerPhase®Pro 100 PowerPhase®Pro 135
PowerPhase® Pro
Passenger Cars Vans and Light Trucks Extended Range Weight Up to 5,000 KG
• 300 Nm Peak Torque
• 100 kW Peak Power
• 60 kW Continuous Power
• 270 to 425 VDC
• 8000 RPM Top Speed
• 320 Nm Peak Torque
• 135 kW Peak Power
• 100 kW Continuous Power
• 270 to 550 VDC
• 10,000 RPM Top Speed
Leading Edge Features and Performance. Higher Efficiency Across Brad Range of Operating Conditions.
PowerPhase® HD
PowerPhase®HD 220(+) PowerPhase®HD 950T
• 700 Nm Peak Torque
• 220 kW Peak Power
• 150 kW Continuous
• 250 to 440 VDC
• 6000 RPM Top Speed
• 950 Nm Peak Torque
• 145 kW Peak Power
• 100 kW Continuous Power
• 250 to 440 VDC
• 4,500 RPM Top Speed
PowerPhase® Heavy Duty
Versatile Across Vehicle Type. Heavy Duty Truck And Bus. On-Road and Off-Road Applications
PowerPhase®HD 250
• 900 Nm Peak Torque
• 250 kW Peak Power
• 150 kW Continuous Power
• 450 to 750 VDC
• 5,500 RPM Top Speed
Performance Graph (Pro®)
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Services
PowerPhase®Pro 135
• High Efficiency (95%+)
• Actual Test Data
• Based on Complete System
Performance Graph (HD®)
22
Services
PowerPhase® HD 250
• High Efficiency (95%+)
• Actual Test Data
• Based on Complete System
Technology-Enabled Cost Advantages
23
Competition UQM Motor Weight Savings
Best-In-Class Power Density. Less Material. Less Cost.
Magnets 55%
Iron 40%
Copper Winding 48%
UQM PP250 Motor
kW/kg
kW/l
iter
Power Density
0
2
4
6
8
10
0 0.5 1 1.5 2 2.5 3 3.5
A
B
UQM
PowerPhase®DT Drivetrain vs. Direct Drive
• Up to 15% more efficient
• Improved drivability
• Smooth acceleration curve
• 3M+ miles in the field
• Lighter weight
• Compact electric drive
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PowerPhase®DT Drivetrain
Full electric 10-12 M Transit Bus HD Cargo Trucks Work Trucks Steep Grades Extreme Duty Cycles
Industry Leading Partnership
•Total Drive Solution for Commercial Vehicles •Tier 1 Supplier Alliance •Production Ready 2017
•Vehicle Weights Up to 18,000 KG
•2-Speed Auto Transmission with UQM PowerPhase®HD Products
•Ratios: Gear 1 | 3.53:1 Gear 2 | 1:1
•Peak Torque | 3,050 Nm
•Continuous Torque |1,420 Nm HD(+)
•Peak Power | 250 kW
•Rated Power |150 kW – 180 kW HD(+)
System Weight Material
Cost Dimensions Torque Density
Continuous Torque Max Rpm Peak
Power Cont. Power Speeds
Direct Drive PM Motor 380 kg More 572x590x668 9.2 Nm/kg 1,500 Nm 2,500 250kW 150kW 1
PM Motor with
Transmission 177 kg Less 390x496x968 17.8 Nm/kg 1,550 Nm 4,800 250kW >150kW 2
UQM Solution vs. Direct Drive
26
Direct Drive Competition
496 mm
590 mm
390 mm
572 mm
Direct Drive Competition
Less Weight. Less Material. Less Cost. 2X Wheel Speed and Torque. Greater Overall Efficiency
Integrated Propulsion Systems
Integrated Systems Design
Integrated Systems Experience
•Gears Embedded in Rotor
• Integrated Differentials
•Hollow Shaft Pass through
•Multiple Cooling Options
• Integrated Magnetic Circuit
• Integrated Motor/Controllers
• Integrated with Gear Train
•Selection of 3rd Party Components
Decades of Experience in Designing Complex Integrated Drive Systems.
Commercial Market Leading E-Axle Technology
Architecture and Packaging
• Eliminates Driveline and Tunnel • Opens Vehicle Architecture • Optimizes Battery Placement location • Packaging Efficiencies for Motor and Gears
Performance and Cost • High Power Density for Low Cost • Reduced Components • Drive shaft and Transmission Eliminated • 2 speed or 1 speed axle • Shared housing for motor and Axle
Integrated or Bolt-On
Components Packaged within
Rotor
Axial Transverse
Configurations
Key Industry Partnership in Commercial Market
Fuel Cell Compressor Systems
UQM Fuel Cell Compressor Systems
• Leading Global EATON Compressor Technology
• UQM Electric Motor and Controller
• 30kW to 150kW Stack Capability
• Efficient System Ideal for Wide Array of Vehicles
30
Industry-Leading and Efficient, the UQM Variable Speed Fuel Cell Compressor System Supplies Air to the Fuel Cell Stack and changes Hydrogen to Electrical Energy with Minimal Losses and High-Pressure Ratios.
Fuel Cell Compressor System Details
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Product Description
• Each UQM System features Eaton Corporation TVS Roots based, 4-Lobed involute profile rotors, with helical twist in its superchargers (compressors).
• UQM Solution offers significant noise and heat reduction than comparable twin screw compressors.
• UQM Solution offers a larger efficiency window
than centrifugal compressors.
Applications
• The R340 System is designed for Light-Duty Automotive and Commercial Applications for up to 80kW Stacks.
• The R410 System is designed for Medium-Duty Automotive and Commercial and Transit Bus Applications for up to 150kW Stacks.
TVS Rotors by
KEY GLOBAL CUSTOMER BASE
Canada, INDIA, China USA, Europe
Fuel Cell Compressor System Performance
32
Fuel Cell Compressor System Specifications
33
Financials
Financials
35
15 Worldwide
Patents
$40M U.S. DOE
Endorsement
$100M E-drive Tech Investment
• Revenue growth opportunities with existing supply agreements
• Revenue growth opportunities with entrance into Asia and trial programs with full electric drivetrains
• Strong contribution margins > 50%
• Significant operating leverage
• Low fixed cost basis
• Clear path to profitability
• Strong technical and strategic foundation for growth
Summary
About UQM • Transportation meets tech. Experienced. Diverse customers.
The market • $65 billion. Infrastructure-ready. Environmental, cost and technical drivers.
Market strategy • Turnkey solutions. Global expansion. Technologically superior systems.
Financials • Positioned for revenue growth.
Contact Information: Sales +1.303.682.4910 [email protected]
