UQM expands its marine applications with electric propulsion system for yacht tender

By: Steve Wednesday October 10, 2012 0 comments Tags: David Gray, Eric Ridenour, Longmont, Myline Bolt, Myline Yacht Design, ReGen Nautic, UQM

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LONGMONT - UQM Technologies Inc. (NYSE MKT: UQM) today announced its PowerPhase Pro 100 electric propulsion system is powering the new all-electric Myline Bolt yacht tender, which debuted in September at the 2012 Monaco Yacht Show.

"The emerging electric and hybrid marine vessel market is a good fit for our power-dense electric propulsion systems, which offer high power and efficiency in a small package," said Eric R. Ridenour, UQM's president and CEO.

"We will continue to expand into new market segments and regions as as we grow the company."

Myline has been making yachts since 1896, and the Bolt 18 is the company's first all-electric vessel. Designed as a yacht tender, the Bolt 18 can hold a crew of six and tow water-skiers and wake boarders.

Myline is also developing all-electric yachts that will use UQM PowerPhase systems, further expanding UQM's offerings in the marine market.

"The boat is exceeding all of our expectations in terms of speed, acceleration, power-to-weight ratio, quietness and ride quality," said David Gray, president and owner of Myline Yacht Design.

"The UQM electric motor propels the Bolt 18 from zero to 30 knots in just three seconds, raising the eyebrows of several groups at the Monaco Yacht Club."

Myline worked with ReGen Nautic USA, leveraging ReGen's past experience with UQM electric drive systems. It marks the second marine application for UQM electric drive systems with ReGen Nautic, following the Goldfish 23 all-electric eFUSION earlier this year.

For more information, visit www.uqm.com.


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