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UQM is ready to capitalize on the Electric Car market in 2010-2011

|Includes:BWA, UQM Technologies, Inc (UQM)

With all the talk about battery manufactures, here is an option for investment that bypasses the selection of the 'right' battery manufacture and hopes that just one of them solves the power density issues.  I think (NYSEMKT:UQM) is well positioned to take advantage of the growing lineup of electric and hybrid electric vehicles that will use off the shelf components rather than custom built electric motors.

Information on the recent Patent award:

Number 7,598,645 entitled “Stress distributing permanent magnet rotor geometry for electric machines.” The patent covers a novel rotor geometry that minimizes magnet content and maximizes the speed capability of the motor. The reduction in the amount of magnet material enabled under this patent is expected to result in lower production costs for electric propulsion systems for passenger automobiles.


The most expensive part of these motors are the rare earth permanent magnets, this patent allows for maximizing output with a reduction of the magnet material.

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As a side note take a look at Neo material Technologies on the Toronto Exchange (NEM-T)
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This from Piper Jaffray today on UQM:

Initiates coverage on UQM Technologies Inc. (NYSE: UQM) with an Overweight rating. Price target $7. 

Reading their second quarter operating results, although there is opportunity with new car manufactures ($50 million or so with Coda and Fisker), the greatest opportunity I see is their relationship with Borg-Warner (NYSE:BWA), who is tight with Ford and several other established manufactures.

With a $45 million dollar grant from the Department of Energy and their recent $32 million dollar stock issue, I think that (UQM) is a great option for playing the electric/hybrid market for the upcoming two years.



Stocks: UQM, BWA