- UQM Technologies (NYSEMKT:UQM +82.5%) skyrockets on news it signed a 10-year China supply agreement with a subsidiary of Eastlake New Energy, with revenues to the company potentially exceeding $400M; shares halted.
- UQM says the deal provides electric propulsion systems for three market segments: 6-8 meter shuttle buses, light- to medium-duty delivery trucks, and 10-12 meter transit buses.
- UQM says it has received the first purchase order for an initial 3K units, which are expected to ship in 2017.