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UQM receives $1.2M order from KESHI

Jan. 18, 2018 11:00 AM ETUQM Technologies, Inc. (UQM) StockBy: Yoel Minkoff, SA News Editor
  • UQM Technologies (NYSEMKT:UQM -1.4%) has announced the first significant purchase order from KESHI, a major Chinese manufacturer of commercial mining vehicles, for explosion-proof E-drive systems valued at $1.2M.
  • While UQM signed a cooperation agreement with KESHI in 2015, KESHI's production launch was delayed due to market conditions, but has now made a major commitment to this new energy market application.

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