Lee Iacocca to Appear at the 14th International Electric Vehicle Symposium
8 December 1997
Company Plans Announcements On Hybrid-Electric Vehicles And
Strategic Alliances
GOLDEN, Colo., Dec. 8 -- Former Chrysler Chairman Lee Iacocca
will join Unique Mobility Chief Executive Ray Geddes at EVS-14, the
International Electric Vehicle Symposium and Exposition in Orlando, December
11-17.
Unique Mobility plans several announcements during the conference, Geddes
said, including details of its expanding relationship with Iacocca and his new
company, EV Global Motors. Iacocca is Unique's largest shareholder and sits
on the Company's board. Geddes sits on the board of Los Angeles-based EV
Global.
Geddes noted that the conference comes on the heels of the Kyoto climate
change summit and several recently publicized "breakthroughs" on hybrid-
electric vehicles and fuel cell technology. "Alternative fuel vehicles are
one way we can address air pollution and global warming problems," Geddes
said. "We're going to present an all new Ethos HEV concept car and we'll have
other announcements that involve both electric and hybrid-electric vehicle
systems."
EVS-14 is expected to attract more than 2,000 representatives of the
electric vehicle, automobile and electric utility industries as well as
government officials, academics, investors and journalists from around the
world. The conference, the largest of its kind, will be held at the Walt
Disney World Dolphin in Orlando. The conference opens with a parade of
electric vehicles through the EPCOT Resort on December 11 and a
ride-and-drive for media on press day, December 12.
The electric vehicle parade and ride-and-drive sessions will include the
Ethos 3 EV, a stylish four-passenger commuter car designed by Italy's
Pininfarina. The Unique Mobility exhibit will feature the Ethos HEV, a
prototype electric scooter, and a 100 horsepower CNG fueled auxiliary power
unit for large hybrid-electric vehicles such as transit buses, shuttles and
medium duty trucks.
Also planned on December 11: a media demonstration at Universal Studios of
a new hybrid-electric HMMWV military vehicle equipped with four 100-horsepower
UQM(R) electric motors that has twice the acceleration and climbing capability
of a conventionally powered "Hummer." The hybrid-electric Hummer, first
unveiled last week in Huntsville, Alabama, to an audience of government and
military officials, can accelerate from zero to 50 in 8 seconds and climb a 60
degree incline at 17 miles an hour. "It'll run circles around Arnold
Schwarzenegger's Hummer," said Geddes.
Unique Mobility, Inc. is one of the world's leading developers of energy
efficient electric and hybrid electric vehicle systems. It is a Golden,
Colorado, based engineering concern and manufacturer of high efficiency
permanent magnet motors and controls for automotive, aerospace and industrial
applications. For more information on the Company, please visit our world
wide web site at http://www.uqm.com.
This release contains forward-looking statements that involve risks and
uncertainties. The Company's actual results could differ materially from
those discussed in this release. Factors that could cause or contribute to
such differences include, but are not limited to, those discussed in the
Company's Registration Statement on Form S-3 (file no. 23843). These
forward-looking statements represent the Company's judgment as of the date of
this release. The Company disclaims, however, any intent or obligation to
update these forward-looking statements.
SOURCE Unique Mobility
