Dallas, Texas 03/21/2014 (FINANCIALSTRENDS) – UQM Technologies Inc (NYSEMKT:UQM) has set its eyes high with respect to its goals for the year ahead. After closing a fund raising campaign during the first week of February, in which it was able to raise nearly $5.3 million by attracting institutional investors into the stock, it has concentrated on augmenting its manufacturing and delivery model in order to move out of the lower end of the manufacturing spectrum to the high margins, high quality manufacturing vertical. Keeping that in mind it has put into good use the proceeds from the fund raising to increase its production capacity, and improving its operational efficiency which have transformed the company into being one of most quality conscious manufacturing partners in U.S.
The demonstration of this achievement was the company’s announcement recently that it has been awarded the industry’s most recognized and coveted quality recognition in the form of ISO/TS 16949 Certification. The certification is bound to open up avenues for the company to start supping its electronic components to the industry bigges like Ford, General Motors and Toyota. The certification is a citation of the world class and hard to beat quality parameters that the company has acquired all through its supply chain, and as a result making it a trusted partner which can deliver on time and in high quality, products and services which are in the realm of “design, engineering and manufacturing”.
Commenting on the hard and long road that the firm had to take for getting certified, Eric Ridenour who is the President and Chief Executive Officer of the company has been quoted to have said that, “After a rigorous, year-long process, attaining the ISO/TS 16949 registration is a significant achievement and a critical step in our progression in the industry to position UQM as a world class supplier of electric drive components and systems. With this announcement, we have not only validated the quality of our operation, but also demonstrated our commitment to meeting the demands and expectations of existing and potential customers of all size and volume