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Welcome to the major leagues of debt. Collateralized debt obligations, almost always referred to as a CDOs, are horrendously
complicated deals that often leave anyone without a MBA wondering what was put into these CDOs.
The first thing to
understand about bonds, (aka debt) is that bonds are often backed by something else. Think about your home mortgage. If you
don't pay your mortgage, the bank can take the house. You end up homeless, and the bank sells the house to pay off the rest
of that mortgage. There is something "backing" that mortgage; something lender can fall back on, if you don't pay your bills
like a good human being. That's called collateral.
CDOs are one flavor of an entire sector of investing called structured
finance, and they are also backed. CDOs, in the simplest concept, are just bonds backed by something else. In most cases,
a CDO is backed by a collection of various types of debt. CDOs can be home mortgages, or other types of debt like credit cards,
auto loans, and personal loans. Most of these types of debt are usually considered a bit more risky and they don't have the
backing that a home loan does. So, if you think it through, you can imagine that CDOs are usually considered a risky investment.
To take a step further, understand that CDOs have multiple flavors within each CDO. These flavors are called tranches. If you've taken French, you might recognize the word, it means "slice" or "portion." Each slice of that CDO you invest in is a little different and carries different amounts of risk.
You could invest in the lowest risk tranche of the CDO, which would
provide you lower risk. But, you don't get a good return on that investment. Or, you can be the heroic adventurer of bonds
and invest in the lowest-grade tranche of the CDO. You'll make an amazing return, but if the economy even looks at you wrong,
you might lose the entire investment.
CDOs aren¿t easy, and are almost always invested in by mutual funds, insurance
companies and hedge funds. As an individual investor, you will probably not come across a CDO you can participate in.
Home / Markets / Industries / Technology
Wednesday, May 07, 2008
UQM Technologies Introduces 125 kW Propulsion System
Comtex
FREDERICK, Colo., May 07, 2008 (BUSINESS WIRE) ----UQM Technologies, Inc. (AMEX:UQM), a developer of alternative energy technologies, announced today that it has introduced and is taking orders for a new 125 kW (168 horsepower) peak power UQM(R) proprietary permanent magnet propulsion system. The new propulsion system is suitable for high performance automotive applications including all-electric, plug-in hybrid, and series hybrid vehicles.
The propulsion system has a continuous power rating of 45 kW (60 horsepower), delivers peak torque of 300 N-m (221 ft-lbs) and continuous torque of 160 N-m (118 ft-lbs), and now has the highest peak power density of any of our propulsion systems. With a diameter of only 280 mm (11 inches) and a weight of 41 kg (90 lbs), this motor fits easily in subcompact passenger vehicles. The system also features optimized four-quadrant performance, dynamic torque, speed and voltage control, and system energy efficiency of over 90 percent across substantially its entire performance regime.
"This system allows us to pursue market opportunities for those vehicle platforms that require high peak power but are too small to package our 150 kW system," said Jon Lutz, Vice President of Technology for UQM Technologies, Inc. "This system is ideally suited to high performance automobiles and capitalizes on the proprietary software and hardware technology that led to the release of our high performance 150 kW system last year. We are pleased to now offer a product family that includes 50 kW, 75 kW, 100 kW, 125 kW, and 150 kW propulsion systems."
UQM Technologies, Inc. is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, medical, military and industrial markets. A major emphasis of the Company is developing products for the alternative energy technologies sector including propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles, under-the-hood power accessories and other vehicle auxiliaries and distributed power generation applications. The Company's headquarters, engineering and product development center, and motor manufacturing operation are located in Frederick, Colorado. For more information on the Company, please visit its worldwide website at www.uqm.com.
This Release contains statements that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. These statements appear in a number of places in this Release and include statements regarding our plans, beliefs or current expectations, including those plans, beliefs and expectations of our officers and directors with respect to, among other things the development of markets for our products and the adequacy of our cash balances and liquidity to meet future operating needs. Important Risk Factors that could cause actual results to differ from those contained in the forward-looking statements are contained in our Form 10-Q filed January 30, 2008, which is available through our website at www.uqm.com or at www.sec.gov.
SOURCE: UQM Technologies, Inc.
UQM Technologies, Inc. Donald A. French, 303-278-2002 or BPC Financial Marketing John Baldiserra, 800-368-1217
Copyright Business Wire 2008
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