SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
SECURITIES EXCHANGE ACT OF 1934
Date of Report - June 17, 1997
(Date of earliest event reported)
UNIQUE MOBILITY, INC.
(Exact name of registrant as specified in charter)
COLORADO
(State or other jurisdiction of incorporation)
1-10869 84-0579156
(Commission File Number) (I.R.S. Employer Identification No.)
425 Corporate Circle, Golden, Colorado 80401
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 278-2002
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UNIQUE MOBILITY, INC.
FORM 8-K
Item 5. Other Events
The Company issued the following press release on June 17, 1997 announcing
the signing of a memorandum of understanding regarding the formation of a
strategic alliance to import, distribute and market electric scooters:
FOR IMMEDIATE RELEASE Contact: John S. Gould
Director Investor Relations
Release 97-7 Unique Mobility, Inc.
(303) 278-2002
================================================
UNIQUE MOBILITY, INC. ANNOUNCES SIGNING OF
MEMORANDUM OF UNDERSTANDING TO IMPORT AND MARKET
ELECTRIC SCOOTERS IN NORTH AND SOUTH AMERICA
================================================
Golden, CO --- June 17, 1997--- Unique Mobility, Inc. (AMEX: UQM) announced
a memorandum of understanding for the formation of a strategic alliance to
import, distribute and market electric motor scooters at a signing ceremony and
press conference held today in Taipei, Taiwan R.O.C. The following is the text
of the joint press release of the parties to the agreement:
Taipei, Taiwan R.O.C. --- June 17, 1997 --- An international strategic
alliance, organized by EV Global Motors Company (EVG), founded by Lee Iacocca,
and Kwang Yang Motor Co., Ltd. (KYMCO) was announced today in order to cooperate
in developing and marketing electric scooters. An era of clean and quiet
transportation is at hand.
Lee Iacocca, former Chairman and CEO of Chrysler Corporation, recently
formed EVG in the United States to aggressively pursue the EV industry. He not
only advocates "clean" transportation, but also plans to invite world class
companies as his partners to develop and market EV products worldwide. Mr.
Iacocca said, "The Taiwan scooter industry is well established with excellent
manufacturing and distribution. I am pleased to be associated with KYMCO, a
company committed to developing clean, quiet electric transportation."
S.C. Wang, President of KYMCO stated, "KYMCO is an international company
in the scooter and motorcycle industry. We are the largest scooter manufacturer
in Taiwan, and are working to become the largest in the world for both gasoline
and electric scooters in the future. We are pleased to have Mr. Iacocca visit
us, and have confidence in our new cooperation with his company."
KYMCO will coordinate its electric scooter development through its joint
venture, Taiwan UQM Electric Co., Ltd. (Taiwan UQM), comprised of partners
KYMCO, Unique Mobility and Turn-Luckily Technology Co., Ltd.(TLT).
Ray A. Geddes, Unique's Chairman and CEO said, "This is a important day for
all of our companies and for the world environment in which we and our children,
and our children's children, will live, work and play throughout the next
millennium. Unique is a world leader in the development of new transportation
technologies that can move vehicles down the highway cleanly, silently and with
the minimum use of energy. We are proud to be part of this world class team
that we believe will set a world standard for others to follow for years to
come."
Unique Mobility 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.
Taiwan UQM is a Taiwan based manufacturer of electric motors and controls,
and a licensee of UQM products, owned 39 percent by KYMCO, 39 percent by Unique
and 22 percent by TLT.
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 dated March 24, 1997. 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.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Unique Mobility, Inc.
(Registrant)
By: /s/ Donald A. French
Donald A. French
Treasurer and Controller
(Principal Financial and
Accounting Officer)
Date: June 18, 1997
