Printer Friendly

UNIQUE MOBILITY ANNOUNCES ADDITIONAL ALCAN SHARE ACQUISITION

 UNIQUE MOBILITY ANNOUNCES ADDITIONAL ALCAN SHARE ACQUISITION
 GOLDEN, Colo., Oct. 26 /PRNewswire/ -- Unique Mobility, Inc. (AMEX: UQM.EC) announced today the purchase of 269,987 shares of the company's common stock by Alcan Aluminium Limited.
 The shares were acquired pursuant to the exercise of preemptive rights granted under the company's agreements with Alcan. Aggregate proceeds to the company from the transaction were $538,524. Completion of the transaction has raised Alcan's stake to 17.6 percent of the company's outstanding common stock.
 Unique is a Golden, Colo., based engineering concern active in the design and development of high power density electric motors and related electronic controls for automotive, aerospace and general industrial applications.
 -0- 10/26/92
 /CONTACT: Ray A. Geddes, chairman of Unique Mobility, Inc., 303-278-2002; or Mark Cohen of Cameron Associates, 212-644-9560, for Unique Mobility/
 (UQM) CO: Unique Mobility, Inc. ST: Colorado IN: SU: TNM


SM-LR -- NY033 -- 4659 10/26/92 10:18 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 26, 1992
Words:156
Previous Article:AMERITECH NAMES SIEMENS STROMBERG-CARLSON SUPPLIER FOR SMDS SWITCHING
Next Article:WANG SIGNS UP DICKENS DATA SYSTEMS AND ROBEC, INC. TO DISTRIBUTE RISC-BASED IMAGE SOFTWARE
Topics:


Related Articles
UNIQUE MOBILITY ANNOUNCES EV TRACTION MOTOR DEVELOPED FOR BMW WINS POPULAR SCIENCE AWARD
UNIQUE MOBILITY ANNOUNCES EXERCISE OF UNDERWRITERS' OVER-ALLOTMENT OPTION
UNIQUE MOBILITY ANNOUNCES PRIVATE PLACEMENT OF CONVERTIBLE DEBENTURE
UNIQUE MOBILITY ANNOUNCES FISCAL 1991 RESULTS
UNIQUE MOBILITY ANNOUNCES SECOND QUARTER RESULTS
UNIQUE MOBILITY INC. RELEASES CHAIRMAN'S STATEMENT TO SHAREHOLDERS
INTERNATIONAL INSTITUTIONAL FUNDS EXPAND OWNERSHIP STAKE IN UNIQUE MOBILITY, INC.
Lee Iacocca's EV Global Motors Buys Equity Stake In Unique Mobility, Inc.; Partners Will Develop Light Electric Transportation Systems
Unique Mobility Issues Letter of Intent to Acquire Aerocom Industries
Unique Mobility Completes Acquisition of Franklin Manufacturing

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters