Lee's Summit, MO -- Tuesday, February 26, 2013 -- QM Power Inc., a company redefining energy efficiency and power density in electric motors, generators and actuators, announced the successful completion of its Q-Sync™ fan motor development for commercial refrigeration applications. This marks the first steps in QM Power's planned multi-product commercialization efforts, targeting a $10 billion global addressable market for Q-Sync™.
QM Power’s Q-Sync and Parallel Path Magnetic Technologies (PPMT™) are being heralded as next-generation electric motor and generator solutions due to the significant energy-saving, size, weight, reliability and cost benefits for businesses and consumers. QM Power is the first company to commercialize Q-Sync and PPMT technologies backed by ongoing contracts with the Department of Energy, ARPA-E, US Army, US Navy, NASA, National Science Foundation and commercial development partners. QM Power’s vertically integrated development capability, world-class team and intellectual property position the company well to deliver game changing products to the commercial refrigeration, HVAC, industrial, traction vehicle, power generation, consumer and military markets.
“This robust innovative technology provides new and unparalleled levels of efficiency without the increase in upfront cost associated with other ECM motor solutions” said PJ Piper, CEO of QM Power. “We are very excited by the test results and look forward to the field trials and ramping production with market leading OEMs and channel partners throughout 2013.”
In November 2012 QM Power Raised $6 million Series B financing led by Bright Capital. This investment substantiated Q-Sync and PPMT as the next generation electric motor and generator technologies and, coupled with earlier investments, enables the commercialization of these disruptive technologies to help reduce costs for end users.
“According to the International Energy Agency, motors consume 46% of all electricity produced globally, far exceeding any other category of electrical consumption,” said Mark Austin, Bright Capital Partner. “Given our long-standing commitment to energy and energy efficiency, we are excited to partner with QM Power and to help be a catalyst for their growth. In addition to QM Power’s broad-based platform and enabling technologies for this sector, the fact that their motors and generators can run at high performance levels without the requirement for rare earth magnets or materials opens further opportunities.”
Lee's Summit, MO -- Tuesday, February 26, 2013 -- QM Power Inc., a company redefining energy efficiency and power density in electric motors, generators and actuators, announced the successful completion of its Q-Sync™ fan motor development for commercial refrigeration applications. This marks the first steps in QM Power's planned multi-product commercialization efforts, targeting a $10 billion global addressable market for Q-Sync™.
QM Power’s Q-Sync and Parallel Path Magnetic Technologies (PPMT™) are being heralded as next-generation electric motor and generator solutions due to the significant energy-saving, size, weight, reliability and cost benefits for businesses and consumers. QM Power is the first company to commercialize Q-Sync and PPMT technologies backed by ongoing contracts with the Department of Energy, ARPA-E, US Army, US Navy, NASA, National Science Foundation and commercial development partners. QM Power’s vertically integrated development capability, world-class team and intellectual property position the company well to deliver game changing products to the commercial refrigeration, HVAC, industrial, traction vehicle, power generation, consumer and military markets.
“This robust innovative technology provides new and unparalleled levels of efficiency without the increase in upfront cost associated with other ECM motor solutions” said PJ Piper, CEO of QM Power. “We are very excited by the test results and look forward to the field trials and ramping production with market leading OEMs and channel partners throughout 2013.”
In November 2012 QM Power Raised $6 million Series B financing led by Bright Capital. This investment substantiated Q-Sync and PPMT as the next generation electric motor and generator technologies and, coupled with earlier investments, enables the commercialization of these disruptive technologies to help reduce costs for end users.
“According to the International Energy Agency, motors consume 46% of all electricity produced globally, far exceeding any other category of electrical consumption,” said Mark Austin, Bright Capital Partner. “Given our long-standing commitment to energy and energy efficiency, we are excited to partner with QM Power and to help be a catalyst for their growth. In addition to QM Power’s broad-based platform and enabling technologies for this sector, the fact that their motors and generators can run at high performance levels without the requirement for rare earth magnets or materials opens further opportunities.”