LONGMONT - UQM Technologies Inc. (NYSE: UQM) will provide the electric propulsion system that will power a yacht tender made by Mylne Yacht Design in Fort Lauderdale, Florida.

The Mylne Bolt 18 yacht tender is a transport used to service and to deliver support and entertainment to a private or charter yacht.

Longmont-based UQM's PowerPhase Pro 100 electric propulsion system is powering the all-electric vessel.

"The emerging electric and hybrid marine vessel market is a good fit for our power-dense electric propulsion systems which offer high power and efficiency in a small package," said Eric R. Ridenour, UQM's president and chief executive. "We will continue to expand into new market segments and regions as we grow the company."

Mylne has been making yachts since 1896, and the Bolt 18 is the company's first all-electric vessel. It can hold a crew of six and tow water-skiers and wake boarders.

Additionally, Mylne is developing all-electric yachts that will also use UQM's PowerPhase systems.

"The boat is exceeding all of our expectations in terms of speed, acceleration, power-to-weight ratio, quietness and ride quality," said David Gray, president and owner of Mylne Yacht Design. "The UQM electric motor propels the Bolt 18 from 0 to 30 knots in just three seconds, raising the eyebrows of several groups at the Monaco Yacht Club."

Mylne worked with ReGen Nautic USA, leveraging ReGen Nautic's past experience with UQM electric-drive systems. This is the second marine application for UQM electric-drive systems with ReGen Nautic. The first program was the Goldfish 23 all-electric eFUSION earlier this year.