Hybrid Electric Volkswagen New Beetle Developed By TNO Automotive Powered By UQM(R) Generator

Series Hybrid Electric New Beetle Powered By a UQM(R) 42 kW Generator Coupled To a 1.2 Liter Three Cylinder TDI Diesel Engine to Be on Display At EVS-20 Exhibition in Long Beach

FREDERICK, Colo., Nov. 14 -- UQM TECHNOLOGIES, INC. (AMEX:UQM) , a developer of alternative energy technologies, announced today that a series hybrid electric Volkswagen New Beetle developed by TNO Automotive, Delft, The Netherlands, will be on display at the EVS-20 Exhibition in Long Beach, California November 15 through 18, 2003. The Volkswagen New Beetle on display is powered by 1.2 liter, three cylinder TDI diesel engine driving a UQM(R) 42 kW permanent magnet generator which produces the power to recharge a nickel metal hydride battery pack. In a series hybrid electric vehicle the engine is not connected to the wheels and is used solely to generate the power required for vehicle operation. Power and thermal management for the vehicle are performed by a CAN enabled microcontroller. The vehicle is capable of traveling up to 10 kilometers in all-electric mode and consumes approximately 4.5 liters of fuel per 100 kilometers during hybrid electric operation, reducing fuel consumption by 30 to 35 percent versus a conventionally powered New Beetle.

"We are pleased that TNO Automotive has selected a UQM(R) generator to power their hybrid electric Volkswagen New Beetle. TNO Automotive is a leading provider of research, development and engineering services and products to the automobile industry, government agencies and other organizations throughout the world and we are pleased to have them as a customer," said William G. Rankin, President and Chief Executive Officer of UQM Technologies, Inc.

"The UQM(R) generator powering our hybrid electric Volkswagen New Beetle has met all of our expectations, delivering 42 kW of continuous power with exceptional energy efficiency from a compact and lightweight machine. We believe the hybrid electric powertrain developed by TNO Automotive for the New Beetle has additional applications for urban distribution trucks, military vehicles, people movers and urban buses and we are looking forward to pursuing these additional opportunities," said Salem Mourad, Business Manager Advanced Powertrains for TNO Automotive.

UQM Technologies, Inc. is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, telecommunications, medical, military and industrial markets. A major emphasis of the Company is developing products for the alternative energy technologies sector including power systems for electric, hybrid electric and fuel cell electric vehicles, 42-volt 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. Its electronic products manufacturing facility is located in St. Charles, Missouri. For more information on the Company, please visit its worldwide website at www.uqm.com.

TNO Automotive provides a comprehensive range of research, development and engineering services and products to the automobile industry, government agencies and other organizations throughout the world with special reference to road safety, energy consumption, the environment and transport efficiency. Areas of expertise include safety, powertrains, advanced chassis and transport systems and homologations. TNO Automotive is part of TNO, a leading independent contract research organization who employs approximately 5,400 professionals. TNO has five core areas of expertise: Quality of Life, Defense and Public Safety, Advanced Products, Processes and Systems, Natural and Built Environment, ICT and Services. For more information on TNO, please visit its worldwide website at www.tno.nl.