UQM Technologies Announces Promotion Of Richard L. Hugen To Vice President, Marketing And Sales

    GOLDEN, Colo., April 26 UQM Technologies, Inc.
(Amex: UQM), a developer of alternative energy technologies, announced today
that Richard L. Hugen has been promoted to Vice President, Marketing and
Sales.  Mr. Hugen has served as Director of Marketing and Sales since joining
the Company in April, 2000 with responsibility for the marketing and sale of
the Company's electric motor and motor controller systems and coordinating
cross marketing activities between the Company's subsidiaries.
    Commenting on the appointment, William G. Rankin, President and Chief
Executive Officer said, "Dick's contribution, since joining the Company last
year, has been substantial and we are pleased to have him join the senior
management team.  His promotion reflects the growing level and breadth of
opportunities our company is facing."
    UQM Technologies, Inc. is a leading developer and manufacturer of power
dense, high efficiency motors, gear assemblies and electronic assemblies for
the automotive, aerospace, telecommunications, medical 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 vehicle auxiliaries and
distributed power applications.   The Company's headquarters and engineering
and product development center are located in Golden, Colorado.  Manufacturing
facilities are located in Frederick, Colorado (electric motors and gear
assemblies) and St. Charles, Missouri (electronic assemblies and wire
harnesses).  For more information on the Company, please visit its worldwide
website at http://www.uqm.com.

    This press release may contain forward-looking statements that involve
risks and uncertainties.  These statements may differ materially from actual
future events or results.  Readers are referred to the Risk Factors section of
the Registration Statement on Form S-3 (File No. 333-78525) filed by the
Company with the SEC, which identifies important risk factors that could cause
actual results to differ from those contained in the forward-looking
statements, including the Company's ability to be profitable, its ability to
obtain additional financing, the Company's reliance on major customers and
suppliers and the possibility that product liability insurance may become
unavailable. These forward-looking statements represent the Company's judgment
as of the date of the press release.  The Company disclaims, however, any
intent or obligation to update these forward-looking statements.

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