UQM Technologies CEO William G. Rankin to Present at the Pacific Growth Equities Technology Conference in San Francisco on November 8, 2006

FREDERICK, Colo., Oct. 30, 2006 -- UQM TECHNOLOGIES, INC. (AMEX:UQM) , a developer of alternative energy technologies, announced today that its Chief Executive Officer, William G. Rankin, will present at the Pacific Growth Equities Technology Conference on Wednesday, November 8, 2006 at 1:30 p.m. The conference will be held at the W San Francisco Hotel.

Mr. Rankin will give an overview of UQM Technologies and its role and opportunities as a developer and producer of energy efficient motors, generators and power electronic controls for a variety of alternative energy sector applications including electric, hybrid electric and fuel cell electric vehicles.

More information about the conference can be found at www.pacificgrowth.com/conference/index.html

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

This Release contains statements that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. These statements appear in a number of places in this Release and include statements regarding our plans, beliefs or current expectations, including those plans, beliefs and expectations of our officers and directors with respect to, among other things the development of markets for our products and the adequacy of our cash balances and liquidity to meet future operating needs. Important Risk Factors that could cause actual results to differ from those contained in the forward-looking statements are contained in our Form 10-Q filed July 27, 2006, which is available through our website at www.uqm.com or at www.sec.gov.