Colorado Governor Bill Ritter and Coda Automotive CEO Kevin Czinger to Speak at Annual Meeting of Shareholders on August 11, 2009

FREDERICK, Colo.--UQM TECHNOLOGIES, INC. (NYSE Amex: UQM), a developer of alternative energy technologies, announced today that Colorado Governor Bill Ritter and Kevin Czinger, President and Chief Executive Officer of Coda Automotive, will each address the attendees at the company’s annual meeting of shareholders on Tuesday, August 11, 2009. Governor Ritter is an active advocate for clean energy and a proponent for the role that Colorado companies can play in the development of a “new energy economy.” Mr. Czinger will present Coda Automotive’s innovative all-electric Sedan and his company’s strategy for becoming a major player in the developing market for environmentally-friendly, high performance passenger automobiles.

The meeting is being held at the Golden Hotel, 800 Eleventh Street, Golden, Colorado 80401. A continental breakfast will be available beginning at 9:00 a.m. and attendees will have an opportunity to meet informally with members of the company’s management and board of directors prior to the formal meeting, which will begin at 10:00 a.m.

UQM Technologies, Inc. is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, 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, plug-in 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 30, 2009, which is available through our website at www.uqm.com or at www.sec.gov.