UQM Technologies Propulsion System Selected by Quantum Technologies for Advanced Electric Postal Vehicle

FREDERICK, Colo.--UQM TECHNOLOGIES, INC. (NYSE Amex: UQM), a developer of alternative energy technologies, announced today that it has received an order from Quantum Fuel Systems Technologies Worldwide, Inc. for a propulsion system to be incorporated into Quantum’s Quiet™ high efficiency battery electric drive system to power an advanced electric postal delivery vehicle being developed by Quantum for the U.S. Postal Service (USPS). The vehicle, which will be based on the widely used Grumman Long Life Vehicle (LLV), is being developed under a one year demonstration and validation program to be conducted by the USPS in Washington, D.C.

“We have a long history of collaborating with Quantum on successful clean vehicle programs for the U.S. Military and other commercial customers, and we expect this program to result in a vehicle that exceeds the USPS’ performance expectations.”

A successful demonstration in the nation's capital could pave the way to broad adoption of battery electric vehicles in the USPS fleet. Electrification of the 178,000-strong LLV segment of the postal delivery fleet, the largest civilian fleet in the country, will help to reduce emissions across the country and reduce dependence on foreign petroleum while supporting the continued development of the US EV industry.

“We are pleased to be selected by Quantum for this important program,” said William G. Rankin, UQM Technologies’ President and CEO. “We have a long history of collaborating with Quantum on successful clean vehicle programs for the U.S. Military and other commercial customers, and we expect this program to result in a vehicle that exceeds the USPS’ performance expectations.”

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, orders to be received under our supply agreement with Coda, our ability to successfully expand our manufacturing facilities, the ability to sell the company’s existing facility on terms satisfactory to the company and the continued growth of the electric-powered vehicle industry. 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 February 2, 2010, which is available through our website at www.uqm.com or at www.sec.gov.