UQM Technologies CEO William G. Rankin Selected as Bravo! Entrepreneur Award Winner by the Northern Colorado Business Report

FREDERICK, Colo.--UQM TECHNOLOGIES, INC. (NYSE Amex: UQM), a developer of alternative energy technologies, announced today that the Northern Colorado Business Report has selected the Company’s President and Chief Executive Officer, William G. Rankin, as a Bravo! Entrepreneur Award winner for the northern Colorado outlying communities category. The Bravo! Entrepreneur Awards are presented annually by the Northern Colorado Business Journal to celebrate entrepreneurs who have founded or nurtured companies to success in the northern Colorado region.

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 .