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Unique Mobility Appoints Banchik & Associates as Investor Relations Counsel

8 January 1998

Unique Mobility Appoints Banchik & Associates as Investor Relations Counsel

    GOLDEN, Colo., Jan. 8 -- Unique Mobility, Inc. (Amex: UQM),
one of the leading worldwide developers of energy efficient, electric and
hybrid electric vehicle systems, today announced the appointment of Banchik &
Associates as investor relations counsel. Banchik & Associates is a Southern
California-based investor relations consulting firm, specializing in the
requirements of emerging public companies.  Doris Banchik, the firm's
principal, is a seasoned investor relations consultant, having provided
counsel to a broad range of clients across the United States. As a former
sell-side equity analyst and executive at two publicly traded companies, Ms.
Banchik has proven uniquely qualified to assist new and undiscovered public
companies find efficient markets for their securities. Her clients have
represented some of the leading emerging growth industries, including
technology, biotechnology, health care and technology-based entertainment.
    In commenting on this appointment, Ray A. Geddes, Chairman and Chief
Executive Officer, said, "We are very pleased to have retained Banchik &
Associates to assist us in maximizing our exposure within the investment
community and achieving an efficient market-driven valuation for our
securities. As we make the transition from a research and development to a
growth-oriented, operating company, we believe that the market for our
securities should expand and our valuation should better reflect the
commercial opportunities at our doorstep. Banchik & Associates has the
experience, relationships and track record to help us reach the right segments
of the market with a powerful story."
    Unique Mobility, Inc. is one of the world's leading developers of energy
efficient electric and hybrid electric vehicle systems. It is a Golden,
Colorado-based engineering concern and manufacturer of high efficiency
permanent magnet motors and controls for automotive, aerospace, healthcare and
industrial applications. For more Company information, please visit our world
wide web site at http://www.uqm.com.
    This release contains forward-looking statements that involve risks and
uncertainties.  The Company's actual results could differ materially from
those discussed in this release.  Factors that could cause or contribute to
such differences include, but are not limited to, those discussed in the
Company's Registration Statement on Form S-3 (file no. 23843).  These forward-
looking statements represent the Company's judgment as of the date of this
release.  The Company disclaims, however, any intent or obligation to update
these forward-looking statements.

SOURCE  Unique Mobility, Inc.