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Unique Mobility Completes Acquisition Of Aerocom Industries, Inc.

20 January 1998

Unique Mobility Completes Acquisition Of Aerocom Industries, Inc.

    GOLDEN, Colo., Jan. 20 -- Unique Mobility, Inc.
(Amex: UQM), announced today that on January 16, 1998, it completed the
purchase of all of the outstanding common stock of Aerocom Industries, Inc., a
privately held, Boulder, Colorado based precision gear manufacturer.  The
acquisition price was $3,377,020 consisting of a cash payment of $337,702 and
the issuance of 371,555 shares of Unique's common stock.  In addition, the
Company assumed $1,246,116 of existing Aerocom debt.  The cash portion of the
acquisition price was paid from existing cash balances of the Company.
    Aerocom Industries, Inc. is an established manufacturer of precision gears
for the industrial and aerospace markets.  The acquisition price was
determined based upon the appraised value of Aerocom's assets plus $1.2
million of goodwill and will be accounted for under the purchase method of
accounting.  Unique will provide an additional $500,000 in cash to Aerocom
within thirty days, for application to equipment purchases, facility
construction, and other working capital requirements.  Aerocom is preparing to
begin construction of a new 25,000 square foot factory in Frederick, Colorado.
This new facility, located between Denver and Ft. Collins, will house
Aerocom's gear manufacturing operations and the motor manufacturing operations
of Unique's wholly-owned subsidiary, Unique Power Products.
    The common stock of Aerocom was acquired from Thomas J. Lang, James M.
Buschy, Robert C. Jeffers and Gary P. Morton.
    Unique Mobility, Inc., one of the world's leading developers of energy
efficient electric and hybrid electric vehicle systems, 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.