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Unique Mobility, Inc. Announces New Orders

14 August 1998

Unique Mobility, Inc. Announces $3.1 Million in New Orders for Its Recently-Acquired Franklin Manufacturing Unit

    GOLDEN, Colo., Aug. 14 -- Unique Mobility, Inc. (Amex: UQM)
today announced that its Franklin Manufacturing subsidiary has received new
orders totaling $3.1 million in annual revenue.
    Franklin was acquired by Unique in April 1998 as a fast growing
manufacturer of printed circuit board assemblies, wire harnesses and
electronic assemblies.
    One of Franklin's regular customers, a first tier automotive supplier, has
placed new orders totaling $1.8 million for 500,000 sets of four printed
circuit board assemblies.  Production is scheduled to begin in October 1998.
Another of Franklin's customers, a major manufacturer of off-highway
equipment, has selected Franklin to supply complete operator consoles for
their next generation product line.  This order is valued at $1.3 million per
year with production scheduled to begin in December 1998.
    "These new orders confirm our confidence in the growth strategy that
Franklin has in place," said William G. Rankin, Unique's President and Chief
Operating Officer.  "Franklin continues to experience strong demand, both from
existing and new customers, for its demonstrated capability as a high quality,
low cost and reliable manufacturer of printed circuit board assemblies."
    "This new business represents a significant expansion in the breadth and
volume of our manufacturing activities for two of our key customers," said
Michael G. Franklin, President of Franklin Manufacturing.  "These orders more
than double our business with them and will increase total revenue by a third.
It is an example of how our customers look to us to provide engineering
services, higher value added products and to fill the role as their lead
electronic assembly supplier."
    Unique Mobility, Inc., is a leading developer and manufacturer of power
dense, high efficiency motors, gear assemblies and electronic assemblies for
the aerospace, telecommunications, automotive, medical and industrial markets.
The Company's corporate headquarters and engineering and product development
center are located in Golden, Colorado.  Manufacturing facilities are located
at Frederick, Colorado (motors and gears) and St. Charles, Missouri
(electronic assemblies).
    This release may contain forward-looking statements that involve risks and
uncertainties.  These statements may differ materially from actual future
events or results.  Readers are referred to the Risk Factors section of the
Registration Statement on Form S-3 (File No. 333-52861) filed by Unique with
the SEC, which identifies important risk factors that could cause actual
results to differ from those contained in the forward-looking statements,
including Unique's history of operating losses, its ability to obtain
additional financing, competition, the Company's ability to integrate acquired
businesses into existing operations, Unique's ability to protect its
proprietary information, and Unique's limited experience in manufacturing
processes and procedures and marketing and distribution.