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Unique Mobility Promotes William Rankin to CEO at Annual Meeting

11 August 1999

Unique Mobility Promotes William Rankin to CEO at Annual Meeting

    GOLDEN, Colo., Aug. 11 -- Ray A. Geddes, Chairman of the
Board of Unique Mobility, Inc. (Amex: UQM), informed shareholders attending
the Annual Meeting held here today that President and Chief Operating Officer
William G. Rankin will be named Chief Executive Officer at the Board of
Directors meeting following the shareholders' meeting.  Mr. Geddes, 66, joined
Unique Mobility in 1982 and has been instrumental in establishing Unique as a
world-recognized leader in the field of electric and hybrid electric vehicle
power systems.  More recently he has led the development of a management and
facilities infrastructure and the transition to a manufacturing company from a
research and development stage, a program that has now been successfully
completed.  Mr. Geddes said, "With five consecutive quarters of revenue growth
and last quarter's record EBITDA, Unique is now approaching bottom line
profitability.  My current contract concludes at year-end, and this marks an
excellent transition point for me as well."  Mr. Geddes will continue as
Chairman of the Board and Co-Managing Director of Unique Mobility Europa GmbH.
    Mr. Rankin, 55, joined Unique in 1992, became Executive Vice President -
Operations and a member of the Board of Directors in 1994, and President and
Chief Operating Officer in 1996.  From 1976 through 1992, he held a variety of
management positions with Deere and Company, serving from 1986 through 1992 as
General Manager of Deere Tech Services, a division which developed, installed
and marketed computer integrated manufacturing technologies.
    Mr. Rankin told shareholders that "Unique is now on the threshold of
bottom line profitability and major revenue growth.  We anticipate a strong
second half, during which these trends will become evident.  Our near-term
objectives are to translate this growth into near-term profits, while
continuing our intermediate and longer-term development projects which have
large market applications."
    Shareholders attending the Annual Meeting or voting by proxy re-elected to
the Board Ray A. Geddes, Chairman of Unique Mobility; William G. Rankin,
President, Chief Operating Officer and CEO-elect of Unique; J. B. Richey,
President, Invacare Technologies; Michael G. Franklin, Unique's Vice President
of Electronic Manufacturing, and President of its Franklin manufacturing unit
since 1985; and Dr. Ernest H. Drew, most recently President and Chief
Executive Officer of the Industrial Group of Westinghouse Electric Corporation
until it was sold in 1998.
    Shareholders ratified the appointment of KPMG LLP as independent auditors,
and approved a proposal to increase the number of shares available under the
1992 Stock Option Plan.  Shareholders rejected a proposal to authorize a new
class of preferred stock.
    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 headquarters and engineering and product development center is
located in Golden, Colorado.  Manufacturing facilities are located in
Frederick, Colorado (electric motors and gear assemblies) and St. Charles,
Missouri (electronic assemblies and wire harnesses).

    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. 333-78525) filed by the Company
with the SEC, which identifies important risk factors that could cause actual
results to differ from those contained in the forward-looking statements,
including the Company's ability to obtain additional financing, the Company's
ability to integrate acquired businesses into existing operations, potential
impacts from Year 2000 issues and the possibility that product liability
insurance may become unavailable.  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.