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Unique Mobility's Power Products Unit Receives $1.6 Million Order for Aerospace Gears From Honeywell

9 January 2001

Unique Mobility's Power Products Unit Receives $1.6 Million Order for Aerospace Gears From Honeywell

    GOLDEN, Colo., Jan. 9 Unique Mobility, Inc. (Amex: UQM), a
developer of alternative energy technologies, announced today that its UQM
Power Products unit has received an order from Honeywell Space Systems in
Phoenix, Arizona of $1.6 million for the production of aerospace gear sets.
Deliveries under the order will run through March 2002.
    UQM Power Products manufactures high quality gears, gear sets and
transmission assemblies for the aerospace and automotive markets and motors
for the health care industry.
    William G. Rankin, Unique's President and Chief Executive Officer said,
"We are extremely pleased that a major player in the space systems community,
Honeywell Space Systems, has selected us to manufacture such critical parts
for their stabilized gyroscopic platform.  We are keenly aware of the
responsibility necessary for the success of the program and consider this
contract to be a compliment to the expertise that we bring to the aerospace
gear market."
    Unique Mobility, Inc. is a leading developer and manufacturer of power
dense, high efficiency motors, gear assemblies and electronic assemblies for
the automotive, aerospace, telecommunications, medical and industrial markets.
A major emphasis of the company is developing products for the alternative
energy technologies sector including power systems for electric, hybrid
electric and fuel cell electric vehicles, 42 volt vehicle auxiliaries and
distributed power applications.  The company's headquarters and engineering
and product development center are 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).  For more information on the company, please visit its worldwide
Web site at http://www.uqm.com.

    This press release contains 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 be profitable, its ability to obtain
additional financing, the Company's reliance on major customers and suppliers
and the possibility that product liability insurance may become unavailable.
These forward-looking statements represent the Company's judgment as of the
date of the press release.  The Company disclaims, however, any intent or
obligation to update these forward-looking statements.