Press Release 08-16
   
UQM Technologies, Inc.
 7501 Miller Drive
Frederick, CO 80530
Contact:
John Baldiserra
BPC Financial Marketing
(800) 368-1217
    or
Donald A. French, Treasurer
(303) 278-2002
  

 UQM Technologies Receives U.S. Navy Contract to
Develop Advanced Electric Motor
 
 

FREDERICK, COLORADO, SEPTEMBER 24, 2007 ... UQM TECHNOLOGIES, INC. (AMEX:UQM), a developer of alternative energy technologies, announced today that it has received a $100,000 contract from the U.S. Navy under the Small Business Innovation Research Program to develop an advanced electric motor that substantially improves the torque density, power density and efficiency over that currently available.  The project is focused on developing compact high torque variable speed motors for the wide range of propulsion and power generation requirements of the Navy’s vehicles and fleets.
 
“This project will explore the potential of an innovative motor design that combines the torque production of both permanent magnet and reluctance motor technologies,” said Jon Lutz, UQM Technologies’ Vice President of Technology.  “Through a novel motor geometry, we hope to maximize both the torque and speed output of the motor and expand the output speed range beyond that of our currently available industry-leading technology.”

UQM Technologies, Inc. is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, medical, military and industrial markets. A major emphasis of the Company is developing products for the alternative energy technologies sector including propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles, under-the-hood power accessories and other vehicle auxiliaries and distributed power generation applications. The Company's headquarters, engineering and product development center, and motor manufacturing operation are located in Frederick, Colorado. For more information on the Company, please visit its worldwide website at www.uqm.com.
 

This Release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. These statements appear in a number of places in this Release and include statements regarding our plans, beliefs or current expectations, including those plans, beliefs and expectations of our officers and directors with respect to, among other things the development of markets for our products and the adequacy of our cash balances and liquidity to meet future operating needs.  Important Risk Factors that could cause actual results to differ from those contained in the forward-looking statements are contained in our Form 10-Q  filed July 26, 2007, which is available through our website at www.uqm.com or at www.sec.gov.
 

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Last Update: 09/24/07