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Hybrid Kinetic Group Limited Chairman, Dr. Yeung Yung, Discusses the Proposed Investment in UQM Technologies with EnergyTech Investor LLC

July 28, 2016

LONGMONT, Colo.--(BUSINESS WIRE)-- UQM Technologies, Inc. (NYSE MKT: UQM), a developer of alternative energy technologies, today announced that Dr. Yeung Yung, Founder and Chairman of Hybrid Kinetic Group Limited (HKG), was interviewed by EnergyTech Investor, LLC (ETI) regarding the recently-signed definitive stock issuance and purchase agreement with UQM Technologies. Dr. Yeung discusses strategy, near term initiatives and long term goals, the growing electric vehicle market in China and the Company’s vision for the proposed investment in UQM Technologies.

The definitive stock issuance and purchase agreement calls for HKG, through its wholly-owned subsidiary, to purchase newly-issued UQM common shares that will represent 58% of UQM, and 54% on a fully-diluted basis. The proposed investment will bring approximately $48 million in cash to UQM and will provide UQM with a strong strategic partner in Asia, necessary capital to enter the China market, infrastructure to support continuing product development, and operations and access to customers in China.

To read the full interview, please go to:

https://www.uqm.com/files/doc_downloads/link.ETI-HKG_FINAL..DR131PM.pdf

or:

http://www.energytechinvestor.com/companycontent/hkg_management_series

For more information, please visit UQM’s website at www.uqm.com.

About UQM

UQM Technologies is a developer and manufacturer of power-dense, high-efficiency electric motors, generators, power electronic controllers and fuel cell compressors for the commercial truck, bus, automotive, marine, military and industrial markets. A major emphasis for UQM is developing propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles. UQM is TS 16949 and ISO 14001 certified and located in Longmont, Colorado. For more information, please visit www.uqm.com.

About HKG

HKG, a Bermuda incorporated corporation and headquartered in Hong Kong, is principally engaged in the environmental automobile and related business. It is a developer and manufacturer of lithium-ion powered batteries and is in the business of development and manufacturing of electric and hybrid vehicles. HKG was founded by Dr. Yeung Yung. Dr. Yeung was previously the chairman, chief executive officer and president of Brilliance China Automotive Holdings Limited and was also the chairman and president of Shenyang Jinbei Passenger Vehicle Manufacture Co., Ltd. from 1992 to 2002. Dr. Yeung is a well-known, highly successful automotive industrialist with over 18 years’ experience in the automobile industry as well as a pioneering international financier from China.

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 management with respect to, among other things, gaining required certifications, new product developments, future orders to be received from our customers, sales of products from inventory, future financial results, liquidity, and the continued growth of the electric-powered vehicle industry. Important Risk Factors that could cause actual results to differ from those contained in the forward-looking statements are contained in our Form 10-K and Form 10-Q’s, which are available through our website at www.uqm.com or at www.sec.gov.

Source: UQM Technologies, Inc.

Source: UQM Technologies, Inc.

EnergyTech Investor LLC

Shawn Severson, 415-233-7094

or

UQM Technologies, Inc.

David Rosenthal, 303-682-4900

IR Contact

investor@uqm.com

303.682.4900

UQM Technologies Inc
4120 Specialty Pl.
Longmont, Colorado 80504

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sales@uqm.com

303.682.4900

UQM Technologies Inc
4120 Specialty Pl.
Longmont, Colorado 80504