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uqm 4.19 UQM Technologies Receives Follow-On Contract From the U.S. Army to Continue Development of Advanced Vehicle Propulsion Motor
Jun 26, 2007 8:30:00 AM

FREDERICK, Colo., June 26 /PRNewswire-FirstCall/ -- UQM TECHNOLOGIES, INC. (Amex: UQM), a developer of alternative energy technologies, announced today that it has received a follow-on contract from the U.S. Army's Tank - Automotive and Armaments Command (TACOM) to continue the development of an advanced vehicle propulsion motor for application as a wheel mounted electric propulsion system. The ten month development effort will focus on refinements to the assembly process and design improvements to the proprietary permanent magnet electric concept motor that has demonstrated the potential to triple the torque capability of existing UQM(R) propulsion motors. Army funding for the cost-share project is $244,608 or 77 percent of the total effort.

"The proof of concept motor built and tested in the initial phase of this program validated the enhanced performance capability of this new proprietary propulsion system design. This contract will allow us to develop a number of design enhancements to the proof-of-concept propulsion system which we believe will lead to improved performance and ease of construction. This program is focused on expanding the ability of our permanent magnet propulsion motors to deliver higher levels of torque and power in a small package which is critical to the success of wheel motors for large military vehicles that are candidates for hybrid electric propulsion," said William G. Rankin, UQM Technologies' President and Chief Executive Officer. "We expect through this development program and our other ongoing development activities, to continue to expand the performance capabilities of our proprietary permanent magnet propulsion systems technology to meet this industry requirement."

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 http://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-K filed May 17, 2007, which is available through our website at http://www.uqm.com or at http://www.sec.gov.

SOURCE UQM Technologies, Inc.

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John Baldiserra of BPC Financial Marketing
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or Donald A. French of UQM Technologies
Inc.
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