July 9th

UQM Technologies Announces Fiscal First Quarter Electric and Hybrid Electric Vehicle Propulsion System Orders of $2.62 Million

UQM TECHNOLOGIES, INC. (AMEX:UQM), a developer of alternative energy technologies, announced today that it received vehicle propulsion system orders during the fiscal first quarter of $2.62 million. The orders are for propulsion motors, generators and power electronic controllers to drive both electric and hybrid electric over-the-road vehicles. Deliveries under the orders began during the fiscal first quarter ended June 30, 2008 and will continue through December 2008. These orders are more than double the comparable orders received during the first quarter last fiscal year and exceed the sales value of like hardware for all of last fiscal year. “We continue to see growing interest in our technology and products in a variety of applications and markets driven by high fuel prices and the resulting demand by consumers for fuel-efficient vehicles,” said William G. Rankin, UQM Technologies’ President and Chief Executive Officer. “The increase in orders for this portion of our business during the first quarter exceeded our expectations and is expected to continue. These orders consist of increased system purchases by existing customers as well as from a growing number of new customers selecting our products for their electric and hybrid electric vehicle programs.”

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 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-K, filed May 22, 2008, which is available through our website at www.uqm.com or at www.sec.gov.

UQM Technologies, Inc.
Donald A. French, 303-278-2002
or
BPC Financial Marketing
John Baldiserra, 800-368-1217