FEV GmbH Selects UQM® Systems for European Vehicle Program

UQM TECHNOLOGIES, INC. (NYSE Amex: UQM), a developer of alternative energy technologies, announced today that FEV GmbH., Aachen, Germany, an internationally recognized powertrain and vehicle engineering company that supplies the global transportation industry, has ordered twelve UQM® PowerPhase® systems for a European vehicle program. Last fiscal year, FEV unveiled a Dodge Caliber-based range extended electric concept vehicle (ReEV) powered by a UQM® PowerPhase® propulsion system and generator at the 2009 SAE World Congress. FEV also recently ordered UQM® PowerPhase® systems for use on dynamometer test stands in its state-of-the-art hybrid electric vehicle test center under construction in Auburn Hills, Mich.

"We have worked with FEV for over two years in applications of our systems for a number of their customers’ vehicle electrification programs. We are pleased that they have again selected UQM® systems for their most recent customers’ vehicle application and also for use in their hybrid vehicle test facility. FEV offers a full range of hybrid vehicle engineering capabilities for their customers and these additional orders serve as an ongoing validation of the exceptional performance capabilities of our electric motor and generator systems and their user-friendly application in a wide range of vehicle types,” said William G. Rankin, UQM Technologies’ President and Chief Executive Officer. "FEV and other vehicle integrators continue to provide a significant marketing channel for our electric propulsion systems into vehicle platforms worldwide and we expect these organizations will have a substantial role in the development and commercialization of electric and hybrid electric vehicles for their automotive customers over the coming years.”

The FEV Group is an internationally recognized powertrain and vehicle engineering company that supplies the global transportation industry. FEV offers a complete range of engineering services, providing support across the globe to customers in the design, analysis, prototyping, powertrain and transmission development, as well as vehicle integration, calibration and homologation for advanced internal combustion gasoline-, diesel-, and alternative-fueled powertrains. FEV also designs, develops and prototypes advanced vehicle / powertrain electronic control systems and hybrid electric engine concepts that address future emission and fuel economy standards. The FEV Test Systems division is a global supplier of advanced test cell, instrumentation and test equipment. The FEV Group employs a staff of over 1,800 highly skilled specialists at advanced technical centers on three continents. FEV, Inc. employs approximately 300 personnel at FEV’s North American Technical Center in Auburn Hills, Mich. For more information on the Company, please visit its website at www.fev.com.

UQM Technologies, Inc. is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, 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. 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, future financial results and revenue growth, orders to be received under our supply agreement with CODA, our ability to successfully expand our manufacturing facilities, the timing and success of the DCAA audit of the Company’s accounting system and release of conditional funds under the DOE award, 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 filed May 24, 2010, which is available through our website at www.uqm.com or at www.sec.gov.