UQM Technologies to Hold Conference Call Thursday, January 27, 2005, 4:30 P.M. Eastern Time FREDERICK, Colo., Jan. 26 /PRNewswire-FirstCall/ -- UQM TECHNOLOGIES, INC. (AMEX:UQM), a developer of alternative energy technologies, will hold a conference call with members of the investment community on Thursday, January 27, 2005, at 4:30 p.m. Eastern Time. To participate in the call dial 1-877-236-1078 approximately 10 minutes before the conference is scheduled to begin. William G. Rankin, UQM Technologies' President and Chief Executive Officer and Donald A. French, Treasurer and Chief Financial Officer, will be reviewing the Company's operating results for the quarter and nine months ended December 31, 2004. For anyone who is unable to participate in the conference, access to a recording will be available for 48 hours following the call. Dial 1-800-938-1584 to access the playback. International callers should dial 1-402-220-1542. Please allow four hours from the time of the conference call for initial setup before access. 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, 42-volt 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 press 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 press 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. 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 November 9, 2004 and is available through our website at http://www.uqm.com/ or at http://www.sec.gov/. DATASOURCE: UQM Technologies, Inc. CONTACT: John Baldissera of BPC Financial Marketing, +1-800-368-1217, for UQM Technologies, Inc.; or Donald A. French of UQM Technologies, Inc., +1-303-278-2002 Web site: http://www.uqm.com/

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