UQM UQM Technologies Inc

UQM Technologies, Inc. (AMEX:UQM), a developer of alternative energy technologies, announced today that its shareholders will be among the first in the nation to experience electronic delivery of proxy materials for the Company�s upcoming annual shareholders meeting to be held in Broomfield, Colorado, on August 22, 2007. Under new rules recently adopted by the U.S. Securities and Exchange Commission, public companies may elect to deliver proxy materials to their shareholders electronically by making them available online for viewing, downloading and printing. Under the new protocol, shareholders will be mailed a paper copy of a notice of annual meeting which will contain detailed instructions on how to view the Company�s annual report and proxy statement online, if they desire to do so, and how to vote over the internet or by calling a toll free number. The notice also contains instructions on how to obtain printed shareholder materials for those shareholders who would prefer to receive these documents as they have in the past. The notice for the August 22, 2007 annual shareholders meeting is being mailed this week to shareholders of record on July 3, 2007. �We are excited to be one of the first companies in the nation to offer our shareholders the convenience and efficiency of online delivery of shareholder meeting materials and online voting. In addition to reducing the printing and mailing costs incurred by the Company to deliver the required materials to shareholders, electronic delivery allows shareholders to easily access the information they are most interested in through hyperlinked indexes to each document as well as the full text of external documents referenced in the materials such as the Company�s business ethics policy or audit committee charter. And, of course, electronic delivery saves a lot of trees. As a company focused on efficiency and applying advanced technology to existing applications, it makes perfect sense for UQM to be an early adopter of this more efficient and modern shareholder communications approach,� said Donald A. French, UQM Technologies� Treasurer and Chief Financial Officer. 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 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 www.uqm.com or at www.sec.gov.