UQM Technologies CEO Eric Ridenour to Present Strategies to Reduce Global Carbon Emissions at Needham Clean Technology Confer...

UQM Technologies, Inc. (NYSE Amex: UQM) Chief Executive Officer, Eric R. Ridenour, will present the UQM solutions to reduce global carbon emissions and market opportunities for electrification at the Second Annual Needham Clean Technology Conference in New York City, May 17, 2011.

“The marketplace is rapidly embracing the benefits and capabilities of electric vehicles, creating opportunities for the growth and expansion of products engineered and manufactured by UQM,” said Mr. Ridenour, President and CEO of UQM Technologies, Inc. “I’m looking forward to sharing how our business strategy and years of experience in electric product development can help to reduce global carbon emissions at the Needham Clean Technology Conference.”

Mr. Ridenour’s presentation at the conference will be on Tuesday, May 17, 2011. The Second Annual Needham Clean Technology Conference presents pivotal companies involved in the various aspects of clean tech. Investors at the conference will have a chance to hear from the top executives of companies to learn more about their green innovation efforts, growth strategies and market opportunities.

UQM Technologies electric propulsion systems are powering the Saab 9-3 ePower and Audi A-1 e-tron pre-production test fleets, and the UQM PowerPhase® propulsion system was recently selected by Rolls-Royce to power its 102EX Electric Phantom, introduced at the 2011 Geneva Motor Show.

UQM has 40,000 units of annual production capacity for its PowerPhase electric propulsion systems to support the commercial launch of CODA Automotive and other customer vehicles. In the larger vehicle market, UQM is powering Proterra’s electric and hybrid electric composite transit buses, and Electric Vehicles International’s all-electric medium-duty truck and walk-in van.

UQM Technologies 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 for UQM 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. UQM headquarters, engineering, product development center and manufacturing operation are located in Longmont, Colorado.

Please visit www.uqm.com for more information.

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, orders to be received under our supply agreement with CODA Automotive, our ability to successfully expand our manufacturing facilities, 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-Q filed February 1, 2011, which is available through our website at www.uqm.com or at www.sec.gov .

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