Donald A. French, UQM Technologies CFO, to Discuss Company and Marketplace Opportunities at Stifel Nicolaus Cleantech Conference

UQM Technologies, Inc. (NYSE Amex:UQM) continues its participation in prominent investor and technical conferences, detailing the latest developments at the company and providing updates on its opportunities in the growing market for clean vehicle components. Mr. French’s presentation at the Stifel Nicolaus Cleantech Conference will be on Tuesday, May 24, 2011 at 11:25 a.m. Eastern Time, at the Omni Berkshire Place Hotel in New York City. The conference is organized to provide perspective and insight for investors about clean technology companies and the growing market for their innovative products.

“We are building on our past business relationships and adding companies such as Audi, Saab and Rolls-Royce to the list of electric propulsion system customers,” said Mr. French. “At the Stifel Nicolaus Cleantech Conference, I’ll share specifics of how we are preparing our organization to grow in the dynamic marketplace for clean vehicle technologies.”

UQM has 40,000 units of annual production capacity for its PowerPhase Pro® 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 electric propulsion systems are also powering the Saab 9-3 ePower and Audi A-1 e-tron pre-production test fleets, and a UQM PowerPhase® propulsion system was recently selected by Rolls-Royce to power its 102EX Electric Phantom.

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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