UQM UQM Technologies Inc

UQM Technologies Announces Order for Propulsion Systems to Power Additional 'Spinner' Hybrid Electric Unmanned Ground Combat Vehicles Two Additional Hybrid Electric UGCV's to Be Built by Carnegie-Mellon Led Team Under a Follow-on Contract From DARPA; Each Unmanned Robotic Combat Vehicle With Advanced Endurance, Obstacle Negotiation and Transportability Powered by Six UQM(R) High Torque Wheel Mounted Propulsion Systems and a UQM(R) PowerPhase(R) Generator FREDERICK, Colo., Aug. 12 /PRNewswire-FirstCall/ -- UQM TECHNOLOGIES, INC. (AMEX:UQM), a developer of alternative energy technologies, announced today that it has received a $314,000 order for UQM(R) high torque propulsion systems and generators that will power two additional "Spinner" hybrid electric unmanned ground combat vehicles being built by a team led by the National Robotics Engineering Consortium, a unit of Carnegie Mellon University's Robotics Institute. The two additional Unmanned Ground Combat Vehicles (UGCV's) will be powered by specially developed high torque wheel mounted UQM(R) propulsion motors that operate utilizing energy produced by a UQM(R) generator mounted on a small diesel engine. The UGCV platform is an Advanced Technology Demonstrator (ATD) that complements the Army's Future Combat System (FCS) networked system environment of manned and unmanned ground and airborne weapon systems with superior levels of mobility and reduced logistic needs. Commenting on the award, UQM Technologies' President and Chief Executive Officer, William G. Rankin, said, "We are pleased to receive this additional order for our high torque propulsion motors and PowerPhase(R) generators which were specially developed to meet the demanding requirements of this incredibly mobile vehicle platform. The UQM(R) propulsion motors deliver peak torque of 380 Nm, which allows this 6.5 ton vehicle to climb stationary obstacles 3 1/2 feet in height, navigate ditches over 5 feet wide and deliver their rated peak torque in either a forward or reverse direction on demand. The ability of our propulsion motors to perform when mounted directly in the wheels of a vehicle, where they experience extremely high loads due to shock and vibration, once again demonstrates the durability of our propulsion systems in the most rugged and demanding operating environments." John Bares, the program's Principal Investigator at Carnegie Mellon said, "We have been thrilled with the consistent performance of the UQM(R) motors and solid customer support offered by UQM Technologies. We communicate with the motors on our vehicle network and are able to readily change parametric settings and control schemes. The UQM(R) motors and company support are a core reason for Spinner's excellent mobility characteristics." 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 for the quarter ended June 30, 2004 and is available through our website at http://www.uqm.com/ or at http://www.sec.gov/. DATASOURCE: UQM Technologies, Inc. CONTACT: Donald A. French, Treasurer of UQM Technologies, Inc., +1-303-278-2002 Web site: http://www.uqm.com/

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