UQM UQM Technologies Inc

UQM Technologies Announces Appointment of Mark A. Henslee to Position of Director Of Manufacturing FREDERICK, Colo., Aug. 31 /PRNewswire-FirstCall/ -- UQM TECHNOLOGIES, INC. (AMEX:UQM), a developer of alternative energy technologies, announced today that it has appointed Mark A. Henslee to the newly created position of Director of Manufacturing. Mr. Henslee will report to Vice President of Operations, Ronald Burton. "We are pleased that Mark has joined our Company in the capacity of Director of Manufacturing where he will be responsible for manufacturing and process engineering activities, concurrent engineering and the execution and launch of production products," said UQM Technologies' Vice President of Operations, Ronald Burton. "Mark has over eighteen years of progressively responsible manufacturing experience in the motor manufacturing industry, most recently as a business unit manager. We believe these technical and industry credentials will allow Mark to be a major contributor in pursuing, winning and executing volume production contracts for our proprietary motor technology." Mr. Henslee's prior manufacturing experience includes seven years with Globe Motor Company, a high volume motor supplier to the automotive, industrial and military markets, in a variety of engineering and engineering management positions, most recently as business unit manager for the automotive and commercial products business unit. Earlier in his career, Mr. Henslee served in a variety of positions with Prestolite Electric Incorporated including General Forman Machining Operations and Supervisor, Production Engineering. Prior to that, Mr. Henslee was employed by Borg-Warner Automotive Control Systems as a production engineer. 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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