UQM UQM Technologies Inc

UQM Technologies Receives Contract From the U.S. Navy for Development of an Onboard Generator for Small Unmanned Military Boats FREDERICK, Colo., Nov. 16 /PRNewswire-FirstCall/ -- UQM TECHNOLOGIES, INC. (AMEX:UQM), a developer of alternative energy technologies, announced today that it has received a contract from the U.S. Navy to design a diesel driven compact lightweight generator for use on small unmanned military boats. The UQM(R) generator will have an output of 40 kW and be used to support the higher electric power requirements of command and control equipment required by unmanned watercraft. The $70,000 Phase I contract was awarded by the Naval Sea Logistics Center under the Small Business Innovation Research program and will be performed over a period of six months. "Unmanned watercraft require more on-board power to run the additional electronic equipment necessary to operate the boat from a remote location. The unmanned watercraft under development are based on seven and eleven meter rigid hull inflatable boat platforms that have limited weight and space availability for power generation equipment making this application ideal for a UQM(R) generator system," said Jon Lutz, UQM Technologies' Director of Engineering. 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 8-K filed October 25, 2004 which is available through our website at http://www.uqm.com/ or at http://www.sec.gov/. DATASOURCE: UQM Technologies, Inc. CONTACT: John Baldiserra of BPC Financial Marketing, +1-800-368-1217, or, Donald A. French of UQM Technologies, Inc., +1-303-278-2002 Web site: http://www.uqm.com/

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