UQM Technologies Broadens European Customer Base, Powering First All-Electric Mini Bus in Hungary

UQM Technologies Inc. (NYSE MKT: UQM) continues to increase and broaden its global customer base. UQM PowerPhase^® electric motor and controller systems are being used to power an all-electric mini bus built by Inter Tan-ker Ltd. in Hungary. This is the first all-electric mini bus to be approved for use by the Hungarian National Transport Authority.

"It’s rewarding and exciting to be part of new vehicle segments in emerging markets, and we’re proud to work with Inter Tan-ker on their vehicle test program,” said Eric R. Ridenour, President and Chief Executive Officer of UQM Technologies, Inc. "Our diverse line of electric motors and controllers, as well as our experience in markets around the world, make our systems attractive to global vehicle manufactures.”

The Inter Tan-ker mini bus leverages the high efficiency of the UQM PowerPhase electric motor and controller to help achieve the company’s reported range of nearly 300 kilometers (185 miles). The vehicle is equipped with the PowerPhase HD^® Select 150. UQM has developed and launched several additional new products over the past 12 months dedicated to the commercial vehicle market. These heavy-duty offerings include the PowerPhase HD 220 which is now used in many heavy-duty platforms, the PowerPhase HD 950T system for applications that require increased torque, and the new PowerPhase HD 250 variant that provides solutions for customers that have higher voltage and power requirements.

About Inter Tan-ker Ltd.

Inter Tan-ker Ltd. designs stable, reliable and efficient operating systems for the Hungarian and international transport industry. In designing and developing solutions, the company not only focuses on technologies, but also on those transport systems that meet the ever-growing challenges of society. The company maintains a key role by meeting the various needs of Hungarian and international transport by introducing innovative solutions. For more information about Inter Tan-ker Ltd., please visit

www.itkholding.hu.

About UQM

UQM Technologies is a developer and manufacturer of power-dense, high-efficiency electric motors, generators and power electronic controllers for the commercial truck, bus, automotive, marine and military markets. A major emphasis for UQM is developing propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles. UQM is TS 16949 certified and located in Longmont, Colorado.

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 management with respect to, among other things, new product developments, future orders to be received from our customers, sales of products from inventory, future financial results, liquidity 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-K and Form 10-Qs, which are available through our website at www.uqm.com or at www.sec.gov.