UQM Technologies PowerPhase® Electric Propulsion System …

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Acura Electric Cars

UQM Technologies PowerPhase® Electric System Powers Saab 9-3 All-Electric Development Test

February 01, 2011 04:20 PM Standard Time

LONGMONT, BUSINESS WIRE )—UQM Inc. (NYSE Amex: . a developer of alternative-energy technologies, has selected by Saab to power its Saab 9-3 ePower development fleet. Initial deliveries in the third calendar quarter of and will continue through CY

“This order from reinforces our ability to meet the quality and cost needs of automobile companies developing and hybrid vehicles,” said Ridenour, President and CEO of UQM Technologies. PowerPhase 135kW systems for are being built on our validated lines with annual of 40,000 systems. These lines are among the many we have taken to fully UQM to grow from test-fleet to production fulfillment.”

The UQM PowerPhase 135 kW electric propulsion will power the 70 Saab 9-3 test fleet vehicles. The 9-3 program is the first step developing a potential Saab vehicle. The PowerPhase 135kW a power-dense 135 kW/181 hp electric and advanced control system. will use our propulsion system a single-speed transmission, and the company has performance estimates of 100 km/hr (62 acceleration in just 8.5 seconds with a top speed of 150 km/h (93

Saab will begin trials of the test fleet in early this year.

“We are forward to working with through its automotive testing and program with our PowerPhase propulsion system,” said “Our history of technological in developing electric propulsion combined with extensive engineering capabilities gives us a advantage in meeting the development and needs of vehicle manufacturers.”

Saab

Saab, or Svenska Aktiebolaget (Swedish Aircraft was founded in 1937 as an aircraft and revealed its first prototype car 10 years later after the of the Saab Car Division. In 1990, Automobile AB was created as a separate jointly owned by the Saab Group and General Motors, and a wholly owned GM subsidiary in In February 2010, Spyker N.V. of the Netherlands, acquired the from GM as an independently-run business.

Saab cars reflect the unique Scandinavian design which is fused with its engineering heritage. The company is a premium car maker with a history of innovation. It is recognized for its role in turbocharging, as well as safety and the introduction of flex-fuel through Saab BioPower.

Proton Electric Cars

Saab Automobile AB currently approximately 3,800 staff in where it operates world-class and technical development facilities at its in Trollhättan, 70 km north of Gothenburg.

visit www.saab.com for more


About UQM Technologies

UQM Technologies is a and manufacturer of power-dense, high-efficiency motors, generators and power controllers for the automotive, aerospace, and industrial markets. A major for UQM is developing products for the alternative-energy sector, including propulsion for electric, hybrid electric, hybrid electric and fuel electric vehicles, under-the-hood accessories and other vehicle UQM headquarters, engineering, product center and manufacturing operation are in Longmont, Colorado.

Please visit www.uqm.com for information.

This Release statements that constitute statements” within the meaning of 27A of the Securities Act and Section 21E of the Securities Act. These statements in a number of places in this and include statements regarding our beliefs or current expectations, those plans, beliefs and of our officers and directors with to, among other things, to be received under our supply with CODA Automotive, our to successfully expand our manufacturing and the continued growth of the electric-powered industry. Important Risk that could cause results to differ from contained in the forward-looking statements are in our Form 10-Q filed which is available through our at www.uqm.com or at www.sec.gov .

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