Hybrid Electric Shuttle Bus Powered by a UQM(R) Propulsion System and Generator Under Test

FREDERICK, Colo., April 19 -- UQM TECHNOLOGIES, INC. (AMEX:UQM) , a developer of alternative energy technologies, announced today that a tier one supplier to automotive companies worldwide, is testing a hybrid electric StarTrans Senator Series shuttle bus converted by Transportation Techniques, LLC ("TransTeq") and powered by a UQM(R) permanent magnet propulsion system and generator. The UQM(R) propulsion system has been integrated into the driveline on a Ford E450 chassis manufactured by the Tier one automotive supplier to enhance the vehicle's power delivery, performance and fuel efficiency.

One of the primary markets for the StarTrans shuttle bus is as an airport shuttle transporting passengers and their luggage to and from rental car agencies and hotels. The bus has a capacity of 15 passengers plus their luggage. Airport shuttle vehicles are currently a source of pollution at airports as they sit idling, waiting for passengers -- often in enclosed, or partially enclosed, areas. Preliminary performance data from TransTeq indicates that the series hybrid electric shuttle bus, which has an all-electric operating range of 10 miles, improves city and highway fuel economy by 200% and 145%, and accelerates from 0-50 m.p.h. at the same rate as the conventional diesel engine powered vehicle.

"We are pleased that TransTeq has selected our power dense and highly efficient propulsion system and generator for use in their hybrid electric shuttle bus conversion project," said William G. Rankin, President and Chief Executive Officer of UQM Technologies, Inc. "The StarTrans Senator Series shuttle bus is a popular shuttle bus with many fleet operators and the additional fuel economy available from a hybrid powerplant, together with its ability to operate in all-electric mode, should expand the vehicle's appeal with a wide-array of fleet operators."

"We are pleased to once again have the opportunity to collaborate with UQM Technologies on a hybrid vehicle platform that we believe has great market appeal. The performance and efficiency of the UQM(R) systems has allowed us to achieve or exceed all of our performance objectives," said Paul Szilagyi, CEO of TransTeq.

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 www.uqm.com.

TransTeq, located in Denver, Colorado, uses patented hybrid technology to design, and develop advanced, environmentally superior, hybrid electric vehicles. TransTeq's fleet of 36 hybrid electric EcoMark buses serves 60,000 passengers daily in downtown Denver, was the first hybrid electric vehicle to complete Federal Transit Administration testing and has been serving passengers since July 1999. For more information on the Company, please visit its worldwide website at www.transteq.com.