Attendees at UQM Technologies Annual Shareholders Meeting to Experience the Exhilarating Performance of an All-Electric Phoenix Motorcars Sport Utility Truck at Ride and Drive Event.

FREDERICK, Colo. -- UQM TECHNOLOGIES, INC. (AMEX: UQM), a developer of alternative energy technologies, announced today that shareholders and other attendees at its annual meeting of shareholders will have an opportunity to experience the exhilarating performance of the all-electric Phoenix Sport Utility Truck, propelled by a UQM[R] PowerPhase 100kW electric propulsion system, during a ride and drive event. The ride and drive will begin following the meeting which is being held at the Renaissance Suites at Flatiron, 500 Flatiron Boulevard, Broomfield, Colorado 80021, beginning at 10:00 a.m. on August 22, 2007.

The Phoenix all-electric SUT accelerates from 0 to 60 miles per hour in less than 10 seconds, has a top speed of 100 miles per hour. The vehicle's 35kWh NanoSafe[TM] battery pack supplied by Altair Nanotechnologies, Inc. (NASDAQ: ALTI) which can be recharged in less than 10 minutes. The vehicle, which is expected to qualify as a Type III ZEV in California, will travel up to 135 miles between charges in a typical fleet duty cycle.

"We are pleased to offer our shareholders the opportunity to experience the exceptional performance of the all-electric Phoenix zero emission SUT. The vehicle's exceptional performance is made possible by our high torque and highly efficient propulsion system, and we are pleased to provide attendees the opportunity to experience this performance firsthand," said William G. Rankin, UQM Technologies' President and Chief Executive Officer.

Directions to the meeting are available on our website at www.uqm.com/investor/newsroom.html.

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, plug-in hybrid electric and fuel cell electric vehicles, 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.

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 officers and directors with respect to, among other things the development of markets for our products and the adequacy of our cash balances and liquidity to meet future operating needs. 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 filed July 26, 2007, which is available through our website at www.uqm.com or at www.sec.gov.