BALLARD ORDERS MORE UQM FUEL CELL COMPRESSOR DRIVE MOTORS.

UQM Technologies, Inc. (AMEX:UQM), Frederick, Colo., a developer of alternative energy technologies, has received an order from Ballard Power Systems for additional fuel cell compressor drive motors. The company has been supplying its custom designed motors to Ballard since early 2001 for use in its fuel cell engines.

Proton exchange membrane fuel cells manufactured by Ballard combine hydrogen fuel with oxygen from air to create electricity without combustion. A compressor driven by an electric motor powers and controls the delivery of compressed air within the fuel cell and consumes a portion of the electricity produced by the fuel cell. Improvements in the efficiency of fuel cell auxiliary systems improve the overall energy efficiency of the fuel cell engine and the automobiles that are powered by them. UQM(R) motors are compact and highly efficient and this particular design application has been optimized to meet the specific operating requirements of Ballard(R) fuel cell engines.

Ballard(R) fuel cell engines have been placed in service in a variety of technology demonstration vehicles from DaimlerChrysler, Ford and Nissan. These fuel cell vehicles are providing Ballard with invaluable learnings in its effort to achieve its targets for durability, reliability, cost and performance.

Commenting on the latest order, William G. Rankin, president and CEO of UQM Technologies, Inc., said, "Ballard continues to expand the deployment of its fuel cell engine for automotive fuel cell applications. Fuel cells are continuing to gain interest as a promising solution to our country's dependence on foreign oil, and we expect our participation in this emerging growth market to continue to expand. In particular, fuel cell powered vehicles operate on the electricity generated by the fuel cell requiring components that are now powered by the rotating shaft of an internal combustion engine to be replaced with electric motor driven systems, including the propulsion system and all of the under-the-hood belt, hydraulic and gear driven auxiliaries such as power steering and air conditioning. UQM(R) products are ideally suited for both primary propulsion and the wide range of under-the-hood auxiliary applications envisioned as fuel cell engines become the clean and energy efficient powerplant of the future."

Ballard Power Systems is recognized as the world leader in developing, manufacturing and marketing zero-emission proton exchange membrane fuel cells. Ballard is commercializing fuel cell engines for transportation applications and fuel cell systems for portable and stationary products. Ballard is also commercializing electric drives for fuel cell and other electric vehicles, power conversion products, and is a Tier 1 automotive supplier of friction materials for power train components. Ballard's proprietary technology is enabling automobile, bus, electrical equipment, portable power and stationary product manufacturers to develop environmentally clean products for sale. Ballard is partnering with strong, world-leading companies, including DaimlerChrysler, Ford, EBARA, ALSTOM and FirstEnergy, to commercialize Ballard(R) fuel cells. Ballard has supplied fuel cells to Honda, MGE UPS SYSTEMS INC., Mitsubishi, Nissan and Volkswagen, among others.

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 power systems for battery hybrid 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. Its electronic products manufacturing facility is located in St. Charles, Missouri.

For more information, call 303/278-2002 or visit http://www.uqm.com.