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UNIQUE MOBILITY ANNOUNCES FISCAL 1991 RESULTS

 UNIQUE MOBILITY ANNOUNCES FISCAL 1991 RESULTS
 DENVER, Feb. 4 /PRNewswire/ -- Unique Mobility Inc. (OTC)


announced today operating results for the year ended Oct. 31, 1991. The company reported an operating loss for the year of $606,735 or 13 cents per share on total revenue of $3,530,302 versus net earnings of $81,134 or 2 cents per share on total revenue of $3,987,816 for fiscal 1990.
 According to Ray A. Geddes, chairman and chief executive officer, fiscal 1991 was an eventful year for Unique Mobility. "We made a significant internal investment in our proprietary electric motor technology and expended considerable resources in the development of strategic alliances with technology partners," Geddes said. "While these efforts contributed to operating losses during the year, the company's financial condition and liquidity improved dramatically due to the conversion of all debt obligations of Alcan Aluminium Ltd. into equity and the successful completion of a secondary public offering last October."
 Unique is an Englewood, Colo. based engineering concern active in the design and development of high power density electric motors and related electronic controls for automotive, aerospace and general industrial applications.
 -0- 2/4/92
 /CONTACT: Ray A. Geddes or Donald A. French both of Unique Mobility, 303-761-2137/ CO: Unique Mobility Inc. ST: Colorado IN: CPR SU: ERN


MC -- DV006 -- 6766 02/04/92 13:57 EST
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Publication:PR Newswire
Date:Feb 4, 1992
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