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UNIQUE MOBILITY ANNOUNCES FISCAL 1992 RESULTS

 GOLDEN, Colo., Feb. 4 /PRNewswire/ -- Unique Mobility Inc. (AMEX: UQM.EC) announced today operating results for the year ended Oct. 31, 1992. The company reported an operating loss for the year of $2,217,207, or $0.33 per share, on total revenue of $2,859,945 vs. a net loss of $606,735, or $0.13 per share, on total revenue of $3,530,302 for fiscal 1991.
 According to Ray A. Geddes, chairman and chief executive officer, operating results for fiscal 1992 were essentially on plan.
 "We see a huge potential for our proprietary electric traction system in the emerging market for alternative transportation," said Geddes. "During the past year, we took several important steps to position the company to compete globally in this new sector of the automotive industry. These steps included an accelerated investment in R&D, the development of new motor manufacturing processes, the acquisition of new facilities and the formation of strategic partnerships to commercialize our technology.
 "While these efforts contributed to operating losses during the year," Geddes added, "the company's financial condition and liquidity improved dramatically due to the successful completion of a secondary public offering last November."
 Unique is a Golden-based engineering concern and manufacturer of high power permanent magnet motors and electronic controls for automotive, aerospace and general industrial applications. Unique's stock trades on the Emerging Company Marketplace of the American Stock Exchange.
 UNIQUE MOBILITY INC.
 Financial Highlights
 Year ended Oct. 31,
 1992 1991
 Revenue:
 Contract services $2,774,578 $3,417,915
 Other 85,367 112,387
 Costs and Expenses:
 Costs relating to contract services 2,256,163 2,431,477
 Research and development 1,241,568 301,476
 General and administrative 1,316,829 1,290,338
 Other 262,592 113,746
 Net loss ($2,217,207) ($606,735)
 Loss per common share ($.33) ($.13)
 Weighted average number of shares of
 common stock outstanding 6,806,079 4,528,953
 -0- 2/4/93
 /CONTACT: Ray A. Geddes, chairman, or Donald A. French, treasurer, of Unique Mobility, 303-278-2002/
 (UQM.EC)


CO: Unique Mobility Inc. ST: Colorado IN: SU: ERN

KJ-JB -- LA015 -- 2792 02/04/93 09:07 EST
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Publication:PR Newswire
Date:Feb 4, 1993
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