UQM Technologies Names Josh M. Ley as Vice President of Engineering

UQM Technologies Inc. (NYSE MKT: UQM) today announced that Josh M. Ley has been promoted to the position of Vice President of Engineering, reporting directly to the CEO. In this role, Mr. Ley will oversee all technology and R&D functions and will join the executive leadership team of the company. Mr. Ley has over 20 years of engineering experience specifically related to electric motor design.

“Josh has in-depth technical expertise, product knowledge, leadership skills and has experience with customer outreach which makes him an excellent choice to lead our technical team,” said Eric R. Ridenour, President and Chief Executive Officer of UQM Technologies, Inc. “UQM has a very strong technical organization with a very deep bench which gave us several options and allowed us to promote from within.”

Mr. Ley joined UQM as an intern in 1994. He became a full-time Motor Design Engineer in 1998, and most recently served as Manager of Motor Design Engineering. Mr. Ley has Bachelor of Science degrees in both mechanical and electrical engineering from Kettering University, and a MBA from Colorado State University.

About UQM

UQM Technologies is a developer and manufacturer of power-dense, high-efficiency electric motors, generators and power electronic controllers for the commercial truck, bus, automotive, marine, military and industrial markets. A major emphasis for UQM is developing propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles. UQM is TS 16949 and ISO 14001 certified and located in Longmont, Colorado.

For more information, please visit 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 management with respect to, among other things, gaining required certifications, new product developments, future orders to be received from our customers, sales of products from inventory, future financial results, liquidity, and the continued growth of the electric-powered vehicle industry. Important Risk Factors that could cause actual results to differ from those contained in the forward-looking statements are contained in our Form 10-K and Form 10-Q’s, which are available through our website at www.uqm.comor at www.sec.gov.