U.S. Department of Energy Extends Term of UQM Technologies American Recovery and Reinvestment Grant to Five Years

UQM Technologies, Inc.

has received a two year extension to the term of its U.S. Department of Energy Grant under the American Recovery and Reinvestment Act to accelerate the deployment of the next generation of electric vehicles. The period of performance for the program has been extended from 3 years to 5 years, extending the scheduled completion date to January 12, 2015. Through March 31, 2012, the Company has qualified for funding under the Grant of $16.9 million.