Market Overview

UQM Technologies Announces It is Establishing a Customer Service Center in Shanghai, China

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  • UQM is establishing its China service center to support growing
    business and customers in China, with the near term focus on support
    of the fuel cell compressor system business.
  • The facility will allow UQM to provide quick turnaround for service
    and spare parts and eventually assemble fuel cell compressor systems
    on site.
  • The growing fuel cell market in China is driving the need for UQM's
    first regional service center in that country.
  • The establishment of a physical UQM presence in China is consistent
    with management's long-held overall growth strategy.

UQM Technologies, Inc. (NYSE:UQM) announced today that
it has signed a lease agreement in Shanghai, China to open a customer
service center for both its fuel cell compressor systems and propulsions
systems. The facility will allow UQM to provide quick turnaround for
service and spare parts to UQM's customers, and eventually assemble the
fuel cell compressor systems in that region.

UQM has seen dramatic growth in its fuel cell compressor systems,
particularly in China where the fuel cell market is expanding quickly.
As the company has previously announced, China is at the beginning of
developing fuel cell vehicles and fueling infrastructure, and by 2020
plans to have 10,000 fuel cell vehicles on the road with the
infrastructure to support the growth.

The UQM fuel cell compressor system includes the UQM power dense
permanent magnet motor and controller, and the EATON compressor
technology. This compressor system is becoming well known in the market
for its large efficiency window, high reliability, and low total cost of
ownership.

With the establishment of a physical location in Shanghai, UQM will now
begin the process of creating a wholly-foreign-owned-entity ("WFOE") in
China. In alignment with management's overall long-term strategy, the
WFOE will support UQM's other main undertakings in China, including the
joint venture with China National Heavy Duty Truck Co., Ltd., and
sourcing and purchasing key components.

UQM CEO Joseph Mitchell said, "We are very pleased to see the expansion
of our fuel cell compressor business, and the opening of a service
center in China is the next step in solidifying our position as a leader
in this market. With our proven technology, and now our local presence
established in China, we are continuing to execute on our strategy for
global growth."

About UQM

UQM Technologies is a developer and manufacturer of power-dense,
high-efficiency electric motors, generators, power electronic
controllers and fuel cell compressors 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 IATF
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.com
or at www.sec.gov.

Source: UQM Technologies, Inc.

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