October 20, 2008 08:30 AM Eastern Time 

RUF Automobile GmbH Introduces All-Electric Sports Car Powered by UQM® Propulsion System

FREDERICK, Colo.--(BUSINESS WIRE)--UQM TECHNOLOGIES, INC. (NYSE Alternext US: UQM), a developer of alternative energy technologies, announced today that the recently introduced eRUF all-electric sports car is being powered by a UQM® PowerPhase® 150 electric propulsion system. The eRUF all-electric sports car is being developed by RUF Automobile GmbH, an internationally known manufacturer of high-performance automobiles and producer of the renowned CTR-series of sports cars.

“The UQM® electric propulsion system in the eRUF Model A puts many conventional combustion engines to shame, producing a maximum 650 Nm of torque output which rips into the drive shaft so impressively during acceleration, that one is immediately reminded of the extremely powerful RUF Rt 12”

The eRUF all-electric sports car, designated the eRUF Model A, accelerates from zero to 100 kilometers per hour in under seven seconds and has a top speed of 225 kilometers per hour. Estimated range per charge is 250 kilometers to 320 kilometers, depending on performance level, using Axeon plc iron-phosphate, lithium-ion batteries.

“The UQM® electric propulsion system in the eRUF Model A puts many conventional combustion engines to shame, producing a maximum 650 Nm of torque output which rips into the drive shaft so impressively during acceleration, that one is immediately reminded of the extremely powerful RUF Rt 12,” said Alois Ruf Jr., owner and CEO of RUF Automobile GmbH.

“We are pleased that RUF Automobile has selected our powerful PowerPhase® 150 propulsion system to deliver the exceptional performance its customers expect from a RUF sports car,” said William G. Rankin, UQM Technologies’ President and Chief Executive Officer. “We are excited to be part of the first electrically powered sports car from Germany.”

RUF Automobile GmbH is a producer of high-performance vehicles, specializing in manufacturing new RUF automobiles from the bare chassis of Porsche cars to RUF specifications. For more than 60 years, the name of RUF has been associated with the automotive industry and has meant quality and craftsmanship. For more information on the Company, please visit its worldwide website at www.ruf-automobile.de.

UQM Technologies, Inc. is a developer and manufacturer of power-dense, high-efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, medical, military and industrial markets. A major emphasis of the Company is developing products for the alternative energy technologies sector including propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles, under-the-hood power accessories and other vehicle auxiliaries and distributed power generation applications. The Company's headquarters, engineering and product development center, and motor manufacturing operation are located in Frederick, Colorado. For more information on the Company, please visit its worldwide website at 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 officers and directors with respect to, among other things, the development of markets for our products and the adequacy of our cash balances and liquidity to meet future operating needs. Important Risk Factors that could cause actual results to differ from those contained in the forward-looking statements are contained in our Form 10-Q filed July 31, 2008, which is available through our website at www.uqm.com or at www.sec.gov.