SWIGZ.COM Pro Racing Electric Motorcycle Takes on Pikes Peak International Hill Climb Powered by UQM Technologies

The SWIGZ.COM Pro Racing team is set to compete in the 89^th Pikes Peak International Hill Climb (www.ppihc.com) with its all-electric motorcycle powered by a UQM Technologies, Inc. (NYSE Amex: UQM) high-performance electric propulsion system.

"We are looking forward to seeing Chip Yates and the SWIGZ.COM Pro Racing team all-electric superbike kick-up some dirt at the Pikes Peak International Hill Climb,” said Eric Ridenour, President and Chief Executive Officer of UQM Technologies. "The SWIGZ.COM all-electric superbike will showcase the exceptional torque delivery and performance of our electric propulsion systems for thousands of race fans at this classic racing venue.”

The SWIGZ.COM Pro Racing all-electric motorcycle will be ridden by extreme electric vehicle designer and professional motorcycle racer, Chip Yates, who designed the motorcycle and has modified it specifically for this event.

"This has to be the most extreme racing spectacle in the United States,” said Yates. "Fans literally line the edge of the closed public road standing shoulder to shoulder just feet away from the racecars and motorcycles flying by like at European rally events.”

At 240 horsepower, the SWIGZ electric motorcycle is the most powerful motorcycle ever entered in the Pikes Peak International Hill Climb.

During its global racing debut at the Auto Club Speedway in California in the premier WERA Heavyweight Twins Superbike category, the SWIGZ superbike racing team’s UQM powered all-electric superbike achieved a number of firsts including:

• Finishing an astonishing third place after starting the race on the third row
• Then finishing second in the WERA Heavyweight Twins Superstock division of the race
• Posting the fastest lap of the race at 1:39.792
• Achieving a top speed of 158 mph during the race, despite having only six laps of pre-race testing

"The bike is incredible and very well suited for an epic event like Pikes Peak,” said Yates. "It turns well and makes 240 horsepower at sea level and 240 horsepower at the 14,110 foot summit. I also have 400 ft-lbs of torque available the instant I open the throttle, which was a huge benefit when I was exiting the 156 corners during practice.”

About Chip Yates

Chip Yates is a professional motorcycle road racer, team owner, and extreme electric vehicle designer. Since January 2010, Yates has led the all-American team of Ben Ingram, Robert Ussery and Jimmy Summers to create, build, and race the a powerful and sophisticated electric superbike. Yates holds a Master’s Degree in Business from the University of Southern California. For more information and to request photography for publication, please visit www.chipyates.com.

About UQM Technologies, Inc.

UQM Technologies is a developer and manufacturer of power-dense, high-efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, military and industrial markets. A major emphasis for UQM 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. UQM headquarters, engineering, product development center and manufacturing operation are located in Longmont, Colorado.

Please visit www.uqm.com for more information.

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, orders to be received under our supply agreement with CODA Automotive, our ability to successfully expand our manufacturing facilities, 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 filed June 2, 2011, which is available through our website at www.uqm.com or at www.sec.gov.