UQM Technologies’ (UQM) PowerPhase HD® Picked by FedEx Express for EV Delivery Vans

UQM TECHNOLOGIES, INC. (NYSE MKT:UQM), has begun supplying the PowerPhase HD^® 220 electric drive systems to Boulder EV to build delivery vans for FedEx Express.

“We just introduced the PowerPhase HD 220 electric drive system last month at EVS26 and have been selected to power the Boulder EV delivery vans as part of the FedEx Express all-electric fleet of vehicles,” said Eric R. Ridenour, UQM Technologies’ President and Chief Executive Officer. “Getting our new product out into commercial fleet customers like Boulder EV and FedEx Express is an excellent way to demonstrate its performance and efficiency advantages and will set the foundation for future sales growth.”

As part of this initiative, Boulder EV will use the PowerPhase HD 220 systems in its composite delivery van designed specifically as an all-electric vehicle. Delivering a maximum output of 220kW, and 120kW on a continuous basis, the PowerPhase HD 220 offers commercial trucks and buses an efficient path to the adoption of electric propulsion technology in heavy-duty vehicles.

“UQM electric drive systems provide excellent performance in a very efficient package,” said Carter Brown, Chief Executive Officer of Boulder EV. “We look forward to working with UQM on this and future programs.”

About Boulder EV

Boulder EV is a green tech manufacturing company that makes purpose-built, all-electric delivery trucks and Work Utility Vehicles (WUV) or cargo vans. These are designed from the ground up to meet the lightweight aerodynamic and safety needs of all-electric vehicles.

Please visit www.boulderev.com for more information.

About UQM

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.

Forward-Looking Language

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, future financial results 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 May 24, 2012, which is available through our website at www.uqm.com or at www.sec.gov.