Hybrid Electric HMMWV Powered By UQM

Press Release 03-27

UQM Technologies, Inc.
7501 Miller Drive
Frederick, CO 80530

Donald A. French, Treasurer
(303) 278-2002

Current Phase Of Performance Evaluation To Focus On Operating Characteristics In Harsh Winter Conditions

FREDERICK, COLORADO, January 22, 2003… UQM TECHNOLOGIES, INC. (AMEX: UQM), a developer of alternative energy technologies, announced today that one of the U.S. Army technology demonstration hybrid electric High Mobility Multipurpose Wheeled Vehicles (HMMWV pronounced HUMVEE®), developed and produced by IDT-PEI Electronics, a unit of Integrated Defense Technologies, Inc. (NYSE:IDE) and powered by UQM® propulsion motors, power electronic inverters and a generator, has begun cold weather evaluation testing at the Cold Regions Test Center at Fort Greeley, Alaska. The hybrid electric HMMWV incorporates one 75 kW UQM® generator and two 75 kW UQM® propulsion motors, one per axle. Each UQM® motor or generator is controlled by a UQM® electronic inverter which manages the operating characteristics of the motor or generator. The Cold Regions Test Center, a subordinate command of Yuma Proving Ground and the winter test element of the Army Test and Evaluation Command, has the mission to plan, conduct and report the results of winter, mountain and northern environment phases of developmental testing.

The hybrid electric HMMWV is one of four hybrid electric HMMWVs delivered to the U. S. Army for performance testing and evaluation at Aberdeen and Yuma Proving Grounds. AM General, the manufacturer of the HMMWV, is the Prime Contractor. IDT-PEI Electronics is responsible for the complete hybrid drive system design and integration, electronics component design and the energy management system for the vehicles. UQM Technologies provides the propulsion motors, generators and power electronic inverters under subcontract to IDT-PEI Electronics.

During earlier programs, two hybrid electric HMMWVs were developed for proof of concept demonstration of hybrid electric technology. One prototype was configured as a tactical model incorporating a UQM® 55kW generator and four UQM® 75 kW propulsion motors, one per wheel, delivering acceleration from zero to 50 M.P.H. in 8 seconds. The second was configured as a utility; model incorporating a UQM® 75 kW generator and two UQM® 75 kW propulsion motors, one per axle. This vehicle successfully completed a cross-country trip from Washington D.C. to San Francisco in 2000 to demonstrate vehicle performance and test readiness.

William G. Rankin, UQM Technologies’ President and Chief Executive Officer said, “The initiation of cold weather evaluation marks another milestone in the potential application of hybrid electric propulsion to this class of military vehicle. Successful cold weather and harsh terrain operations is crucial to achieving the HMMWVs mission objectives and we are confident that our hybrid electric propulsion systems will perform well in this demanding round of evaluation testing.”

The Company recently delivered electric propulsion motors, generators and power electronic inverters for two additional hybrid electric HMMWVs capable of submersible operations at a depth of 60 inches below water. By providing submersible operating capability, fording operations are now available in addition to the other benefits of hybrid electric propulsion including stealth operation, reduced fuel consumption and the availability of significant on-board electric power.

UQM Technologies, Inc. is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic inverters for the automotive, aerospace, telecommunications, medical, military and industrial markets.A major emphasis of the Company is developing products for the alternative energy technologies sector including power systems for electric, hybrid electric and fuel cell electric vehicles, 42 volt 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. Its electronic products manufacturing facility is located in St. Charles, Missouri. For more information on the Company, please visit its worldwide website at www.uqm.com.

Integrated Defense Technologies, Inc., is a developer and provider of advanced electronics and technology products to the defense and intelligence industries. IDT products are installed on or used in support of a wide array of military platforms, to enhance their operational performance or extend their useful life. IDT products are incorporated into approximately 250 programs, which, in turn, are installed on or support 275 platforms. IDT employs more than 2,000 people throughout the United States and Canada. For more information on the Company, please visit its worldwide website at www.idt-idt.com

AM General LLC, headquartered in South Bend, Indiana, is a world-leader in the design, engineering, production and technical and parts support of military and special purpose vehicles. AM General manufactures the High Mobility Multipurpose Wheeled Vehicle (HMMWV pronounced HUMVEE®) for U.S. and friendly overseas armed forces. Under a 1999 agreement, AM General also produces the HUMMER® H1 and H2, civilian vehicles for General Motors Corporation. General Motors now owns the HUMMER brand and is responsible for HUMMER marketing. In addition, General Engine Products Inc. (GEP), a wholly owned subsidiary of AM General, produces OEM 6.5 liter diesel engines, both naturally aspirated and turbo-charged, used in military, automotive, marine and various other industrial and commercial applications. For more information on the Company, please visit its worldwide website at www.amgeneralcorp.com

This press 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 press 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. Important risk factors that could cause actual results to differ from those contained in the forward-looking statements include our ability to be profitable, our ability to obtain additional financing, our reliance on major customers and suppliers, our ability to commercialize our products, our ability to manage growth and the possibility that product liability insurance may become unavailable to us

HUMVEE is a registered trademark of AM General LLC
HUMMER is a registered trademark of General Motors Corporation