UQM TECHNOLOGIES, INC. (NYSE Amex:UQM), a developer of alternative energy technologies, announced today that its common stock has begun trading on the Stuttgart Stock Exchange. Baader Bank AG, which currently manages 7,500 stocks from 56 different nations on Germany’s leading stock exchanges in Frankfurt, Berlin-Bremen, Munich and Stuttgart, will serve as the trading specialist. The company’s common stock is also listed on the NYSE Amex, Chicago, Pacific, Frankfurt and Berlin Stock Exchanges.

“We are pleased to have our common stock begin trading on the Stuttgart Stock Exchange, raising to six the number of U.S. and German exchanges where our common shares may be traded. We are also pleased to announce that Baader Bank AG will be the specialist firm managing the trading of our common stock on the Stuttgart Stock Exchange. Baader Bank AG has extensive experience and expertise as a specialist, managing the trading of securities issued by international corporations such as Coca-Cola, Citigroup, Sony, Heineken and Renault,” said Donald A. French, UQM Technologies’ Treasurer and Chief Financial Officer. “We believe the listing of our common stock on the Stuttgart Stock Exchange will increase the visibility of our company, promote greater liquidity in the trading of our common stock and increase accessibility for German and European investors to purchase or sell shares of our common stock on local stock exchanges.”

UQM Technologies, Inc. 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 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 our common stock continuing to be traded on the exchanges where it is currently listed. 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 30, 2009, which is available through our website at www.uqm.com or at www.sec.gov.