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UQM PowerPhase Pro® 100 Electric Drive System Installed In 100 London Taxicabs During 2012 Olympic Games

|Includes: UQM Technologies, Inc (UQM)

UQM Technologies, Inc. (NYSEMKT:UQM) has given a great number of athletes and dignitaries the opportunity to experience the smoothness and efficiency of their UQM PowerPhase Pro® electric drive system by equipping 100 London taxicabs with the cutting-edge system during the 2012 Olympic Games in London, England.

"The demand for alternative propulsion technologies continues to expand globally," said Eric Ridenour, UQM Technologies' President and Chief Executive Officer. "We are excited that our PowerPhase Pro 100 electric drive system was selected to power a fleet of iconic London taxicabs during the London 2012 Summer Olympics. The rigorous performance requirements of these taxicabs highlight the durability and performance of UQM's products in real-world settings."

There are over 21,000 London taxicabs in operation today, and the cabs themselves have a brilliant history of outstanding service, as well as being very recognizable to local and visitor alike. Intelligent Energy, Lotus Engineering, TRW Conekt and London Taxi International have propositioned the British Government to initiate a research and funding program for the development of hydrogen fuel cell taxicabs.

The UQM PowerPhase Pro 100 electric motor operates in a rear wheel drive configuration powered by an Intelligent Energy designed fuel cell system working in conjunction with a high voltage battery pack and a UQM DC-to-DC converter. Intelligent energy anticipates the hydrogen-powered vehicle will ramp up into full production after the completion of a successful test program later this year.

"We have capacity to quickly increase production should more London taxicabs be converted to zero-emission propulsion systems," said Ridenour.

This fleet joins another previously announced UQM-powered vehicle at the London 2012 Summer Olympics.

UQM's PowerPhase electric propulsion systems have been selected to power CODA Automotive passenger cars, the Audi A-1 e-tron, Rolls-Royce 102EX Electric Phantom and EV Engineering pre-production test fleet vehicles. UQM is also powering Hino electric city buses, Proterra electric composite transit buses and Electric Vehicles International all-electric medium-duty truck, as well as100 walk-in delivery vans for UPS and Boulder EV delivery vans for Federal Express. UQM's manufacturing facility has 40,000 units of annual production capacity for its PowerPhase Pro electric propulsion systems.

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