UQM Technologies Announces Promotion Of Richard L. Hugen To Vice President, Marketing And Sales

Apr 26, 2001, 01:00 ET from UQM Technologies, Inc.

    GOLDEN, Colo., April 26 /PRNewswire/ -- UQM Technologies, Inc.
 (Amex:   UQM), a developer of alternative energy technologies, announced today
 that Richard L. Hugen has been promoted to Vice President, Marketing and
 Sales.  Mr. Hugen has served as Director of Marketing and Sales since joining
 the Company in April, 2000 with responsibility for the marketing and sale of
 the Company's electric motor and motor controller systems and coordinating
 cross marketing activities between the Company's subsidiaries.
     Commenting on the appointment, William G. Rankin, President and Chief
 Executive Officer said, "Dick's contribution, since joining the Company last
 year, has been substantial and we are pleased to have him join the senior
 management team.  His promotion reflects the growing level and breadth of
 opportunities our company is facing."
     UQM Technologies, Inc. is a leading developer and manufacturer of power
 dense, high efficiency motors, gear assemblies and electronic assemblies for
 the automotive, aerospace, telecommunications, medical 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 vehicle auxiliaries and
 distributed power applications.   The Company's headquarters and engineering
 and product development center are located in Golden, Colorado.  Manufacturing
 facilities are located in Frederick, Colorado (electric motors and gear
 assemblies) and St. Charles, Missouri (electronic assemblies and wire
 harnesses).  For more information on the Company, please visit its worldwide
 website at http://www.uqm.com.
 
     This press release may contain forward-looking statements that involve
 risks and uncertainties.  These statements may differ materially from actual
 future events or results.  Readers are referred to the Risk Factors section of
 the Registration Statement on Form S-3 (File No. 333-78525) filed by the
 Company with the SEC, which identifies important risk factors that could cause
 actual results to differ from those contained in the forward-looking
 statements, including the Company's ability to be profitable, its ability to
 obtain additional financing, the Company's reliance on major customers and
 suppliers and the possibility that product liability insurance may become
 unavailable. These forward-looking statements represent the Company's judgment
 as of the date of the press release.  The Company disclaims, however, any
 intent or obligation to update these forward-looking statements.
 
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SOURCE UQM Technologies, Inc.
    GOLDEN, Colo., April 26 /PRNewswire/ -- UQM Technologies, Inc.
 (Amex:   UQM), a developer of alternative energy technologies, announced today
 that Richard L. Hugen has been promoted to Vice President, Marketing and
 Sales.  Mr. Hugen has served as Director of Marketing and Sales since joining
 the Company in April, 2000 with responsibility for the marketing and sale of
 the Company's electric motor and motor controller systems and coordinating
 cross marketing activities between the Company's subsidiaries.
     Commenting on the appointment, William G. Rankin, President and Chief
 Executive Officer said, "Dick's contribution, since joining the Company last
 year, has been substantial and we are pleased to have him join the senior
 management team.  His promotion reflects the growing level and breadth of
 opportunities our company is facing."
     UQM Technologies, Inc. is a leading developer and manufacturer of power
 dense, high efficiency motors, gear assemblies and electronic assemblies for
 the automotive, aerospace, telecommunications, medical 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 vehicle auxiliaries and
 distributed power applications.   The Company's headquarters and engineering
 and product development center are located in Golden, Colorado.  Manufacturing
 facilities are located in Frederick, Colorado (electric motors and gear
 assemblies) and St. Charles, Missouri (electronic assemblies and wire
 harnesses).  For more information on the Company, please visit its worldwide
 website at http://www.uqm.com.
 
     This press release may contain forward-looking statements that involve
 risks and uncertainties.  These statements may differ materially from actual
 future events or results.  Readers are referred to the Risk Factors section of
 the Registration Statement on Form S-3 (File No. 333-78525) filed by the
 Company with the SEC, which identifies important risk factors that could cause
 actual results to differ from those contained in the forward-looking
 statements, including the Company's ability to be profitable, its ability to
 obtain additional financing, the Company's reliance on major customers and
 suppliers and the possibility that product liability insurance may become
 unavailable. These forward-looking statements represent the Company's judgment
 as of the date of the press release.  The Company disclaims, however, any
 intent or obligation to update these forward-looking statements.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X17092703
 
 SOURCE  UQM Technologies, Inc.