UQM Technologies Receives Follow-on $1.3 Million Fuel Cell Compressor System Order for China Market

• As a follow-on order from UQM’s major Chinese OEM customer, UQM will
  supply additional systems for the rapidly growing automotive fuel cell
  market in China.
• Shipments are scheduled to begin in the spring 2018 and through fall
  2018.
• The UQM fuel cell compressor modules are an integral component in the
  fuel cell technology for automotive, and light, medium and heavy-duty
  vehicle applications. In particular, the systems will be deployed in
  minivan applications in this offering.
• UQM continues to support the increase in various applications for the
  fuel cell market in Asia, Europe and the USA.

LONGMONT, Colo.–(BUSINESS WIRE)–UQM Technologies, Inc. (NYSE American: UQM) announced today
a follow-on purchase order from its major Chinese OEM customer for
delivery of its R340 fuel cell compressor systems. The purchase order is
valued at $1.3 million. UQM received the initial order valued at $2.2
million from this customer last year. Shipments are expected to begin in
the spring of 2018 and be completed by fall of 2018. These compressor
modules are a key component in hydrogen powered fuel cell systems. UQM
has seen much success with its unique R340 fuel cell compressor system,
which is designed for light-duty automotive applications for up to 75kW
fuel cell stacks.

“We continue to work with this customer to improve and enhance our
system for performance, manufacturability and durability in this growing
fuel cell market,” said Joe Mitchell, President and CEO of UQM
Technologies. “As the China OEM continues to launch new applications, we
are poised to support the growth for this customer and the fuel cell
market.”

About UQM

UQM Technologies is a developer and manufacturer of power-dense,
high-efficiency electric motors, generators, power electronic
controllers and fuel cell compressors for the commercial truck, bus,
automotive, marine, and industrial markets. A major emphasis for UQM is
developing propulsion systems for electric, hybrid electric, plug-in
hybrid electric and fuel cell electric vehicles. UQM is TS 16949 and ISO
14001 certified and located in Longmont, Colorado. For more information,
please visit 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 those plans, beliefs
and expectations of our management with respect to, among other things,
gaining required certifications, new product developments, future orders
to be received from our customers, sales of products from inventory,
future financial results, liquidity, 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 and Form
10-Q’s, which are available through our website at www.uqm.com
or at www.sec.gov.

Source: UQM Technologies, Inc.

Contacts

UQM Technologies, Inc.
David Rosenthal, 303-682-4900
or
EnergyTech
Investors, LLC
Shawn Severson, 415-233-7094