UQM Technologies to Hold Conference Call Thursday, January 29, 2009 at 4:30 p.m. Eastern Time

FREDERICK, Colo. january 28, 2009: UQM TECHNOLOGIES, INC., a developer of alternative energy technologies, will hold a conference call with members of the investment community on Thursday, January 29, 2009, at 4:30 p.m. Eastern Time. To participate in the call dial 1-866-322-2356 approximately 10 minutes before the conference is scheduled to begin and provide confirmation code 9431091 to access the call. International callers should dial 1-416-640-3405.

William G. Rankin, UQM Technologies’ President and Chief Executive Officer and Donald A. French, Treasurer and Chief Financial Officer, will be reviewing the Company’s operating results for the quarter and nine months ended December 31, 2008.

For anyone who is unable to participate in the conference, access to a recording will be available for 48 hours following the call. Dial 1-888-203-1112 and give replay code 9431091 to access the playback. International callers should dial 1-647-436-0148. Please allow two hours from the time of the conference call for initial setup before access.

UQM Technologies, Inc. is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, medical, 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 UQM.