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UQM Technologies Electrifying Vehicles

This presentation 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 presentation and include statements regarding our plans, beliefs or current expectations; including those plans, beliefs and expectations of our officers and directors with respect to, among other things, orders to be received under our supply agreement with CODA Automotive, Electric Vehicles International and Proterra, our ability to successfully develop additional products and further expand our manufacturing facilities 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-Q filed October 27, 2011, which is available through our website at or at .

Company Overview Electrifying Vehicles


Longmont, CO (20 miles north of Denver)

FY 2011 Sales:

$9.0 million

Employees: Exchange:

97 New York Stock Exchange


Company Overview Electrifying Vehicles

 UQM has more than 35 years experience in the electrification business. As a result it is deep in technical talent with a highly evolved product lineup  We are involved in all aspects of electrification for Cars, Trucks, Buses, Boats and Military  We are recognized internationally for high performance, energy efficient electric motors, generators and controllers  Electrification of vehicles, on a global basis, is real and growing and UQM is poised to participate in that growth

Recent Accomplishments Electrifying Vehicles

Recent Accomplishments Electrifying Vehicles

 Have third party validation of our product, and our company through highly respected customer announcements: Saab, Audi and Rolls Royce EV test programs Production contracts with CODA Automotive, Proterra and EVI  Aggressive new product development programs identified to ensure we stay on the leading edge  New China opportunities being examined

We now have the product, the facilities and the management talent and depth needed to grow

Market Forces Driving Vehicle Electrification Electrifying Vehicles

 Green Economy  High cost of fuel (globally)  Worldwide CO2 and FE Standards  Government Incentives/ Support  Competition

Electric Propulsion Categories Electrifying Vehicles

UQM serves all categories of vehicle electrification

Fuel Cell Full Electric Plug In Hybrid Series Hybrid Parallel Hybrid

UQM Product Advantages Electrifying Vehicles

 Power density – smaller and lighter weight – permanent magnet motors

 Efficiency – consume less energy

 Performance – adaptive software control – greater RPM range

Propulsion System Motor and Controller

Major Customers Electrifying Vehicles

 CODA Automotive – – – –

Well-capitalized California start up – over $300M raised PowerPhase Pro® 100kW (134hp) system Market launch in Q1 CY2012. Announced LOI with Great Wall for future collaboration

Major Customers Electrifying Vehicles

ďƒ˜ Proterra Bus -

All-composite construction, all-electric bus 68 passenger capacity PowerPhase HD SelectÂŽ 150 kW (201 hp) systems Recently received $30M capital infusion

Major Customers Electrifying Vehicles

ďƒ˜ Electric Vehicles International (EVI) - All electric vehicle - 100 vehicle UPS order - Class 6 walk-in delivery vehicles - Utilize PowerPhase HD SelectÂŽ 200 kW motor and controller

Major Customers Electrifying Vehicles

ďƒ˜ Audi A1 e-tron

- All-electric vehicle with range extender - PowerPhase SelectÂŽ 125kW (167hp) systems - Significant test fleet program - First test vehicles on the road.

Major Customers Electrifying Vehicles

 Rolls Royce 102EX  Test bed to gather data to base future decisions on alternative drivetrains.  The 102EX uses two 145kW PowerPhase Select® electric propulsion systems to deliver the performance required by Rolls Royce. Equivalent performance to twin turbo V-12.

Major Customers Electrifying Vehicles

ďƒ˜ ReGen Nautic - Working with several marine OEM’s to develop marine hybrid electric propulsion systems - Application in yachts, trawlers and larger sailboats

Major Customers Electrifying Vehicles

 Eaton – DC-to-DC converters – Used in Freightliner, PACCAR and International Truck & Engine HEV programs

Military Electrifying Vehicles

ďƒ˜ Joint Light Tactical Vehicle (JLTV) - Potential HMMWV replacement - Supplier to one of the three remaining teams - Appropriations conference committee approved $134M for EMD phase. ďƒ˜ Funded R&D for key technologies

Other Vehicle Programs Electrifying Vehicles

 Other programs are in various stages, including vehicles under test, but cannot be announced due to non-disclosure agreements  Programs include hybrids and all electric vehicles  Active programs for cars, trucks and buses

New Products Electrifying Vehicles

 Significant investments in new products underway to ensure we stay competitive - DOE funding 50% of productionization expense  Developing new PowerPhase HD® 220 commercial vehicle motor and controller - Significantly better performance - Customer input and preferences solicited - Significantly reduced production costs - Very high global interest

New Products Electrifying Vehicles

 New PowerPhase Pro® controller in early design stages - Significantly reduced package space - Reduced weight and cost

 Next generation PowerPhase Pro® motor and controller - Higher efficiency across a larger operating range - Improved package size for both motor and controller - Lower production cost

New Regions Electrifying Vehicles

 UQM is reviewing options for access to China - Government investing $15B in latest 5 year plan.  Determining market potential for UQM - Truck and Bus markets - Passenger Car market  Ensuring IP protected  Reviewing structural options - JV or partnerships - Direct sale, licensing, etc

$45 Million Stimulus Grant Electrifying Vehicles Electric Drive Component Manufacturing Facilities


DOE Award ($ millions)

Project Locations


► 50% DOE cost share on manufacturing infrastructure and certain engineering costs

General Motors Corp.


White Marsh, MD Wixom, MI

Construction of U.S. manufacturing to produce electric drive system.

Delphi Automotive Systems, LLC


Kokomo, IN

Expansion of manufacturing for electric drive power electronics components.

Allison Transmission, Inc.


Indianapolis, IN

Increasing U.S. capacity to manufacture hybrid systems.

Ford Motor Company


Sterling Heights, MI

Producing electric drive transaxle with integrated power electronics.

► Three year program to establish high volume manufacturing capacity (with potential 2 year extension


locations in Indiana and Fargo, ND

Establishing a standardized platform of hybridelectric motors and controls.

► Billings thru 9/30/2011 of $14.8M

Longmont, CO

Expanding propulsion systems into a volume manufacturing environment.

Muncie, IN Holly, MI

Increasing production capacity of advanced automotive electric drive system components.

Remy, Inc.

UQM Technologies


Magna E-Car Systems of America, Inc.



DOE Non Rare Earth Magnet Grant Electrifying Vehicles

 Work with National Labs to develop improved permanent magnet properties without rare earth elements and improved motor thermal management  UQM will develop proprietary motor architecture to enable this technology.  $3M grant to UQM, $4M total program - 75/25 cost share  Three year program life  Commenced October 1, 2011.

UQM Technologies, Inc. Consolidated Condensed Statement of Operations

Electrifying Vehicles

(in millions of dollars, except per share data)

Quarter Ended September 30, 2011 2010 Revenue: Contract services Product Sales

0.1 2.2 2.3

2.0 2.0

1.3 1.6 (1.1) 2.1 3.9

1.8 0.2 0.8 (2.6) 2.2 2.4

Net loss

$ (1.6)


Net loss per common share

$ (.04)


Operating costs and expenses: Cost of sales Research and development Production engineering Reimbursement under DOE grant Selling, general and administrative Other, net


UQM Technologies, Inc. Consolidated Condensed Statement of Operations

Electrifying Vehicles

(in millions of dollars, except per share data)

Six Months Ended September 30, 2011 2010 Revenue: Contract services Product Sales

0.2 3.5 3.7

0.4 4.2 4.6

2.0 3.2 (2.2) 3.3 6.3

3.4 0.3 1.7 (2.6) 3.0 (0.3) 5.5

Net loss

$ (2.6)


Net loss per common share

$ (.07)


Operating costs and expenses: Cost of sales Research and development Production engineering Reimbursement under DOE grant Selling, general and administrative Other, net


Electrifying Vehicles

Cash and Short-Term Investments

Total Assets (in millions)

(in millions)

44.0 40.0 36.0 32.0 28.0 24.0 20.0 16.0 12.0 8.0 4.0 0.0

30.0 30.1





15.0 10.0 5.0 5.8








(in millions)








30.0 25.0 20.0 15.0 10.0 5.0


0.0 3/31/09



Shareholders Equity






ďƒ˜ DOE GRANT Electrifying Vehicles

DOE Grant As of September 30, 2011 (in millions)







$14.8 Reimbursements


Funding by Category (in millions)

$30.3 Funds Remaining

UQM Company Overview January 2012  

UQM Technologies is a developer and manufacturer of power-dense, high-efficiency electric motors, generators and power electronic controller...

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