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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, our ability to successfully 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 August 1, 2011, which is available through our website at or at .

Company Overview Electrifying Vehicles

Location: FY 2011 Sales: Employees: Exchange:

Longmont, CO (20 miles north of Denver) $9.0 million 97 New York Stock Exchange (NYSE AMEX:UQM)

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, 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

Transformation to high quality volume manufacturer complete.  Upgraded team with key manufacturing and engineering executives New 130,000 sq ft headquarters and production building  Installed validated motor and controller production lines with annual capacity of 40,000 systems/year Meet Automotive Product Quality Planning (APQP) standards

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 startup company based in California PowerPhase Pro® 100kW (134hp) System Market launch in fourth quarter CY 2011. Announced LOI with Great Wall for future collaboration

Major Customers Electrifying Vehicles

 Proterra Bus -

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

Major Customers Electrifying Vehicles

 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

 Audi A1 e-tron - All-Electric Vehicle - PowerPhase Select速 125kW (167hp) systems - Significant Test Fleet program

Major Customers Electrifying Vehicles

 Saab 9-3 ePower – All-Electric vehicle – PowerPhase Pro® 135kW (181hp) systems for test fleet – First deliveries completed

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速 electric propulsion systems to deliver the performance required by Rolls-Royce. Equivalent performance to twin turbo V-12

Major Customers Electrifying Vehicles

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

Military Electrifying Vehicles

 Joint Light Tactical Vehicle (JLTV) - Potential HMMWV replacement - Supplier to one of the three remaining teams - EMD RFQ expected Q1CY12  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速 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速 controller in early design stages - Significantly reduced package space - Reduced weight and cost

 Next generation PowerPhase Pro速 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

Remy, Inc.


locations in Indiana and Fargo, ND

Establishing a standardized platform of hybridelectric motors and controls.

► Billings thru 6/30/2011 of $13.5M

Longmont, CO

Expanding propulsion systems into a volume manufacturing environment.

Muncie, IN Holly, MI

Increasing production capacity of advanced automotive electric drive system components.

UQM Technologies


Magna E-Car Systems of America, Inc.



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

25.0 24.2



15.0 10.0 5.0 5.8

0.0 3/31/09








Shareholders Equity (in millions) 40.0 35.0







30.0 25.0 20.0 15.0 10.0 5.0


0.0 3/31/09





 DOE GRANT Electrifying Vehicles

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


$14.8 Reimbursements $6.2






Funding by Category (in millions)

$30.3 Funds Remaining

UQM Presentation October 2011  

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

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