UQM expands into marine engine applications

LONGMONT – UQM Technologies Inc. (NYSE Amex: UQM) is
expanding into the marine hybrid electric market through a collaboration with
ReGen Nautic USA Inc. to develop multiple hybrid electric marine propulsion
systems.

ReGen is working with several original equipment
manufacturers to provide the propulsion systems as energy-saving power train
options for yachts, trawlers and large sailing boats.

“Our collaboration with ReGen Nautic showcases the
additional growth opportunities when electric propulsion technology is
introduced into industries beyond the automotive sector,´ said Eric
Ridenour, UQM president and CEO.

UQM will work with ReGen Nautic to integrate UQM
PowerPhase hybrid electric systems into a variety of marine applications.

“We are working with UQM to develop several hybrid
electric systems for the marine industry that will provide dramatically better
performance than even the newest diesel technology,´ said Pierre Caouette,
ReGen president and COO. “Our systems will provide vastly improved
reliability and ease of use for the customer, along with the highest standard
of safety.”

In afternoon trading, shares of UQM were up 4 cents to
$2.08.

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