UQM Technologies, Inc. (NYSE Amex:UQM), a developer of alternative energy technologies, announced today that it will be added to the NASDAQ® Clean Edge® Green Energy Index effective with the market open on Monday, March 22, 2010.

The index is designed to track the performance of clean-energy companies that are publicly traded in the U.S. The index includes companies engaged in the manufacturing, development, distribution, and installation, of emerging clean-energy technologies such as solar photovoltaics, biofuels and advanced batteries. The five major sub-sectors that the index covers are renewable electricity generation, renewable fuels, energy storage & conversion, energy intelligence and advanced energy-related materials. The securities must also meet other eligibility criteria which include: minimum requirements for market value, average daily share volume, and price. The index is evaluated on a semi-annual basis in March and September. For more information about the NASDAQ® Clean Edge® Green Energy Index, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.

The NASDAQ® Clean Edge® Green Energy Index is the basis for the First Trust NASDAQ Clean Edge Green Energy Index Fund (Nasdaq:QCLN), which seeks investment results that correspond generally to the price and yield of the NASDAQ® Clean Edge® Green Energy Index before fees and expenses.

UQM Technologies, Inc. is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, 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 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 officers and directors with respect to, among other things, orders to be received under our supply agreement with Coda, our ability to successfully expand our manufacturing facilities, the ability to sell the company’s existing facility on terms satisfactory to the company 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 February 2, 2010, which is available through our website at www.uqm.com or at www.sec.gov .