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UQM Technologies Partners with Ballard Power Systems to Provide Contract Assembly and Operational Support Services for Fuel Cell Bus Modules

LONGMONT, Colo.--(BUSINESS WIRE)--

UQM Technologies Inc. (NYSE American: UQM) has announced today that Ballard Power Systems (BLDP) has issued a purchase order to UQM for assembly of FCveloCity®-HD 85-kilowatt Ballard fuel cell modules to be deployed in the U.S. UQM, in Longmont, Colorado, has capacity in their TS16949 certified manufacturing facility where it will contract assemble fuel cell modules for Ballard.

“UQM has been a long time supplier to Ballard, and we are now utilizing our manufacturing facility to support Ballard in delivering modules for buses in the U.S. We see this as yet another way our companies can work together for mutual benefit. We have implemented world class operational systems in our Colorado facility, and we are pleased to improve our asset utilization and support Ballard in meeting U.S. demand,” said Joe Mitchell, CEO and President of UQM Technologies.

About UQM

UQM Technologies is a developer and manufacturer of power-dense, high-efficiency electric motors, generators and power electronic controllers for the commercial truck, bus, automotive, marine, and industrial markets. A major emphasis for UQM is developing propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles. UQM is TS 16949 and ISO 14001 certified and located in Longmont, Colorado. For more information please visit www.uqm.com.

About Ballard Power Systems

Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) provides clean energy products that reduce customer costs and risks, and helps customers solve difficult technical and business challenges in their fuel cell programs. To learn more about Ballard, please visit www.ballard.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 management with respect to, among other things, gaining required certifications, new product developments, future orders to be received from our customers, sales of products from inventory, future financial results, liquidity, 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-K and Form 10-Qs, which are available through our website at www.uqm.com or at www.sec.gov.

Source: UQM Technologies, Inc.

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