SWIGZ.COM Pro Racing Team Sets Top Speed Record with Electric Motorcycle Powered by UQM Technologies

  • UQM congratulates the SWIGZ.COM Pro Racing team on its latest performance achievement
  • UQM powered superbike reaches 190.6 mph in Mojave Mile Shootout

LONGMONT, CO – April 13, 2011 ( Motor Sports Newswire) – The SWIGZ.COM Pro Racing team has set a top speed record for an electric motorcycle of 190.6 mph in the Mojave Mile Shootout powered by a UQM Technologies, Inc. (NYSE Amex: UQM) electric propulsion system. The previous top speed achieved by other electric motorcycles at different events was in the 170 mph range.

“UQM congratulates Chip Yates and all of the SWIGZ.COM Pro Racing team on this record-setting achievement with his electric superbike,” said Eric Ridenour, President and Chief Executive Officer of UQM Technologies. “We are very happy that our electric propulsion system played a key role in Yate’s performance and he continues to demonstrate that electric drive can deliver unexpected high performance.”

The SWIGZ.COM Pro Racing Electric motorcycle was designed and ridden by extreme electric vehicle designer and professional motorcycle racer Chip Yates.

“This run should go a long way towards our goal of demonstrating that electric vehicles can lay down extreme performance and compete directly against gasoline powered vehicles if properly designed and executed,” said Yates.

Some of the team’s accomplishments with the electric superbike include:

  • Making its global racing debut in January of this year, the SWIGZ superbike racing team finished an astonishing third place at Auto Club Speedway in California in the premier WERA Heavyweight Twins Superbike category with a UQM-powered, all-electric entry, after starting the race on the third row
  • The team then went one better and finished second in the WERA Heavyweight Twins Superstock division of the race
  • The UQM-powered electric superbike posted the fastest lap of the race at 1:39.792
  • During the race, the UQM-powered, all-electric SWIGZ superbike reached a top speed of 158 mph, despite having only six laps of pre-race testing

Yates and his team are now adapting the superbike’s UQM electric powertrain to optimize its performance for the Pikes Peak International Hill Climb (www.ppihc.com), which will take place on June 26, 2011. The team has already made news in this competition by entering the most powerful electric motorcycle ever at 240 horsepower.

About Chip Yates

Chip Yates is a professional motorcycle road racer, team owner, and extreme electric vehicle designer. Since January 2010, Yates has led the all-American team of Ben Ingram, Robert Ussery and Jimmy Summers to create, build, and race the powerful and sophisticated electric superbike. Yates holds a master’s degree in Business from the University of Southern California. For more information and to request photography for publication, please visit www.chipyates.com.

About UQM Technologies, Inc.

UQM Technologies 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 for UQM 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. UQM headquarters, engineering, product development center and manufacturing operation are located in Longmont, Colorado.

Please visit www.uqm.com for more information.

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 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 February 1, 2011, which is available through our website at www.uqm.com or at www.sec.gov.