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Non-Tech : Unique Mobility, Inc. (UQM) -- Ignore unavailable to you. Want to Upgrade?

To: WALT REISCH who wrote (17)	3/23/1999 11:03:00 AM
From: WALT REISCH	Read Replies (1) \| Respond to of 107

Unique Mobility, Inc. Announces New Customer Order of $1.1 Million at Its Franklin Manufacturing Unit March 23, 1999 08:46 GOLDEN, CO, March 23 /PRNewswire/ -- Unique Mobility, Inc. (Amex: UQM) announced today that its wholly-owned subsidiary, Franklin Manufacturing Company, has received orders of $1.1 million from the North American unit of an international maker of elevators and other people moving products. The order encompasses both wire harnesses and printed circuit board assemblies used in the customer's newly introduced hydraulic control system. The hydraulic control system serves as the "brain" of an elevator controlling all functions of its operations from the opening of doors to start and stop positioning. "The addition of this important customer is a significant example of our strategy to form strategic relationships with leading companies who seek value-added production engineering support in addition to high quality, low cost manufacturing capability" said Michael G. Franklin, President of Franklin Manufacturing. "Our selection as a strategic supplier by this customer represents their consolidation of purchasing activities from numerous vendors to Franklin, which we believe, will greatly enhance our ability to provide them with integrated solutions". "Our Franklin unit continues to expand its capability to meet customer needs and, as a result, order growth continues to expand at a brisk pace" said William G. Rankin, Unique's President and Chief Operating Officer. "With the acceptance of this order, Franklin's booked orders for the fiscal year beginning April 1, 1999, have topped $13.2 million versus $9.8 million at this time last year, and we expect additional orders throughout the upcoming year". Unique Mobility, Inc., is a leading developer and manufacturer of power dense, high efficiency motors, and gear, electronic and wire harness assemblies for the aerospace, telecommunications, automotive, medical and industrial markets. The company is headquartered in Golden, Colorado, with manufacturing facilities in Frederick, Colorado (electric motors and precision gears) and St. Charles, Missouri (electronic assemblies and wire harnesses). This release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the Risk Factors section of the Registration Statement on Form S-3 (File No. 333-67313) filed by Unique with the SEC, which identifies important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including Unique's history of operating losses, its ability to obtain additional financing, competition, the Company's ability to integrate acquired businesses into existing operations, Unique's ability to protect its proprietary information, Year 2000 issues and Unique's limited experience in manufacturing processes and procedures and marketing and distribution. SOURCE Unique Mobility, Inc. /CONTACT: John S. Gould, Director, Investor Relations of Unique Mobility, Inc., 303-278-2002/ /Web site: uqm.com (UQM)