8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington,  D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):August 4, 2016

UQM Technologies, Inc.
(Exact name of registrant as specified in its charter)

Colorado	1-10869	84-0579156
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

4120 Specialty Place
Longmont, Colorado 80504
(Address of principal executive offices, including zip code)

(303) 682-4900
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a‑12)

[  ]Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On August 4, 2016, UQM Technologies, Inc. issued a press release reporting its first fiscal quarter results for the period ending June 30, 2016. A copy of this press release is furnished and attached hereto as Exhibit 99.1.  

Item 9.01FINANCIAL STATEMENTS AND EXHIBITS

(d)Exhibits

The following exhibit is furnished as part of this Current Report on Form 8-K.

Exhibit No.	Description of Exhibit
99.1	Press Release dated August 4, 2016

The information in Item 2.02 of the Current Report, including the press release, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, (“Exchange Act”) or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as expressly set forth by specific reference in such filing.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

28
	UQM TECHNOLOGIES, INC.
Dated:  August 4, 2016	By:   /s/DAVID I. ROSENTHAL
	David I. Rosenthal
	Treasurer, Secretary and Chief Financial Officer

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EXHIBIT INDEX

Exhibit No.Description of Exhibit

99.1Press Release dated August 4, 2016

EX-99.1

Exhibit 99.1

For Immediate Release

For more information contact:	Shawn Severson
	EnergyTech Investor
	415-233-7094
	or
	David I. Rosenthal
	UQM Technologies, Inc.
	303-682-4900

UQM Technologies First Quarter Revenue Grows 94% Over Prior Year

LONGMONT, COLORADO, AUGUST 4, 2016 - UQM TECHNOLOGIES, INC. (NYSE MKT: UQM), a developer of alternative energy technologies, today announced operating results for the first quarter of fiscal year 2017. Total revenue for the quarter was $1.4 million compared to $741,000 in the first quarter last year, an increase of 94%. Net loss for the first quarter was $2.0 million, or $0.04 per common share. This compares to a net loss of $2.2 million, or $0.06 per common share for the same period last year.

“We are pleased with the results of the first quarter.  Revenue increased in our base North American business, with particular sales growth of our heavy-duty electric propulsion systems,” said Joe Mitchell, UQM Technologies’ President and Chief Executive Officer. ”We are starting to see some stabilization in the North American market as we prepare for the next phase of our business development in the Asia market.”

Conference Call

The Company will host a conference call today at 4:30 p.m. Eastern Time to discuss operating results for the quarter ended June 30, 2016. To attend the conference call, please dial 1-888-241-0326 approximately ten minutes before the conference is scheduled to begin and provide the passcode “58542553” to access the call. International callers should dial 1-647-427-3411. For anyone who is unable to participate in the conference, a recording will be available for 7 days beginning at 6:30 p.m. Eastern Time today. To access the playback call 1-855-859-2056 or 1-800-585-8367 and enter replay code “58542553#”. International callers should dial +1-404-537-3406.

About UQM

UQM Technologies is a developer and manufacturer of power-dense, high-efficiency electric motors, generators, power electronic controllers and fuel cell compressors for the commercial truck, bus, automotive, marine, military and industrial markets. A major

UQM TECHNOLOGIES, INC. 4120 SPECIALTY PLACE, LONGMONT, COLORADO 80504  (303) 682-4900  FAX (303) 682-4901

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.

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-Q’s, which are available through our website at www.uqm.com  or at www.sec.gov.  

Source: UQM Technologies, Inc.

###Tables Attached###

UQM TECHNOLOGIES, INC. 4120 SPECIALTY PLACE, LONGMONT, COLORADO 80504  (303) 682-4900  FAX (303) 682-4901

UQM TECHNOLOGIES, INC.AND SUBSIDIARIES

Consolidated Condensed Statements of Operations (unaudited)

	Quarter Ended June 30,
	2016		2015
Revenue:
Product sales	$	1,173,261	$	630,666
Contract services		261,820		109,863
		1,435,081		740,529
Operating costs and expenses:
Costs of product sales		759,089		577,446
Costs of contract services		236,949		64,798
Research and development		718,918		1,088,480
Selling, general and administrative		1,684,645		1,245,374
		3,399,601		2,976,098
Loss from operations		(1,964,520)		(2,235,569)
Other income:
Interest income		3,408		3,372
Other		7,082		7,946
		10,490		11,318
Net loss	$	(1,954,030)	$	(2,224,251)
Net loss per common share - basic and diluted	$	(0.04)	$	(0.06)
Weighted average number of shares of common stock outstanding - basic and diluted		48,346,344		40,040,673

UQM TECHNOLOGIES, INC. 4120 SPECIALTY PLACE, LONGMONT, COLORADO 80504  (303) 682-4900  FAX (303) 682-4901

UQM TECHNOLOGIES, INC.AND SUBSIDIARIES

Consolidated Condensed Balance Sheets (unaudited)

	June 30,		March 31,
	2016		2016
Assets
Current assets:
Cash and cash equivalents	$	5,497,556	$	7,030,230
Accounts receivable		679,460		481,404
Costs and estimated earnings in excess of billings on uncompleted contracts		71,689		60,296
Inventories		2,314,322		2,271,271
Prepaid expenses and other current assets		274,322		272,597
Total current assets		8,837,349		10,115,798
Property and equipment, at cost:
Land		1,683,330		1,683,330
Building		4,516,301		4,516,301
Machinery and equipment		7,105,194		7,089,332
		13,304,825		13,288,963
Less accumulated depreciation		(7,398,556)		(7,241,769)
Net property and equipment		5,906,269		6,047,194
Patent costs, net of accumulated amortization of $922,104 and $916,960, respectively		248,067		249,414
Trademark costs, net of accumulated amortization of $78,638 and $77,514, respectively		97,203		98,327
Noncurrent inventories		6,739,012		6,840,170
Total assets	$	21,827,900	$	23,350,903

Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$	818,613	$	364,841
Other current liabilities		858,636		985,435
Total current liabilities		1,677,249		1,350,276
Other long-term liabilities		330,556		288,889
Total liabilities		2,007,805		1,639,165
Commitments and contingencies
Stockholders’ equity:
Common stock, $0.01 par value, 75,000,000 shares authorized; 48,350,682 and 48,330,286 shares issued and outstanding, respectively		483,507		483,303
Additional paid-in capital		128,166,044		128,103,861
Accumulated deficit		(108,829,456)		(106,875,426)
Total stockholders’ equity		19,820,095		21,711,738
Total liabilities and stockholders’ equity	$	21,827,900	$	23,350,903

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UQM TECHNOLOGIES, INC. 4120 SPECIALTY PLACE, LONGMONT, COLORADO 80504  (303) 682-4900  FAX (303) 682-4901