|   |   | UNITED STATES SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, D.C. 20549  **_____________________  **FORM 10-K/A  
ANNUAL REPORT  
PURSUANT TO SECTION 13 OR 15(d)  
OF THE SECURITIES EXCHANGE ACT OF 1934
(Mark One)
[X]
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE   
SECURITIES EXCHANGE ACT OF 1934   
For the fiscal year ended March 31, 2008
OR  
[  ]
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE   
SECURITIES EXCHANGE ACT OF 1934   
For the transition period      from                       to                 
Commission file number 1-10869     
               UQM      TECHNOLOGIES,      INC.                 
(Exact name of registrant as specified in its charter)  **______________________   
Colorado 
84-0579156    
(State or other jurisdiction 
(I.R.S. Employer    
of incorporation or organization) 
Identification No.)    
7501 Miller Drive, Frederick, Colorado 
80530    
(Address of principal executive offices) 
(Zip Code)   
Registrant's telephone number, including area code:      (303) 278-2002     
SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE      ACT:     
Name of each exchange on which registered    
Title of each class 
American Stock Exchange    
Common Stock 
Pacific Stock Exchange      
Chicago Stock Exchange      
Frankfurt Stock Exchange      
Berlin Stock Exchange      
SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE      ACT:
None.  
Indicate by check mark if the registrant is a      well-known seasoned issuer, as defined in Rule 405 of the Securities Act.  
Yes  [  ]  No  [X]  
Indicate by check mark if the registrant is not      required to file reports pursuant to Section 13 or 15(d) of the Act.  
Yes  [  ]  No  [X]  
Indicate by check mark whether the registrant: (1) has      filed all reports required to be filed by Section 13 or 15(d) of the      Securities Exchange Act of 1934 during the preceding 12 months (or for      such shorter period that the registrant was required to file such      reports), and (2) has been subject to such filing requirements for the      past 90 days.  
Yes  [X]  No  [  ]  
Indicate by check mark if disclosure of delinquent      filers pursuant to Item 405 of Regulation S-K is not contained herein, and      will not be contained, to the best of registrant's knowledge, in      definitive proxy or information statements incorporated by reference in      Part III of this Form 10-K or any amendment to this Form 10-K  [      ]  
Indicate by check mark whether the registrant is a      large accelerated filer, an accelerated filer, a non-accelerated filer or      a smaller reporting company. See the definitions of "large      accelerated filer," "accelerated filer" and "smaller      reporting company" in Rule 12b-2 of the Exchange Act.  
 [  ]  Large accelerated filer
[X]  Accelerated filer
[  ]  Non-accelerated filer
[  ]  Smaller reporting company  
Indicate by check mark whether the registrant is a      shell company (as defined in Rule 12b-2 of the Exchange Act).  
Yes  [  ]  No  [X]  
The aggregate market value of the registrant's common      stock ("Common Stock") held by non-affiliates is approximately      $62,747,153 (based on the May 20, 2008 closing price of Common Stock of      $2.40 per share as reported on the American Stock Exchange). As of May 20,      2008, there were 26,810,217 shares of Common Stock outstanding.     
DOCUMENTS INCORPORATED BY REFERENCE  
Document of the Registrant 
Form 10-K Reference Locations  
Portions of the 2008 Proxy Statement 
Part III**EXPLANATORY NOTE**
 

We are filing this Form 10-K/A (Amendment No. 1) for the fiscal year endedMarch 31, 2008 to amend the certifications attached as Exhibits 31.1, 31.2 and32.1 to correct a clerical error in the certifications.

Except for the foregoing, this amendment does not amend the Annual Report inany way and does not modify or update any disclosures contained in the AnnualReport, which continues to speak as of the original date of the Annual Report.
**PART IV****ITEM 15.**EXHIBITS AND FINANCIAL STATEMENT SCHEDULES AND REPORTS      ON FORM 8-K   
(a)
1.
Financial Statements     
UQM Technologies, Inc. (included in Part II):     
Reports of Independent Registered Public Accounting      Firm.     
Consolidated Balance Sheets, March 31, 2008 and March      31, 2007.     
Consolidated Statements of Operations for the Years      Ended March 31, 2008, 2007 and 2006.     
Consolidated Statements of Stockholders' Equity and      Comprehensive Loss for the Years Ended March 31, 2008, 2007 and 2006.     
Consolidated Statements of Cash Flows for the Years      Ended March 31, 2008, 2007 and 2006.     
Notes to Consolidated Financial Statements.    
2.
Financial Statement Schedules:     
Valuation and Qualifying Accounts. See note 17 to the      Consolidated Financial Statements above.    
3.
Reports on Form 8-K     
Report regarding the completion of a private placement      offering filed June 24, 2007.     
Report regarding amendments to the employment      agreements of William G. Rankin and Donald A. French  
and the execution of employment agreements with Ronald      M. Burton and Jon Lutz filed September 20,  
2007.     
Report regarding changes to the compensation of Messrs.      William G. Rankin, Donald A. French, Ronald  
G. Burton and Jon Lutz filed November 6, 2007.     
Report regarding the retirement of Ernest H. Drew and      the appointment of Joseph P. Sellinger to the  
Board of Directors filed March 24, 2008.   
(b) 
Exhibits:   
3.1 
Bylaws. Reference is made to Exhibit 3.1 of our Annual      Report on Form 10-K for the year ended March 31, 2005 (No. 0-9146), which      is incorporated herein by reference.   
3.2 
Restated Articles of Incorporation. Reference is made      to Exhibit 3.2 of our Annual Report on Form 10-K for the year ended      October 31, 1993 (No. 0-9146), which is incorporated herein by reference.   
4.1 
Specimen Stock Certificate. Reference is made to      Exhibit 3.1 of our Registration Statement on Form 10 dated February 27,      1980 (No. 0-9146), which is incorporated herein by reference.   
10.1 
Form of Warrant. Reference is made to Exhibit 4.2 of      our Post Effective Amendment Number One to the Registration Statement on      Form S-2 (No. 333-118528) filed on November 5, 2004, which is incorporated      herein by reference.   
10.2 
UQM Technologies, Inc. Employee Stock Purchase Plan.      Reference is made to Exhibit 4.3 to the Company's Registration Statement      on Form S-8 (No. 33-34612), which is incorporated herein by reference.   
10.3
UQM Technologies, Inc. Stock Option Plan for      Non-Employee Directors. Reference is made to Exhibit 10.39 of the      Company's Annual Report on Form 10-K (No. 0-9146) for the year ended      October 31, 1993, which is incorporated herein by reference.
10.4 
UQM Technologies, Inc. Amended 2002 Equity Incentive      Plan. Reference is made to Exhibit 10.1 of our Current Report on Form 8-K      filed on August 12, 2005, which is incorporated herein by reference.   
10.5 
Stock Bonus Plan. Reference is made to Exhibit 10.2 of      our Current Report on Form 8-K filed on August 12, 2005, which is      incorporated herein by reference.   
10.6* 
Form of Incentive Stock Option Agreement.   
10.7* 
Form of Non-Qualified Stock Option Agreement.   
10.8* 
Form of Restricted Stock Agreement.   
10.9* 
Employment Agreement with William G. Rankin dated May      5, 2008.   
10.10* 
Employment Agreement with Donald A. French dated May 5,      2008.   
10.11* 
Employment Agreement with Ronald M. Burton dated      September 17, 2007.   
10.12* 
Employment Agreement with Jon Lutz dated September 17,      2007.   
10.13 
Form of Indemnification Agreement. Reference is made to      Exhibit 10.18 of our Annual Report on Form 10-K for the year ended March      31, 2005 (No. 1-10869), which is incorporated herein by reference.   
21.0 
Subsidiaries of the Company. Reference is made to      Exhibit 21.0 of our Annual Report on Form 10-K for the year ended March      31, 2005 (No. 1-10869), which is incorporated herein by reference.   
23.1* 
Consent of Grant Thornton LLP.   
31.1 
Certification of the Chief Executive Officer pursuant      to Section 302 of the Sarbanes-Oxley Act of 2002.   
31.2 
Certification of the Chief Financial Officer pursuant      to Section 302 of the Sarbanes-Oxley Act of 2002.   
32.1 
Certification Pursuant to 18 U.S.C. Section 1350, as      adopted pursuant to section 906 of the Sarbanes-Oxley Act 2002.
* previously filed

 

SIGNATURES

 

 

 

 

Pursuant to the requirements of Section 13 of the SecuritiesExchange Act of 1934, UQM Technologies, Inc. has duly caused this Annual Reporton Form 10-K to be signed on its behalf by the undersigned, thereunto dulyauthorized, in Frederick, Colorado on the 10th day of March, 2009.

 

UQM TECHNOLOGIES, INC.,

a Colorado Corporation

 
  
By:
/s/William G. Rankin   
  William G. Rankin   
  Chairman of the Board of Directors    
 

Pursuant to the requirements of the Securities Exchange Actof 1934, this Annual Report on Form 10-K has been signed below by the followingpersons on behalf of UQM Technologies, Inc., in the capacities indicated and onthe date indicated.

 

 
Signature
Title
Date
/s/William G. Rankin        

  William G. Rankin
Chairman of the Board of Directors and President (Principal Executive      Officer)
March 10, 2009
/s/Donald A.      French         

  Donald A. French
Treasurer and Secretary (Principal Financial and Accounting Officer)
March 10, 2009
/s/Stephen J.      Roy              

  Stephen J. Roy
Director
March 10, 2009
/s/Jerome H.      Granrud            

  Jerome H. Granrud
Director
March 10, 2009
/s/Donald W. Vanlandingham    

  Donald W. Vanlandingham
Director
March 10, 2009
/s/Joseph P. Sellinger    

  Joseph P. Sellinger
Director
March 10, 2009** ************ |
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