Phoenix Motorcars' SUT on Display at Petersen Automotive Museum

ONTARIO, Calif. – March 2, 2007 –Ed Begley Jr. Actor/Environmental Activist rolled out the green carpet at the Petersen Automotive Museum at last night's debut party for Phoenix Motorcars. Over 400 environmentalists, investors and Hollywood stars gathered for the unveiling and induction of the only five-passenger, all-electric, freeway-speed sport utility truck (SUT) in America.

"Phoenix is so appreciative to Ed Begley for his tireless efforts in helping to create awareness, not only of this vehicle, but of the larger environmental issues that all of us face," said Dan Elliott, CEO of Phoenix Motorcars. "We're equally as excited to be working with a team of brilliant partners, Altairnano Technologies, Boshart Engineering and UQM Technologies."

Phoenix's customized red and black SUT will be on display at the Alternative Power exhibition along with a dozen other alternative fuel vehicles located on the second floor of the Petersen Automotive Museum. The 35,000 square foot showroom displays revolving exhibits in five main galleries featuring automobiles.

"This electric vehicle is rising from the ashes of the failed electric car industry," said Ed Begley Jr. "This is a cool vehicle. It is fast, green and attractive."

During the party, attendees had the opportunity to get behind the wheel to test-drive the Phoenix SUT and raved about their driving experience and its overall performance. Chris Paine, director of "Who Killed the Electric Car?" was one of the first to test-drive the Phoenix Motorcars SUT. "

This electric vehicle is amazing. It drives like a real car, except that it has no noise and does not pollute the environment." "

This electric vehicle is suitable for my lifestyle," said Daryl Hannah, Actress. "Most electric vehicles I have seen are compact and this SUT is spacious and has its own style."

Phoenix's SUT is a battery-electric vehicle that eliminates noise and toxic vehicle emissions that contribute to air pollution. The zero-emission SUT can easily cruise at freeway-speeds while carrying five passengers and a full payload. The SUT exceeds all specifications for a Type III ZEV, having a driving range of over 100 miles, can be recharged in less than 10 minutes and has a battery pack with a life of 12 years or more. It is powered by UQM Technologies, Inc's (AMEX: UQM) propulsion system, utilizes Boshart Engineering's homologation process and is equipped with a non-toxic, revolutionary Altairnano NanoSafe™ (NASDAQ: ALTI) all-battery pack.

ABOUT PHOENIX MOTORCARS, INC.
Phoenix Motorcars Inc., a privately-held company headquartered in Ontario, Calif., has been an industry leader in the development of battery-electric, freeway-speed vehicles since 2001. The mission of Phoenix Motorcars is to manufacture zero-emission vehicles including Sport Utility Trucks and Sport Utility Vehicles to reduce the toxic emissions from the largest contributor to air pollution, personal automobiles. Phoenix Motorcars has strategic alliances with UQM Technologies (AMEX: UQM), Altair Nanotechnologies, Inc. (NASDAQ: ALTI) and Boshart Engineering.

For additional information, visit www.phoenixmotorcars.com

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