LAKE FOREST, Calif., July 9, 2013 /PRNewswire/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW), a global leader in natural gas storage systems, integration and vehicle system technologies, today announced that it has received an order for its industry-leading Q-LiteTM compressed natural gas (CNG) fuel storage vessels from a customer with broad industry reach. This sales order and growing opportunity signifies expansion into the surging CNG after-market segment in the central part of the United States.
"We are pleased to broaden our market reach into natural gas-rich Texas and the Mid-West region, and excited by the market momentum driven by aftermarket conversions," said Brian Olson, President and CEO of Quantum. "Our ability and success in optimizing CNG storage systems for the OEM market is now being fully leveraged into the aftermarket. We believe the potential in this market across North America is very significant."
Quantum showcased its ultra-lightweight natural gas storage tanks and fully-integrated, factory-tested bolt-on systems at the largest clean vehicle show, ACT Expo in Washington D.C. June 24-27th, which drew in excess of 3,000 visitors including fleet managers and leading system integrators. Quantum designs, engineers manufactures and assembles state-of-the-art carbon composite fuel tanks and integrated systems at its advanced technology campus, located in Lake Forest, California.
Quantum Fuel Systems Technologies Worldwide, Inc. is a leader in the innovation, development and production of natural gas fuel storage systems and the integration of vehicle system technologies including engine and vehicle control systems and drivetrains. Quantum produces one of the most innovative, advanced, and light‐weight compressed natural gas storage tanks in the world and supplies these tanks, in addition to fully‐integrated natural gas storage systems, to truck and automotive OEMs and aftermarket and OEM truck integrators. Quantum provides low emission and fast‐to‐market solutions to support the integration and production of natural gas fuel and storage systems, hybrid, fuel cell, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum is headquartered in Lake Forest, California, and has operations and affiliations in the United States, Canada, and India.
Forward Looking Statements:
This press release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements included in this report, other than those that are historical, are forward‐looking statements and can generally be identified by words such as "may," "could," "will," "should," "assume," "expect," "anticipate," "plan," "intend," "believe," "predict," "estimate," "forecast," "outlook," "potential," or "continue," or the negative of these terms, and other comparable terminology. Various risks and other factors could cause actual results, and actual events that occur, to differ materially from those contemplated by the forward looking statements. The Company undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.
More information about the products and services of Quantum can be found at http://www.qtww.com/ or you may contact:
Brion D. Tanous
CleanTech IR, Inc.
SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.