Quantum Announces the Launch of Fully-Integrated and Assembled Advanced Natural Gas Fuel Storage System Solutions
LAKE FOREST, Calif., Dec. 12, 2012 /PRNewswire/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW), a leader in natural gas, alternative fuel systems and clean propulsion vehicle technologies, today announced the launch of pre-assembled, quality tested and fully-validated natural gas storage modules and system assemblies for quick integration on to a variety of vehicle platforms. The new integrated systems leverage Quantum's industry-leading Q-Lite™ ultra-lightweight, carbon-composite gaseous fuel storage technology and expertise in safety-critical structural design, high strength materials and topology optimization to provide intelligent lightweight systems that maximize on-board fuel storage and contribute to superior fuel economy, handling and low emission performance.
"We are pleased to provide fully-integrated and pre-assembled advanced natural gas fuel systems to our OEM and fleet customers," said Brian Olson, President and Chief Executive Officer of Quantum. "Quantum has a strong and innovative record in vehicle engineering and system integration as demonstrated by successful launches of various General Motors natural gas vehicle production platforms, hydrogen fuel cell vehicles, military hybrid electric vehicles, electric vehicle prototypes for the US Postal Service, and the Fisker Karma plug-in hybrid vehicle."
Developed at Quantum's technology campus in Lake Forest, California, Quantum's advanced natural gas storage systems provide dramatic weight reduction, increased fuel storage capacity, and the capability to quickly integrate these systems. Quantum combines more than 15 years of system integration experience with strong expertise in software, calibration, fuel system integration, emission and durability testing, validation, and manufacturing capabilities.
Quantum Fuel Systems Technologies Worldwide, Inc. is a leader in the development and production of natural gas fuel storage and system technologies, alternative fuel vehicles, and advanced vehicle propulsion systems. Quantum's portfolio of technologies includes natural gas and hydrogen storage and metering systems, electronic and software controls, hybrid electric drive systems, and other alternative fuel technologies and solutions that enable fuel efficient, low emission natural gas and hybrid, plug-in hybrid electric and fuel cell vehicles. Quantum's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of natural gas, plug-in hybrid, hydrogen-powered hybrid, fuel cell, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum's customer base includes automotive OEMs, fleets, aerospace industry, military and other governmental agencies, and other strategic alliance partners. Quantum's wholly owned subsidiary, Schneider Power Inc., and affiliate, Asola Solarpower GmbH, complement Quantum's alternative and renewable energy presence through the development and ownership of wind and solar farms, and the manufacture of high efficiency solar modules for traditional and automotive applications. Quantum is headquartered in Lake Forest, California, and has operations and affiliations in the USA, Canada, Germany 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. Risk factors include Quantum's ability to secure materials and manufacture tanks and systems to meet the customer demand, the customer's ability to market the natural gas trucks and purchase the full quantity of systems anticipated on the purchase order. 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 can be found about the products and services of Quantum at http://www.qtww.com or you may contact:
Brion D. Tanous
Principal, CleanTech IR, Inc.
SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.