Quantum Receives Order for Back-of-Cab CNG System for use in Heavy Duty Refuse Truck Application −Represents a New Market for Quantum's Innovative Back-of-Cab Storage Module
LAKE FOREST, Calif., June 25, 2014 /PRNewswire/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW), a global leader in natural gas storage systems, integration and vehicle system technologies, has received an order for delivery of its industry leading, light-weight 123 DGE Back-of-Cab (BOC) system for use in a heavy-duty refuse truck application.
Quantum's BOC systems are produced and assembled at Quantum's tank manufacturing and integration facility in Lake Forest, California. The refuse customer uses Peterbilt 355 trucks and the installation and service program will be managed through the Peterbilt dealership network. The installation will also be supported by Quantum utilizing its dealer training and post-sales service program that was implemented this year.
"We are excited about the opportunity this order presents within a new application market for Quantum, and the ability to work with the Peterbilt dealership network on this program," said Mr. Brian Olson, President and CEO of Quantum. "In addition to the growing market for heavy-duty CNG Class 8 tractors, there is steady growth in refuse applications. This program adds to our existing programs that leverage heavy duty OEM dealerships, transportation companies and other truck associations for installation, training and service that will enable build-out and service support in this industry," concluded Mr. Olson.
Quantum's robust structural design, based on OEM-level requirements such as Advanced Product Quality Planning (APQP), as well as its ultra lightweight Type IV tank technology offers end users a complete high quality storage system with lower operating costs and faster return on investment. Additionally, Quantum's on-site dealer and technician training and post-sales service program provide for technical training and support, training manuals, hotlines, warranty administration and regional technical support staff.
About Quantum: 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. Risk factors include the growth of the CNG market and acceptance of the Company's product. 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:
Quantum Investor Relations
SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.