Quantum Technologies Files Shelf Registration Statement to Replace Expiring Shelf Registration Statement
LAKE FOREST, Calif., Aug. 29, 2014 /PRNewswire/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (the "Company") (NASDAQ: QTWW), a global leader in natural gas storage systems, integration and vehicle system technologies, today announced that it has filed a new shelf registration statement on Form S-3 with the Securities and Exchange Committee (the "SEC"). This new shelf registration statement will replace the Company's existing shelf registration statement that expires on September 29, 2014.
The Company does not have any immediate plans to offer or sell the securities under this registration statement although this shelf registration statement may be used in connection with the issuance of shares of common stock upon exercise of outstanding warrants that were previously issued under the expiring shelf registration statement.
After the shelf registration statement becomes effective, this shelf registration statement would allow the Company to issue, from time to time, various types of securities, including common stock, preferred stock, debt, warrants and rights, or any combination thereof. The specific terms of any securities offered will be described in a related prospectus supplement to be filed separately with the SEC at the time of the offering.
The registration statement relating to these securities was filed with the SEC but has not yet become effective. The information in the registration statement, and the prospectus contained therein, is incomplete and may be changed. These securities may not be sold, nor may offers to buy the securities be accepted, prior to the time the registration statement becomes effective and a prospectus supplement is filed relating to the particular offering of securities. This press release shall not constitute an offer to sell the securities or the solicitation of an offer to buy any of the securities. Any offering of the securities will be made solely by means of the prospectus contained in the registration statement, when effective, and an accompanying prospectus supplement relating to that offering. A copy of the prospectus included in the registration statement, and any prospectus supplement relating to an offering of the securities in the future, may be obtained on the SEC's website at www.sec.gov or by contacting Quantum's Investor Relations department.
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.
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.