Quantum Technologies Receives Order from Major Transportation Company for Light-Weight Back-of-Cab Natural Gas Storage System
LAKE FOREST, Calif., June 17, 2014 /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 from Dillon Transport, an industry leader in temperature-sensitive transportation with 30 years of experience and approximately 20 locations in the U.S., for its fully-integrated Back-of-Cab Fuel Storage System. The Back-of-Cab system includes Quantum's industry leading Q-Lite® compressed natural gas storage tanks.
"We are excited about adding Dillon Transport as a customer and recognize them as an industry leader with strong commercialization interests in natural gas trucks," said Mr. Brian Olson, President and CEO of Quantum. Mr. Olson continued, "Providing transportation companies and fleets with innovative CNG solutions that reduce the weight of the storage system and provide for desired pay back periods is an industry necessity and a catalyst for natural gas vehicle adoption."
"We selected Quantum's highly innovative Back-of-Cab storage system due to the weight savings and the cost-effective aspect of this system," said Mr. Jeff Dillon, President of Dillon Transport. "We have made a full commitment to compressed natural gas trucks and recognize Quantum as a company that can provide attractive storage system solutions and look forward to working with them as our solutions provider for natural gas trucks," continued Mr. Dillon.
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.