Quantum Technologies Regains Compliance with Nasdaq Listing Requirements
LAKE FOREST, Calif., Aug. 15, 2013 /PRNewswire/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) (the "Company"), a global leader in natural gas storage systems, integration and vehicle system technologies, today announced that it has been formally notified by the Nasdaq Stock Market ("Nasdaq") that the Company has regained compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market. The Company received a letter from Nasdaq on August 14, 2013 notifying the Company that because the closing bid price of the Company's common stock was at least $1.00 per share for at least 10 consecutive business days it has regained compliance with The Nasdaq Capital Market's $1.00 minimum bid price rule and the matter is now closed.
"We are very pleased to have regained compliance with the Nasdaq listing requirements and we remain focused on positioning the business for profitability," commented Brad Timon, Chief Financial Officer and Treasurer of 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.
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.
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