Quantum-Tecstar Forms New Company With Unique Performance to Produce Specialty Vehicles

Jan 25, 2006, 00:00 ET from Quantum Fuel Systems Technologies Worldwide, Inc.

    IRVINE, Calif., Jan. 25 /PRNewswire-FirstCall/ -- Quantum Fuel Systems
 Technologies Worldwide, Inc. (Nasdaq:   QTWW) today announced that its
 subsidiary, Tecstar Automotive Group, has formed a new company with Unique
 Performance (Unique) of Fort Worth, Texas to produce high-performance
 specialty vehicles.  Under the terms of the agreement, Tecstar will own 50.1%
 of the new company, to be named "Unique Performance Concepts," and will design
 and manufacture the specialty vehicles.  Unique will, in turn, market the
 vehicles through its extensive distribution channels to new car dealerships
 throughout the United States.
     The first specialty vehicle to be manufactured by this new company will be
 a Special Edition 2006 Ford Mustang designed by famous automotive designer and
 TV personality, Chip Foose.  The new Ford Foose Stallion Mustang will be sold
 through Ford dealerships.  The new company also plans to develop and produce
 several new special edition vehicle platforms, leveraging the strong,
 complementary industry skills of Quantum-Tecstar and Unique.
     The first Foose Stallion Mustang, Serial # 0001, was sold this weekend for
 $155,000 at the prestigious Barrett Jackson Collector Car Auction in
 Scottsdale, Arizona, which aired live on the Speed Channel, Saturday,
 January 21, 2006.
     Alan Niedzwiecki, President and CEO said, "This is the first of several
 near-term, high margin, revenue-enhancing opportunities Quantum anticipates to
 complete over the course of the next few months.  These opportunities are the
 result of our initiatives to utilize our competencies in limited volume
 production and advanced technology for near-term revenue growth.  Our highly
 specialized skill set in turning concepts into limited volume production is in
 growing demand worldwide for applications ranging from hybrid electric
 vehicles, to alternative fuel vehicles, including natural gas, propane, and
 hydrogen, to fuel cell vehicles, as well as for mainstream automotive and
 ultimate high-performance specialty vehicles."
     "We are very pleased to be working with premier specialty vehicle
 manufacturer Unique Performance," added Mr. Niedzwiecki.  "Quantum and Unique
 have a like mindset to produce only the highest quality vehicles and to
 establish a strong recognizable brand.  In addition to working closely with
 Chip Foose, the new company will work with racing legend Carroll Shelby and
 AC, formerly of the UK, to develop other high profile vehicle platforms to be
 sold through auto dealerships throughout North America."
     Other Recent News
     Quantum recently announced securing $6.95 million in congressional funding
 for programs to develop next generation hybrid electric vehicles for the U.S.
 Department of Defense.
     About Quantum
     Quantum and its subsidiary, Tecstar Automotive Group, are leaders in
 powertrain engineering, system integration, and manufacturing of packaged fuel
 systems and accessories for specialty vehicles and applications including fuel
 cells, hybrids, alternative fuels, hydrogen refueling, new body styles,
 mid-cycle vehicle product enhancements and high performance engines and drive
 trains for OEMs and consumers of aftermarket parts and accessories.  Quantum
 also designs and manufactures hybrid and fuel cell vehicles.
     Quantum has product commercialization alliances with General Motors, AM
 General, and Sumitomo.  Quantum's customer base includes General Motors,
 Toyota, Opel, Hyundai, Suzuki, Ford, DaimlerChrysler, AeroVironment, and the
 U.S. Army.
     More information can be found about Quantum's products and services at
     Forward Looking Statements
     Except for historical information, the statements, expectations, and
 assumptions contained in the foregoing press release are forward-looking
 statements.  Such forward-looking statements include, but are not limited to,
 the Company's expectations regarding expected future revenues and operating
 results; future opportunities for Quantum; the Company's ability to fulfill
 orders in the future; and other statements about the future expectations,
 beliefs, goals, plans, or prospects expressed by management.  Such statements
 are subject to a number of risks and uncertainties, and actual results could
 differ materially from those discussed in any forward-looking statement.
 Factors that could cause actual results to differ materially from such
 forward-looking statements include, among other factors, prevailing market
 conditions; the Company's ability to design and market automotive products;
 the Company's ability to meet customer specifications and qualification
 requirements; availability of component parts and raw materials that meet the
 Company's requirements; and the Company's ability to source alternative
 materials and suppliers.  Reference should also be made to the risk factors
 set forth from time to time in the Company's SEC reports, including but not
 limited to those contained in the section entitled "Risk Factors" in the
 Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2005.
 The Company does not undertake to update or revise any of its forward-looking
 statements even if experience or future changes show that the indicated
 results or events will not be realized.
     For more information regarding Quantum, please contact:
     Dale Rasmussen
     Investor Relations
     Email:  DRasmussen@qtww.com
           (C) 2005 Quantum Fuel Systems Technologies Worldwide, Inc.
                           Advanced Technology Center
                    17872 Cartwright Road, Irvine, CA 92614
                      Phone 949-399-4500  Fax 949-399-4600

SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.