IRVINE, Calif., Aug. 24, 2012 /PRNewswire/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW), a global leader in natural gas, hydrogen and hybrid electric vehicle technologies, today announced that its President and CEO, W. Brian Olson, will present at the Southern California Investor Conference. The conference, being held on August 30th, 2012 at the Marriott Hotel, Newport Beach, is sponsored by Merriman Capital, and hosted by the California Equity Research, LLC.
Mr. Olson will present Quantum's decades of experience and investment in alternative fuel systems and advanced propulsion system technologies including natural gas, hybrid/electric and hydrogen vehicles and software control systems. The company has recently streamlined its structure and sharpened its business focus for accelerated growth and performance.
"Quantum has extensive experience in alternative fuel systems and electrification of vehicle propulsion systems for fuel efficiency and emission reduction. We are poised for strong growth driven by the availability of low-cost domestic natural gas and the emergence of stringent fuel economy and emission regulations, which require electric-assist powertrains," said Brian Olson. "I look forward to sharing the latest updates on our business strategy and how we have repositioned our organization for focused execution of our strategy."
Quantum manufactures and supplies high capacity ultra-light weight natural gas storage systems to nation's leading fleets, system integrators and OEMs. Quantum's advanced alternative fuel and/or plug-in-hybrid/electric propulsion systems can be found in vehicles manufactured by global leaders such as GM, Opel, Daimler, Hyundai, Toyota, Suzuki and Ford.
Quantum has recently announced tripling of its manufacturing capacity for carbon composite natural gas vehicle (NGV) tanks, and an increase of nearly 300% in orders received for NGV tanks during the year-to-date period ending July 31, compared to the same period in 2011.
Quantum Fuel Systems Technologies Worldwide, Inc. is a leader in the development and production of advanced vehicle propulsion systems, fuel storage technologies, and alternative fuel vehicles. Quantum's portfolio of technologies includes electronic and software controls, hybrid electric drive systems, natural gas and hydrogen storage and metering systems and other alternative fuel technologies and solutions that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and natural gas vehicles. Quantum's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of hybrid and plug-in hybrid, hydrogen-powered hybrid, fuel cell, natural gas, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum's customer base includes automotive OEMs, fleets, aerospace industry, military and other governmental agencies, and other strategic alliance partners. Quantum's wholly owned subsidiary, Schneider Power Inc., and affiliate, Asola Solarpower GmbH, complement Quantum's alternative and renewable energy presence through the development and ownership of wind and solar farms, and the manufacture of high efficiency solar modules for traditional and automotive applications. Quantum is headquartered in Irvine, California, and has operations and affiliations in the USA, Canada, Germany 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 Quantum's ability to secure equipment and permits for facility expansion, and secure materials and manufacture tanks to meet the customer demand, the customer's ability to market the natural gas vehicles, continued domestic availability of low cost shale gas, and the decisions by fleet managers to purchase natural gas trucks. 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 can be found about the products and services of Quantum at http://www.qtww.com/ or you may contact:
Brion D. Tanous,
Principal, CleanTech IR, Inc.
©2012 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.