Quantum to Unveil Natural Gas Engine Fuel System on a Power Solutions International 8.8-Liter CNG Engine at National Truck Equipment Association (NTEA) Show March 5th in Indianapolis
LAKE FOREST, Calif., Feb. 28, 2013 /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 will showcase a new Power Solutions International (PSI) 8.8-Liter natural gas engine with Quantum's compressed natural gas (CNG) fuel system at the 2013 NTEA Work Truck Show on March 5th in Indianapolis.
The PSI 8.8-Liter CNG engine will come in naturally aspirated and turbocharged variants. The naturally aspirated version will be rated at 250 hp and 500 lb-ft of torque and the turbocharged version at 350 hp and 660 lb-ft of torque. These engine models are specifically matched to the performance required for Class 4-6 trucks where there are very limited options available today. PSI is one of the largest industrial and alternative fuel engine providers in North America with decades of experience in optimizing engines and has supplied in excess of 2 million cost-effective engines for a variety of applications including mobility and power generation.
Quantum is designing, developing, and validating an OEM level CNG fuel supply system to maximize the efficiency and durability of the CNG components. The system is based on the over 20,000 alternative fuel systems that Quantum has supplied to a variety of automotive manufacturers, including General Motors for cars, vans, light-duty and medium-duty trucks over the last two decades. Quantum intends to supply select components to PSI to support volume production of the 8.8-Liter engine.
Packaging the new PSI 8.8-Liter natural gas engine with Quantum's industry-leading Q-Lite™ ultra-lightweight carbon composite natural gas storage systems will enable the companies to provide complete, pre-qualified and fully-integrated CNG drive systems to medium-duty truck manufacturers.
"Medium-duty truck manufacturers haven't had an option for CNG engines in the larger Class 4-6 truck applications," said Gary Winemaster, CEO of Power Solutions International. "Truck OEMs have asked for an engine with the performance of our 8.8-Liter CNG engine and we'll be delivering later this year."
"Quantum is proud to be supporting PSI in the new 8.8-Liter natural gas engine development," said Brian Olson, President and CEO of Quantum. "We are pleased to leverage our experience in developing natural gas fuel systems and performing Tier-1 level system integration, validation and volume production of systems."
Quantum Fuel Systems Technologies Worldwide, Inc. is a leader in the development and production of natural gas fuel storage and system technologies, alternative fuel vehicles, and advanced vehicle propulsion systems. Quantum's portfolio of technologies includes natural gas and hydrogen storage and metering systems, electronic and software controls, hybrid electric drive systems, and other alternative fuel technologies and solutions that enable fuel efficient, low emission natural gas and hybrid, plug-in hybrid electric and fuel cell vehicles. Quantum's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of natural gas, plug-in hybrid, hydrogen-powered hybrid, fuel cell, 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 Lake Forest, California, and has operations and affiliations in the USA, Canada, Germany and India.
About Power Solutions International:
Power Solutions International, Inc. (OTCBB: PSIX) is a leader in the design, engineering and manufacture of emission-certified, alternative-fuel power systems. PSI provides integrated turnkey solutions to global original equipment manufacturers in the industrial off- and on-road markets. The company's in-house design, prototyping, engineering and testing capacities allows PSI to customize clean, high-performance engines that run on a wide variety of fuels including natural gas, propane, biogas and gasoline.
PSI develops and delivers complete power systems with engines ranging from .97-Liter to 22-Liters of displacement, including the new 8.8-Liter engine aimed at the industrial and on-highway markets including medium duty fleets, delivery trucks, school buses and garbage/refuse trucks. PSI power systems are currently used worldwide in power generators, forklifts, aerial lifts, and industrial sweepers, as well as in oil and gas, aircraft ground support, agricultural, and construction equipment.
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. The risk factors include the ability of Quantum to successfully develop the natural gas engine system and secure supply contract for production systems. 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.
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SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.