IRVINE, Calif., May 27, 2011 /PRNewswire/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) announced that the U.S. Army's Tank Automotive Research, Development and Engineering Center (TARDEC) demonstrated the Clandestine Extended Range Vehicle (CERV) as part of special events ramping to the Indianapolis 500. The U.S. Army labeled the CERV as one of the "greenest technologies" and demonstrated how its advanced hybrid electric powertrain developed by Quantum and TARDEC saves taxpayer dollars and Soldiers' lives.
In support of the U.S. Army's drive for energy efficiency, Quantum developed the Military Aggressor, a first generation fuel cell hybrid electric alternative mobility vehicle (AMV) several years ago. This high performance vehicle was designed for quick-paced mobility operations such as reconnaissance, surveillance and target designation. The CERV is a newer generation stealth vehicle that incorporates Quantum's Q-Force all-wheel drive diesel hybrid-electric technology and a light-weight chassis to produce a torque in excess of 5,000 foot-pounds. The unit has a top speed of 80 mph and climb 60 percent grades, while reducing fuel consumption by up to 25 per cent compared with conventional vehicles of comparable size.
In a recent press release, TARDEC NAC Director Paul Skalny noted, "In keeping with the Nation's interest in fuel efficiency, renewable power and energy security, TARDEC is fully engaged in ambitious programs that push development of hybrid electric vehicles for U.S. military use. Having CERV at the Indianapolis Motor Speedway – the proving ground from which both the defense and automotive industry have learned so much – is a solid indicator of where this technology can go."
Quantum Fuel Systems Technologies Worldwide, Inc., a fully integrated alternative energy company, is a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantum's wholly owned subsidiary, Schneider Power Inc., and affiliate Asola Advanced and Automotive Solar Systems GmbH complement Quantum's emerging renewable energy presence through the development and ownership of wind and solar farms, and manufacture of high efficiency solar modules. Quantum's portfolio of technologies includes electronic controls, hybrid electric drive systems, natural gas and hydrogen storage and metering systems and alternative fuel technologies 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 fuel, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum's customer base includes automotive OEMs, dealer networks, fleets, aerospace industry, military and other government entities, and other strategic alliance partners.
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 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, Schneider Power and Asola at http://www.qtww.com/ or you may contact:
Brion D. Tanous
Principal, CleanTech IR, Inc.
©2011 Quantum Fuel Systems Technologies Worldwide, Inc.
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SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.