IRVINE, Calif., June 2 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) today announced that it has retained CleanTech IR, Inc. to serve as its investor relations firm. CleanTech IR will develop an investor relations program for Quantum that focuses on increasing the company's visibility within the buy-side and sell-side investment communities.
"Quantum is embarking on major hybrid vehicle initiatives, including Fisker Automotive, supplying its proprietary Q-Drive™ hybrid drive train for Fisker's line of planned PHEVs," said Brion D. Tanous of CleanTech IR. "In addition, we believe Quantum's acquisition of Schneider Power will become a significant wind and solar PV farm development business for the company based on its strong pipeline of projects."
"We look forward to leveraging CleanTech IR's extensive relationships in our sector as we work to build our institutional investor base and expand our research analyst coverage," said Alan P. Niedzwiecki, President and CEO of Quantum. "Given our anticipated ramp-up in operations over the next twelve months, we look forward to working with CleanTech IR to increase our market visibility."
About CleanTech IR, Inc.
Based in Los Angeles, California, CleanTech IR, Inc. is a full service investor relations firm focused on helping clean technology and energy related companies convey their message to the investment community. Extensive expertise in the clean tech sector coupled with established investor and analyst relationships gives them a unique ability to reach out to investors in this market place. The company currently serves clients in the solar power, hybrid and electric vehicle, coal-to-liquids, energy storage, wave energy generation, and energy efficiency markets.
More information can be found about Quantum's products and services at www.Cleantech-IR.com
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., complements Quantum's emerging renewable energy presence through the development and ownership of wind and solar farms.
Quantum's portfolio of technologies includes electronic controls, hybrid electric drive systems, 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, alternative 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.
More information can be found about Quantum's products and services at www.qtww.com.
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 forwardlooking 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, such as Quantum's ability to raise sufficient capital to meet its anticipated ramp-up in operations over the next twelve months, whether Quantum is able to successfully transition to a supplier to Fisker Automotive and meet Fisker Automotive's requirements as to price, performance, quality and delivery for the Fisker Karma vehicle platform or any other vehicle platforms, whether Quantum is chosen as a supplier of components for any future Fisker Automotive vehicle platforms, whether Schneider Power can obtain sufficient capital to successfully develop its pipeline of wind and solar energy projects, and those other risk factors described in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2009 and Quarterly Reports on Form 10-Q for the fiscal quarters ended July 31, 2009, October 31, 2009 and January 31, 2010. Except as otherwise required by law, 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.
For more information regarding Quantum, please contact:
SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.