IRVINE, Calif., Sept. 13, 2011 /PRNewswire/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) announced that it exhibited its F150 Plug-in Hybrid Electric (PHEV) pickup truck at the CleanTech OC 2011 Conference and Expo in Irvine, California, on September 12, 2011. The Quantum Ford F150 PHEV is powered by Quantum's "F-Drive" parallel hybrid drive system developed specifically for light duty truck applications. The substantially increased fuel economy of the Quantum F150 PHEV, combined with less maintenance cost, results in significant reduction of operating costs for the fleet operators without sacrificing reliability. CleanTech OC is a collaborative, multi-disciplinary trade association that seeks to promote economic growth in the Orange County clean technology industry, which is likely to be one of the most significant engines for job growth in Southern California over the next decade.
"We are pleased to have showcased the Quantum F150 PHEV at CleanTech OC 2011," said Alan Niedzwiecki, President and CEO of Quantum. "It demonstrates that Orange County is on the leading edge in providing usable and reliable alternative drive transportation solutions for which the Quantum F150 PHEV is a prime example. All fleets are faced with the challenge of reducing operating costs and lowering their carbon footprint and emission profile without forfeiting the reliability of their fleet in operation. The F150 PHEV provides a solution to that challenge."
Participants at the CleanTech OC 2011 Conference included leading corporations such as Disneyland, Allergan, KPMG International, Boeing and the Irvine Company and public agencies such as California Public Utilities Commission, California Energy Commission and Anaheim Public Utilities.
Last year, after dozens of applications were reviewed, Quantum was selected and honored as CleanTech OC Company of the Year. Brian Olson, Chief Financial Officer of Quantum Technologies, presented the 2011 Award to this year's recipient.
More information about CleanTech OC can be found at: http://www.cleantechoc.org/
F150 PHEV Technical Specifications
The F-Drive system provides a unique combination of low operating costs through substantially increased fuel efficiency, reliability, low maintenance cost, emission reduction benefits and extended range capability. Ideal for fleet vehicle driving characteristics, the F150 PHEV has a 35 mile electric-only range, shifting to hybrid electric mode thereafter for a total range of over 400 miles. The F-Drive, has been integrated in the F150 pickup truck such that there is no impingement into the cab or cargo bed and maintains full ground clearance. The F150 PHEV fleet vehicles, incorporating Quantum's F-Drive, will meet Department of Transportation Federal Motor Vehicles Safety Standards, US Environmental Protection Agency, California Air Resources Board emission requirements, and incorporate Dow Kokam Lithium Ion batteries.
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 including final delivery of the vehicles, any futures orders 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.
SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.