LAKE FOREST, Calif., Feb. 26, 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 its new line of Q-Lite™ ultra-light-weight compressed natural gas (CNG) tanks, demonstrate fully-integrated factory-assembled fuel systems and introduce new natural gas engine systems at the NTEA Work Truck Show to be held on March 5th in Indianapolis.
The technological innovations in the new Q-Lite series of on-board fuel storage tanks yield a lighter, but even more robust storage unit with improved volumetric and gravimetric efficiencies. Additionally, Quantum has evaluated and upgraded all other components and substituted new lighter weight materials including aircraft grade aluminum and premium polymers to reduce overall tank weight by an additional 8%. These technological improvements and efficiencies combine to solidify Q-Lite as the lightest, highest capacity and competitive tank in the industry.
"Quantum has a demonstrated track record of providing natural gas fuel systems of exceptional quality, durability, and value for our customers," said Brian Olson, President and Chief Executive Officer of Quantum.
Quantum will also demonstrate its integrated fuel storage systems that leverage the industry-leading Q-Lite gaseous fuel storage technology and expertise in safety-critical structural design, high strength materials and topology optimization. Quantum will also introduce its fuel metering technology on a natural gas engine for medium to heavy duty applications.
Quantum designs, manufactures and markets one of the lightest and most advanced natural gas tanks and fuel storage systems in the world. They are up to 80% lighter than competing steel tanks, and provide up to 30% more fuel capacity compared to competing aluminum tanks. Quantum is recognized around the world for its fuel storage systems, having sold more than 20,000 CNG fuel systems to General Motors and other customers.
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.
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 at http://www.qtww.com/ or you may contact:
Brion D. Tanous
Principal, CleanTech IR, Inc.
©2013 Quantum Fuel Systems Technologies Worldwide, Inc.
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SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.