Quantum's Industry Leading Q-Lite® CNG Storage Tank Selected for Use in New Direct Injection Bi-fuel Product Line
LAKE FOREST, Calif., Nov. 13, 2014 /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 AGA Systems, an industry leader of EPA Certified General Motors bi-fuel CNG products, has selected Quantum's Q-Lite CNG storage tanks for use in its new bi-fuel CNG products targeted for trucks equipped with General Motors' 5.3L and 6.2L direct injection engine.
"We are excited to have AGA Systems as a customer and to support their GM aftermarket programs," said Brian Olson, President and CEO of Quantum. "These light-duty conversions are economical and extremely beneficial to fleet owners and consumers who are making a smart transition to natural-gas powered vehicles."
Quantum's proprietary, light-weight Q-Lite CNG storage tanks provide light, medium and heavy-duty trucks the best range, capacity and performance compared to competing tanks.
About Quantum: Quantum Fuel Systems Technologies Worldwide, Inc. is a leader in the innovation, development and production of natural gas fuel storage systems and the integration of vehicle system technologies including engine and vehicle control systems and drivetrains. Quantum produces one of the most innovative, advanced, and light‐weight compressed natural gas storage tanks in the world and supplies these tanks, in addition to fully‐integrated natural gas storage systems, to truck and automotive OEMs and aftermarket and OEM truck integrators. Quantum provides low emission and fast‐to‐market solutions to support the integration and production of natural gas fuel and storage systems, hybrid, fuel cell, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum is headquartered in Lake Forest, California, and has operations and affiliations in the United States, Canada, and India.
About AGA Systems: AGA Systems is a proven industry leader in EPA Certified General Motors bi-fuel CNG conversion products. The company designs and manufactures proprietary bi-fuel CNG systems providing vehicle owners with the many transportation fuel benefits of clean, economical compressed natural gas. AGA Systems EPA Certified bi-fuel CNG products are now available through certified installers for 2014 and 2015 Chevrolet Silverado and GMC Sierra 1500 pickups and vans, the entire SUV family (Tahoe, Suburban, Yukon, Yukon XL, Escalade and Escalade ESV) and the GM Tahoe PPV (police pursuit vehicle) equipped with the General Motors 5.3 L and 6.2 L Direct Injection engine families in addition to the entire line GM light and medium duty trucks using the 6.0 L engine platform.
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. Risk factors include the growth of the CNG market and acceptance of the Company's product. 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 about the products and services of Quantum can be found at http://www.qtww.com/ or you may contact:
Quantum Investor Relations
Phone: 949-399-4555
Email: [email protected]
More information about the products and services of AGA Systems can be found at www.agasystemsinc.com or you may contact:
AGA Systems Sales
Phone: 801-290-8010
Email: [email protected]
SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.
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