Quantum: Compliance with Nasdaq's Continued Listing Requirements
Quantum Fuel Systems Technologies Worldwide, Inc. announced that it received written notification from The Nasdaq Stock Market ("Nasdaq") that the Company has regained compliance with Nasdaq's Listing Rule 5250(c)(1) and that the Company's common stock will remain listed on Nasdaq.
On January 29, 2010, the Company announced that it had received a letter from Nasdaq stating that the Company was in violation of Listing Rule 5250(c)(1) because it failed to file its Quarterly Reports on Form 10-Q for the fiscal quarters ended July 31, 2009 and October 31, 2009 ("Delinquent Quarterly Reports") and that, as a consequence of such violation, the Company's common stock would be delisted on February 4, 2010. Â On February 11, 2010, the Company filed the Delinquent Quarterly Reports and is now current in its periodic filings. Â On February 12, 2010, the Company received written notification from Nasdaq that by filing the Delinquent Quarterly Reports it had regained compliance with Listing Rule 5250(c)(1) and the Company's common stock will remain listed on Nasdaq.
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 portfolio of technologies includes electronic controls, hybrid electric drive systems, hydrogen storage and metering systems and alternative fuel vehicle technologies that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and alternative fuel 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, 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 http://www.qtww.com/.
For more information regarding Quantum, please contact: