Quantum Fuel Systems: Bridge Debt repayed

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LAKE FOREST, California - Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq-SMALL: QTWW), a global leader in natural gas storage systems, integration and vehicle system technologies, announced that it used a portion of the proceeds from its recent financing transaction of $11.0 million in convertible notes to repay the entire outstanding principal and accrued interest balances associated with unsecured nonconvertible promissory bridge notes that originated in June and July 2012 (the "Bridge Debt"). The total amount paid in cash to retire the Bridge Debt was approximately $7.3 million, of which $0.2 million represented accrued interest.

The Bridge Notes were unsecured obligations of the Company and were subordinate in all respects to the Company's senior secured indebtedness. Interest had been accruing at a rate of 12% per year and was payable quarterly in arrears on October 1, January 1, April 1 and July 1. The Bridge Notes were scheduled to mature fifteen months following the dates of issuance beginning on September 22, 2013 but the Company had the right to prepay, in whole or in part, at any time without penalty.

"The replacement of the maturing Bridge Notes with the long-term 2% convertible notes that we recently announced has strengthened our financial position," stated Brad Timon, Chief Financial Officer of Quantum. Mr. Timon continued, "We are pleased that we were able to retire the Bridge Debt in a cost-effective manner."

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.

More information about the products and services of Quantum can be found at http://www.qtww.com/ or you may contact:

Brion D. Tanous
Principal
CleanTech IR, Inc.
Email: btanous@cleantech-ir.com
310-541-6824

SOURCE: Quantum Fuel Systems Technologies Worldwide, Inc.
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