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Quantum Fuel Systems: Orders for Natural Gas Vehicle Fuel Storage Systems
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Quantum Fuel Systems Technologies Worldwide, Inc., a global leader in natural gas, hydrogen and hybrid electric vehicle technologies, today announced it has received additional purchase orders exceeding $700,000 for its ultra light weight composite high pressure compressed natural gas (CNG) storage tanks for applications in heavy duty and light duty fleet vehicles.
Alan Niedzwiecki, President and CEO of Quantum, stated, "The low natural gas prices, combined with the availability of new EPA-compliant natural gas trucks from major OEMs is prompting many corporations to re-evaluate their fleet strategies to include clean natural gas trucks. Natural gas vehicles are an ideal solution to meet corporate 'greening' and sustainability goals, while also benefiting from tremendous savings in fuel costs."
Quantum's composite tanks are the lightest in the industry, requiring less structure for mounting support, thereby increasing payload and passenger capacity. In addition, Quantum's tanks maximize on board storage capacity resulting in greater driving range. These advantages, in addition to ease of installation and service, distinguish Quantum's carbon composite tanks from the competing metallic tanks. Quantum has supplied in excess of 20,000 OEM-quality natural gas vehicle fuel systems to General Motors since 1997.
About Quantum
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 Solarpower 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.
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.
Email: [email protected]
310-541-6824
Dale Rasmussen
Investor Relations
Email: [email protected]
206-315-8242
Quantum Fuel Systems Technologies Worldwide, Inc., a global leader in natural gas, hydrogen and hybrid electric vehicle technologies, today announced it has received additional purchase orders exceeding $700,000 for its ultra light weight composite high pressure compressed natural gas (CNG) storage tanks for applications in heavy duty and light duty fleet vehicles.
Alan Niedzwiecki, President and CEO of Quantum, stated, "The low natural gas prices, combined with the availability of new EPA-compliant natural gas trucks from major OEMs is prompting many corporations to re-evaluate their fleet strategies to include clean natural gas trucks. Natural gas vehicles are an ideal solution to meet corporate 'greening' and sustainability goals, while also benefiting from tremendous savings in fuel costs."
Quantum's composite tanks are the lightest in the industry, requiring less structure for mounting support, thereby increasing payload and passenger capacity. In addition, Quantum's tanks maximize on board storage capacity resulting in greater driving range. These advantages, in addition to ease of installation and service, distinguish Quantum's carbon composite tanks from the competing metallic tanks. Quantum has supplied in excess of 20,000 OEM-quality natural gas vehicle fuel systems to General Motors since 1997.
About Quantum
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 Solarpower 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.
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.
Email: [email protected]
310-541-6824
Dale Rasmussen
Investor Relations
Email: [email protected]
206-315-8242