Quantum Technologies: Offering of Convertible Notes and Warrants closed

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LAKE FOREST,California - Quantum Fuel Systems Technologies Worldwide, Inc., a global leader in natural gas storage systems, integration and vehicle system technologies, announced that it closed its previously announced $11.0 million private placement offering of 2% senior secured convertible notes and warrants (the "Offering") on September 18, 2013. Craig-Hallum Capital Group LLC acted as the Company's placement agent.

The senior secured convertible notes and warrants have not been registered under the Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold inthe United Statesabsent registration or an applicable exemption from registration requirements.

In connection with the Offering, the Company terminated its At The Market Sales Agreement with Ascendiant Capital Markets, LLC ("Ascendiant"), pursuant to which the Company, from time to time, could issue and sell through Ascendiant, acting as the Company's sales agent, shares of the Company's common stock.

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
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