Quantum Announces New Q-Lite™ Series of Range Enhancing Ultra-Lightweight
Natural Gas Vehicle Fuel Storage Systems
LAKE FOREST, Calif., Nov. 6, 2012
LAKE FOREST, Calif., Nov. 6, 2012 /PRNewswire/ --Quantum Fuel Systems
Technologies Worldwide, Inc. (Nasdaq: QTWW) today announced the roll-out of
its new and enhanced natural gas storage technology aimed at creating sizeable
new opportunities within the heavy duty long-haul and medium duty vehicle
segments, among others. This next generation of proprietary advanced fuel
storage technology incorporates state-of-the-art materials and innovative
design characteristics to further support rapid commercialization of natural
gas powered internal combustion engine vehicles. The new Q-Lite™ series of
fuel systems have been optimized to maximize vehicle range by means of
dematerialization and application of new generation materials, by leveraging
Quantum's technology leadership in extreme high pressure hydrogen storage.
"Quantum is a solution-driven company, committed to providing innovative and
cost-effective solutions to our customers," commented Brian Olson, Quantum's
Chief Executive Officer and President. "The Q-Lite technology is the first in
a planned series of advanced fuel system technologies enabling broader scale
adoption through lighter weight and more robust storage systems."
This new and enhanced ultra-lightweight natural gas storage technology
includes a unique one-piece lightweight liner system that maximizes storage
capacity, and new generation shock absorbers and a highly optimized corrosion
and fatigue-resistant structural shell that incorporates high strength
lightweight aluminum fittings. Developed at Quantum's Technology Center in
Lake Forest, California, the advanced composite natural gas storage cylinder
provides dramatic weight reduction, increased fuel storage capacity, and the
capability to integrate on vehicles with simple lightweight brackets,
resulting in an overall reduction in fuel system weight.
Quantum Fuel Systems Technologies Worldwide, Inc. is a leader in the
development and production of advanced vehicle propulsion systems, fuel
storage technologies, and alternative fuel vehicles. Quantum's portfolio of
technologies includes electronic and software controls, hybrid electric drive
systems, natural gas and hydrogen storage and metering systems and other
alternative fuel technologies and solutions that enable fuel efficient, low
emission, natural gas, hybrid, plug-in hybrid electric and fuel cell vehicles.
Quantum's powertrain engineering, system integration, vehicle manufacturing,
and assembly capabilities provide fast-to-market solutions to support the
production of natural gas, hybrid and plug-in hybrid, hydrogen-powered hybrid,
fuel cell, and specialty vehicles. Quantum's customer base includes automotive
OEMs, fleets, aerospace industry, military and other governmental agencies,
and other strategic alliance partners. Quantum's wholly owned subsidiary,
Schneider Power Inc., and affiliate, Asola Solarpower GmbH, complement
Quantum's alternative and renewable energy presence through the development
and ownership of wind and solar farms, and the manufacture of high efficiency
solar modules for traditional and automotive applications.
Quantum is headquartered in Lake Forest, California, and has operations and
affiliations in the USA, Canada, Germany and India.
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 Quantum's ability to produce and
commercialize this next-generation tank technology, secure materials and
manufacture tanks to meet the customer demand, the customer's ability to
market the natural gas vehicles, continued domestic availability of low cost
shale gas, and the decisions by fleet managers to purchase natural gas trucks.
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 can be found about the products and services of Quantum at
http://www.qtww.com/ or you may contact:
Brion D. Tanous
Principal, CleanTech IR, Inc.
©2012 Quantum Fuel Systems Technologies Worldwide, Inc.
Advanced Technology Center
25242 Arctic Ocean Drive, Lake Forest, CA 92630
Phone 949-399-4500 Fax 949-399-4600
SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.
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