Quantum to Expand Manufacturing Capacity for Lightweight Natural Gas Vehicle Storage Systems to Meet Strong Customer Demand -

 Quantum to Expand Manufacturing Capacity for Lightweight Natural Gas Vehicle
Storage Systems to Meet Strong Customer Demand - Doubling Production Capacity
                                in California

-- Secures Capital Lease Financing for Capacity Expansion --

PR Newswire

LAKE FOREST, Calif., Nov. 9, 2012

LAKE FOREST, Calif., Nov. 9, 2012 /PRNewswire/ --Quantum Fuel Systems
Technologies Worldwide, Inc. (the "Company") (NASDAQ:QTWW), a global leader
in natural gas, hybrid/electric and hydrogen vehicle technologies, today
announced its plans to expand manufacturing capacity for its industry-leading
lightweight, polymer-lined carbon composite natural gas on-board fuel storage
tanks to meet the accelerating demand from North America's leading OEMs,
fleets and system integrators. The Company's planned facility expansion is
expected to double its current production capacity by setting up state-of-the
art manufacturing lines at a 60,000 sq. ft. building adjacent to its existing
30,000 sq. ft. factory in Lake Forest, California. The combined 90,000 sq. ft.
required for the planned expansion is currently under existing lease
arrangements.

(Photo: http://photos.prnewswire.com/prnh/20121109/LA09718)

In connection with the planned expansion, Quantum also announced that it has
closed on a $3.25 million capital lease financing arrangement with Amur
Investment Company LLC, the proceeds of which will primarily be used to fund
the purchase of new equipment related to the planned expansion.

The expansion has been initiated and is expected to provide additional
capacity starting in the first quarter of calendar 2013 with continued
incremental capacity coming on-line throughout the first six months of
calendar 2013.

Quantum has previously announced a significant increase in new orders for its
CNG fuel storage systems in 2012 compared to orders received during the same
period in 2011 from leading natural gas vehicle system integrators and system
developers for supplying its industry-leading, ultra-lightweight carbon
compositecompressed natural gas (CNG) storage tanks for a variety of
transportation applications ranging from Class 1 to Class 8 natural gas
trucks. Quantum has recently announced the roll-out of its new Q-Lite™ series
of range-enhancing ultra-lightweight natural gas storage systems, aimed at
creating sizeable new opportunities with the heavy duty long-haul and medium
duty vehicle segments, among others."We are pleased to announce this
production expansion plan for our existing Lake Forest, California facility
and the non-dilutive equipment financing to begin this expansion," said Brian
Olson, President and CEO of Quantum. "The broadening interest in natural gas
has driven a significant increase in demand for Quantum's proven
industry-leading, high capacity ultra light-weight natural gas vehicle fuel
systems and we expect growth to continue in 2013 and beyond."

About Quantum:

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.

About Amur Investment Company:

Amur Investment Company LLC (AIC) is a commercial finance company that
acquires and leases portfolios of transportation, commercial or industrial
equipment, and provides or acquires loans, or acquires other financial
assets.AIC is a wholly owned subsidiary of Amur Capital Group ("Amur").
Amur is a management-owned asset management firm/merchant bank focused on
transportation, commercial and financial assets in a broad range of
industries. Amur invests seamlessly across loan and debt securities, along
with investing in companies or co-investing with companies in physical
assets. Amur also provides strategic advice, global solutions and flexibility
for the companies it invests in/with via its investment banking/advisory arm."

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 the ability of Quantum to
complete the expansion as planned, whether the planned expansion will result
in the expected increase in production, whether the demand for our CNG
products continues in the future and the levels we expect, whether we are able
to maintain our competitive advantage in the marketplace, and the continued
competitiveness of natural gas as an attractive alternative fuel. For
additional risk factors, see the "Risk Factors" section contained in the
Company's Annual Report on Form 10-KT and each subsequently filed Quarterly
Report on Form 10-Q. 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 our products and services at
http://www.qtww.com/ or you may contact:

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

©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.

Website: http://www.qtww.com
 
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