Quantum Technologies Appoints W. Brian Olson to its Board of Directors; Sets
Date for 2013 Annual Meeting of Stockholders
LAKE FOREST, Calif., Dec. 21, 2012
LAKE FOREST, Calif., Dec. 21, 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 that its Board of Directors has appointed W. Brian Olson to serve on
the Company's Board of Directors. Mr. Olson has been serving as the Company's
President and Chief Executive Officer since May 2012, and previously served as
the Company's Treasurer and Chief Financial Officer since 2002.
"We are pleased to have Brian join the Board," said Jonathan Lundy, Chairman
of the Board. Mr. Lundy added, "Since taking over as President and Chief
Executive Officer, Brian has shown tremendous integrity and leadership skills
and has worked diligently on defining a clear path forward for the Company,
which the Board fully endorses, and is excited about."
2013 Annual Meeting of Stockholders
The Company also announced that its 2013 annual meeting of stockholders (the
"2013 Annual Meeting") will be held on April 11, 2013. The record date, time
and location of the Annual Meeting will be as set forth in the Company's proxy
statement for the Annual Meeting.
Because the date of the Annual Meeting has changed by more than 30 days from
the prior year's annual meeting date, proposals of stockholders intended to be
included in our proxy materials for the Annual Meeting must be received by us
no later than January 31, 2013. In addition, pursuant to the Company's
bylaws, stockholders who wish to present a proposal before the Annual Meeting,
but do not intend for the proposal to be included in our proxy statement, must
provide written notice to the Company's Corporate Secretary no later than
January 31, 2013.
Stockholder proposals must be sent to our Corporate Secretary at 25242 Arctic
Ocean Drive, Lake Forest, California 92630. Stockholder proposals must comply
with the rules of the Securities and Exchange Commission and the Company's
bylaws, as applicable.
Quantum Fuel Systems Technologies Worldwide, Inc. is a leader in the
development and production of natural gas fuel storage and system
technologies, alternative fuel vehicles, and advanced vehicle propulsion
systems. Quantum's portfolio of technologies includes natural gas and hydrogen
storage and metering systems, electronic and software controls, hybrid
electric drive systems, and other alternative fuel technologies and solutions
that enable fuel efficient, low emission natural gas and 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, plug-in
hybrid, hydrogen-powered hybrid, fuel cell, and specialty vehicles, as well as
modular, transportable hydrogen refueling stations. 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.
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.
©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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