Quantum Enters Partnership With Linde To Supply Hydrogen Dispensing Systems

  Quantum Enters Partnership With Linde To Supply Hydrogen Dispensing Systems

Quantum Receives Initial Purchase Order as Part of the Three-Year Partnership
 Covering Supply and Commissioning of Compressed Hydrogen Fueling Dispensers

Business Wire

LAKE FOREST, Calif. -- February 4, 2013

Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW), a leader in
natural gas, alternative fuel systems and clean propulsion vehicle
technologies, announced that it has received a purchase order from Linde LLC,
an affiliate of The Linde Group, a world-leading gases and engineering
company, for gaseous hydrogen refueling dispensers, as the first order under
the partnership.

“We are excited about the partnership with Linde and pleased to supply
state-of-the-art, high quality dispenser systems in support of Linde’s
roll-out of compressed hydrogen refueling infrastructure in the USA,” said
Brian Olson, President and CEO of Quantum. “Quantum has been in the forefront
of supplying industry-leading, high capacity, ultra-lightweight gaseous fuel
storage and refueling systems to global automakers, and we are pleased to
bring our technology and experience to one of the largest hydrogen suppliers
in the world.”

Steve Eckhardt, Linde’s program manager for hydrogen fueling said, “Linde’s
partnership with Quantum leverages our industry-leading high performance
hydrogen compression and fueling station technology and helps Linde meet its
commitment to bring safe, reliable and fast-fueling hydrogen stations to the
consumers of fuel cell vehicles. Linde is spending millions of dollars on
California-based companies in the deployment of hydrogen fueling stations and
this expands that investment in the State via the design and build of a
critical component of the station, the hydrogen fueling dispenser. The
Linde-Quantum partnership will create jobs and expand technology development
in California.”

The hydrogen systems will be specially designed, built and commissioned in
support of Linde’s USA-based hydrogen refueling station projects. Linde is a
leader in the design, construction and operation of the most efficient and
reliable hydrogen vehicle fueling systems with over 80 hydrogen fueling
stations engineered and supplied around the world. The systems will support
refueling at both 5,000 and 10,000 psi (35 and 70 MPa) service pressures, and
will come integrated with a remote gas management system, authentication and
point of sale systems. Quantum holds multiple patents related to hydrogen
fueling systems, and has designed and built 13 systems for General Motors,
Shell Oil, the US Army, AeroVironment/NASA and others in support of hydrogen
fuel cell programs.

About Linde:

The Linde Group is a world-leading gases and engineering company with around
62,000 employees in more than 100 countries worldwide. In the 2011 financial
year, Linde generated revenue of EUR 13.787 bn (USD 18.1 bn). The strategy of
the Group is geared towards long-term profitable growth and focuses on the
expansion of its international business with forward-looking products and
services. Linde acts responsibly towards its shareholders, business partners,
employees, society and the environment – in every one of its business areas,
regions and locations across the globe. The Group is committed to technologies
and products that unite the goals of customer value and sustainable
development.

Under the ”Clean Technology by Linde“ label, the company offers a wide range
of products and technologies that help to render renewable energy sources
financially viable, and significantly slow down the depletion of fossil
resources or reduce the level of CO[2] emitted. This ranges from specialty
gases for solar module manufacturing, industrial-scale CO[2] separation and
application technologies to alternative fuels and energy carriers such as
liquefied natural gas (LNG) and hydrogen.

For more information go to http://www.linde.com/cleantechnology.

About Quantum:

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.

Quantum 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 complete the
design, secure materials and build refueling dispensers to meet the customer
demand and the continued funding for hydrogen vehicles and infrastructure.
Quantum 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.
Email: btanous@cleantech-ir.com
310-541-6824

Contact:

Linde Corporate Communications
Amy Ficon, 908-771-1491
amy.ficon@linde.com
 
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