Quantum to Showcase Natural Gas Fuel System Innovations at the 2013 National
Truck Equipment Association (NTEA) Show in Indianapolis
LAKE FOREST, Calif., Feb. 26, 2013
LAKE FOREST, Calif., Feb. 26, 2013 /PRNewswire/ --Quantum Fuel Systems
Technologies Worldwide, Inc. (NASDAQ:QTWW), a global leader in natural gas
storage systems, integration and vehicle system technologies, today announced
that it will showcase its new line of Q-Lite™ ultra-light-weight compressed
natural gas (CNG) tanks, demonstrate fully-integrated factory-assembled fuel
systems and introduce new natural gas engine systems at the NTEA Work Truck
Show to be held on March 5th in Indianapolis.
The technological innovations in the new Q-Lite series of on-board fuel
storage tanks yield a lighter, but even more robust storage unit with improved
volumetric and gravimetric efficiencies.Additionally, Quantum has evaluated
and upgraded all other components and substituted new lighter weight materials
including aircraft grade aluminum and premium polymers to reduce overall tank
weight by an additional 8%. These technological improvements and efficiencies
combine to solidify Q-Lite as the lightest, highest capacity and competitive
tank in the industry.
"Quantum has a demonstrated track record of providing natural gas fuel systems
of exceptional quality, durability, and value for our customers,"said Brian
Olson, President and Chief Executive Officer of Quantum.
Quantum will also demonstrate its integrated fuel storage systems that
leverage the industry-leading Q-Lite gaseous fuel storage technology and
expertise in safety-critical structural design, high strength materials and
topology optimization. Quantum will also introduce its fuel metering
technology on a natural gas engine for medium to heavy duty applications.
Quantum designs, manufactures and markets one of the lightest and most
advanced natural gas tanks and fuel storage systems in the world. They are up
to 80% lighter than competing steel tanks, and provide up to 30% more fuel
capacity compared to competing aluminum tanks. Quantum is recognized around
the world for its fuel storage systems, having sold more than 20,000 CNG fuel
systems to General Motors and other customers.
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.
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. 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
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.
©2013 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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