Quantum Receives New Patent for Compressed Natural Gas and Hydrogen Storage
LAKE FOREST, Calif., June 12, 2013
LAKE FOREST, Calif., June 12, 2013 /PRNewswire/ --Quantum Fuel Systems
Technologies Worldwide, Inc. (NASDAQ: QTWW), a leader in natural gas,
alternative fuel systems and clean propulsion vehicle technologies, today
announced that it has received the notice of allowance from the U.S. Patent
and Trademark Office for a new patent on lightweight composite shells of
natural gas and hydrogen storage tanks.
Quantum's new patent covers the breakthrough application of discrete localized
reinforcement that enables significant reduction in weight and cost of
composite shells of pressurized cylindrical storage tanks.Quantum recently
announced the demonstration of this technology leap for lightweight carbon
composite compressed natural gas and hydrogen fuel tanks, utilizing selective
fiber placement, to achieve significant reduction in weight and cost –
demonstrating more than 20% reduction in material utilization.
"This is a significant patent in that it provides an elegant solution to
reduce both weight and cost of fuel tanks, thus enabling more widespread
commercialization of natural gas and hydrogen fuel cell vehicles," said Brian
Olson, President and Chief Executive Officer of Quantum. "We are in the
process of refining this technology for phased introduction into commercial
Quantum currently produces one of the lightest and highest capacity natural
gas and hydrogen on-board storage systems in the world. Developed at Quantum's
technology campus in Lake Forest, California, Quantum's advanced natural gas
storage systems provide dramatic weight reduction, increased fuel storage
capacity, and the capability to quickly integrate these systems.
Quantum combines nearly 20 years of lightweight storage and system integration
experience with strong expertise in materials, system integration, vehicle
control software, emission and durability testing, validation, and
Quantum Fuel Systems Technologies Worldwide, Inc. is a leader in the
innovation, development and production of natural gas fuel storage systems and
the integration of vehicle system technologies including engine and vehicle
control systems and drivetrains. Quantum produces one of the most innovative,
advanced, and light‐weight compressed natural gas storage tanks in the world
and supplies these tanks, in addition to fully‐integrated natural gas storage
systems, to truck and automotive OEMs and aftermarket and OEM truck
integrators. Quantum provides low emission and fast‐to‐market solutions to
support the integration and production of natural gas fuel and storage
systems, hybrid, fuel cell, and specialty vehicles, as well as modular,
transportable hydrogen refueling stations. Quantum is headquartered in Lake
Forest, California, and has operations and affiliations in the United States,
Canada, 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 whether the new technology can be
successfully transitioned into production, after meeting all product
validation requirements and investment in processing equipment. 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 about the products and services of Quantum can be found at
http://www.qtww.com/ or you may contact:
Brion D. Tanous
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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