Quantum Completes Alternative Fuel Engine Development for Mahindra and Mahindra PR Newswire LAKE FOREST, Calif., June 19, 2013 LAKE FOREST, Calif., June 19, 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 completed developing a turbocharged, inter-cooled and electronically fuel injected gaseous fuel engine for Mahindra and Mahindra, the leading Indian vehicle manufacturer and industrial conglomerate. The base engine, supplied by Mahindra and Mahindra, was reengineered by Quantum, integrating gaseous fuel metering systems and state-of-the-art engine controls, to run on gaseous hydrogen, similar to a natural gas engine. Mahindra Group contracted Quantum to develop and calibrate a gaseous fuel engine that met a series of stringent performance and emissions criteria. As part of the project, Quantum supplied its gaseous fuel injectors and integrated low and high pressure regulators, fuel rail, fuel sensors and advanced engine controller, and developed the engine control software strategies and performed engine calibration. The engine will be further fine-tuned by Mahindra in India and utilized for vehicle level evaluations and demonstrations. "The program with Mahindra and Mahindra further demonstrates Quantum's broad engineering capabilities in developing advanced gaseous fuel systems and engines," said Brian Olson, President and CEO of Quantum. "This program has leveraged Quantum's two decades of experience in compressed natural gas engines and fully-integrated fuel systems, and working with leading global automakers." Quantum combines nearly 20 years of lightweight fuel storage and system integration experience with strong expertise in materials, system integration, vehicle control software, emission and durability testing, validation, and manufacturing capabilities. Quantum has designed developed and validated natural gas (CNG), bi-fuel (gasoline/CNG), propane (LPG) and hydrogen fuel systems and vehicles since 1997, during which time thousands of systems were produced and sold, with Quantum listed as the manufacturer of record by California Air Resource Board (CARB). About Quantum 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 drive-trains. 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. 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 Principal CleanTech IR, Inc. Email: btanous@cleantech‐ir.com ©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. Website: http://www.qtww.com
Quantum Completes Alternative Fuel Engine Development for Mahindra and Mahindra
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