Quantum Announces Key Order for Q-Lite™ Natural Gas Vehicle Cylinders for
Delivery in Central States
LAKE FOREST, Calif., July 9, 2013
LAKE FOREST, Calif., July 9, 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 has received anorder for its industry-leading Q-Lite^TM compressed
natural gas (CNG) fuel storage vessels from a customer with broadindustry
reach. This sales order and growing opportunity signifies expansion into the
surging CNG after-market segment in the central part of the United States.
"We are pleased to broaden our market reach into naturalgas-rich Texas and
the Mid-West region, and excited by the market momentum driven by aftermarket
conversions," said Brian Olson, President and CEO of Quantum. "Our ability and
success in optimizing CNG storage systems for the OEM market is now being
fully leveraged into the aftermarket. We believe the potential in this market
across North America is very significant."
Quantum showcased its ultra-lightweight natural gas storage tanks and
fully-integrated, factory-testedbolt-on systems at the largest clean vehicle
show, ACT Expo in Washington D.C. June 24-27^th, which drew in excess of 3,000
visitors including fleet managers and leading system integrators. Quantum
designs, engineers manufactures and assembles state-of-the-art carbon
composite fuel tanks and integrated systems at its advanced technology campus,
located in Lake Forest, California.
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. 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 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.
SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.
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