Quantum Technologies Encourages Stockholders to Submit Voting Instructions for
its 2013 Annual Meeting of Stockholders to be Held on July 25, 2013
Proposal for Reverse Stock Split to maintain Company's listing on NASDAQ to be
discussed at Annual Shareholders' Meeting
LAKE FOREST, Calif., July 18, 2013
LAKE FOREST, Calif., July 18, 2013 /PRNewswire/ -- Quantum Fuel Systems
Technologies Worldwide, Inc. (NASDAQ: QTWW) announced today that it is
encouraging all stockholders to submit their voting instructions promptly for
the 2013 Annual Meeting of Stockholders to be held on July 25, 2013.
Stockholders who have not yet voted may still vote in advance of the meeting
by Internet, telephone or mail as described below. Stockholders are
encouraged to vote by Internet or telephone to ensure their votes are timely
received and counted.
Included in the items for discussion at the Annual Meeting of Shareholders is
an important proposal to authorize the Board of Directors, without further
action of the stockholders, to amend the Company's Amended and Restated
Certificate of Incorporation to implement a reverse stock split of the
Company's common stock, $0.02 par value, at a ratio within a range of 1-for-2
to 1-for-5 at any time prior to July 31, 2013.
The Board of Directors believes that maintaining its NASDAQ Capital Market
listing is in the best interests of the Company and its stockholders and
recommends Stockholders vote FOR the reverse stock split proposal which would
increase the market price per share of the Company's common stock and allow
the Company to maintain its listing on the NASDAQ Capital Market.
Quantum has engaged The Proxy Advisory Group, LLC, a proxy advisory and
solicitation firm, to contact stockholders by telephone to encourage voting.
Stockholders that have not already voted may receive calls prior to the
meeting from The Proxy Advisory Group on behalf of the Company.
VOTING INSTRUCTIONS – SHARES HELD WITH A BROKER:
oStockholders may cast their vote on the Internet at www.proxyvote.com or
by calling the telephone number listed on their Voting Instruction Form.
Please use the control number from your Voting Instruction Form and follow
the instructions provided.
oStockholders may sign, date and return their Voting Instruction Form by
mail in the envelope provided. If voting by mail, please do so promptly
to ensure your proxy instructions are received in time to be represented
at the 2013 Annual Meeting.
oStockholders may contact their brokerage firm for help with casting their
Please note that voting by phone or Internet will require that you have your
control number available. This number is printed on the Voting Instruction
Form that accompanied the Proxy Statement and Annual Report sent to you by
mail. Stockholders who do not have their control number should contact their
VOTING INSTRUCTIONS – SHARES HELD IN CERTIFICATE FORM:
oRegistered stockholders may cast their vote on the Internet at
http://www.proxyvote.com or by telephone at 1-800-690-6903. Please have
the control number from your proxy card available and follow the prompts
oRegistered stockholders may sign, date and return their proxy card by mail
in the envelope provided. If voting by mail, please do so promptly to
ensure your proxy instructions are received in time to be represented at
the 2013 Annual Meeting.
oRegistered stockholders who wish to vote but do not have their control
number available may call The Proxy Advisory Group, LLC toll-free at
888-557-7699 or 888-55-PROXY between the hours of 9:00 a.m. and 5:00 p.m.
Monday through Friday Eastern Time.
More information on the matters to be discussed at the 2013 Annual Meeting can
be found in the Company's Proxy Statement. The Proxy Statement and the
Company's 2013 Annual Report to Stockholders are available at
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.
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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