Ryder Partners with Quantum to Offer New Technology for Compressed Natural Gas Truck Fleets

Ryder Partners with Quantum to Offer New Technology for Compressed Natural Gas
                                 Truck Fleets

- Long-term Agreement to help reduce costs, extend fuel range, and increase
vehicle uptime for CNG vehicles -

PR Newswire

LAKE FOREST, Calif., May 6, 2014

LAKE FOREST, Calif., May 6, 2014 /PRNewswire/ -- Quantum Fuel Systems
Technologies Worldwide, Inc. (NASDAQ: QTWW), a global leader in natural gas
storage systems, integration and vehicle system technologies, today announced
it has entered into a long-term agreement with Ryder System, Inc. (NYSE: R)
for the purchase and supply of complete compressed natural gas (CNG) fuel
systems that will help reduce costs and increase vehicle uptime for businesses
that lease CNG trucks from Ryder. With the agreement, Ryder will purchase
state-of-the-art CNG tank systems directly from Quantum and install them onto
CNG-powered vehicles with a team of Ryder technicians using state-of-the-art
industry procedures related to these systems. Natural gas tank storage systems
are one of the most expensive components of a natural gas vehicle. By
purchasing the systems direct, Ryder can pass savings onto its lease
customers, ultimately delivering a faster return on investment for this
natural gas vehicle technology. Ryder will be the first transportation company
to use Quantum's OEM-quality CNG systems on a national scale. In addition to
the purchasing agreement, Quantum and Ryder will work together to improve
future fuel system designs, based on Ryder's market leadership and experience
operating CNG vehicles in commercial truck applications.

"Next to the limited commercial fuel infrastructure, the biggest barrier to
the broad adoption of natural gas vehicles is the initial cost of the
technology," stated Ryder President of Global Fleet Management Solutions,
Dennis Cooke. "This relationship will help make compressed natural gas
vehicles more affordable and reliable, so more businesses can take advantage
of their environmental and efficiency benefits."

Quantum is a global leader in CNG storage systems, integration and vehicle
system technologies. Quantum produces one of the most innovative, advanced,
and lightweight compressed natural gas storage tanks in the world. Ryder will
be using Quantum's Q-lite™ CNG tank system, which is lighter than other tank
systems on the market, making it highly effective in delivery applications
where payloads have increased and on-board weight saving is essential. The
high capacity systems are designed for superior reliability, helping to
improve vehicle up-time. The adaptable model design is ideal for medium and
heavy duty trucks, and provides exceptional cost, weight, and capacity (Diesel
Gallon Equivalent - DGE). Ryder's maintenance team has worked with Quantum to
develop comprehensive procedures to ensure that tank system installations will
meet the highest industry standards.

"With Ryder, we can bring our leading-edge natural gas tank storage and system
technology to a larger base of businesses that are looking to improve
efficiencies, save on fueling costs, and get better performance from their
natural gas fleets," said Brian Olson, President and CEO of Quantum. "Our
Q-Lite™ natural gas storage module is gaining increasing market attention due
to its storage efficiency and light weight characteristics that help to
improve performance and increase fuel range in commercial trucking
applications."

Ryder is the market leader in natural gas vehicle and maintenance solutions
for the commercial transportation industry.Businesses can tap into Ryder's
extensive knowledge of natural gas vehicle operations, expanding maintenance
network, and its highly trained and experienced technicians, to ensure the
safe operation, maintenance, and fueling of natural gas vehicles.Ryder's
leasing and rental business model enables businesses to "test" the new
technology with less risk of downtime, as well as insulate themselves from the
unknown residual risk.

Ryder's natural gas fleet includes over 500 compressed and liquefied natural
gas vehicles operating more than 20 million miles, and serving over 40
customers in California, New York, Texas, Arizona, Michigan, Utah, Georgia,
and Louisiana.Ryder also operates two Liquefied to Compressed Natural Gas
(LCNG) fuel stations at its maintenance facilities in Orange and Fontana,
California.

About Ryder:
Ryder is a FORTUNE 500® commercial transportation, logistics and supply chain
management solutions company. Ryder's stock (NYSE:R) is a component of the Dow
Jones Transportation Average and the Standard & Poor's 500 Index.Ryder has
been ranked three years in a row as one of the top 250 U.S. companies in the
Newsweek Green Rankings. Ryder is a charter member of the NGV Fleet Forum and
a member of the Department of Energy's National Clean Fleets
partnership.Ryder is also a recipient of the 2011 NGV Achievement Award and
has been recognized by the Carbon Disclosure Project (CDP) in the Carbon
Disclosure Leadership Index.A member of the American Red Cross Disaster
Responder Program, Ryder is proud to support national and local disaster
preparedness and response efforts. For more information, visit www.ryder.com
and follow us on Facebook, YouTube, and Twitter.

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 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:

Quantum Investor Relations
Phone:949-399-4555
Email:ir@qtww.com

SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.

Website: http://www.qtww.com
 
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