Quantum Receives Order for Back-of-Cab CNG System for use in Heavy Duty Refuse
−Represents a New Market for Quantum's Innovative Back-of-Cab Storage Module
LAKE FOREST, Calif., June 25, 2014
LAKE FOREST, Calif., June 25, 2014 /PRNewswire/ -- Quantum Fuel Systems
Technologies Worldwide, Inc. (NASDAQ: QTWW), a global leader in natural gas
storage systems, integration and vehicle system technologies, has received an
order for delivery of its industry leading, light-weight 123 DGE Back-of-Cab
(BOC) system for use in a heavy-duty refuse truck application.
Quantum's BOC systems are produced and assembled at Quantum's tank
manufacturing and integration facility in Lake Forest, California. The refuse
customer uses Peterbilt 355 trucks and the installation and service program
will be managed through the Peterbilt dealership network. The installation
will also be supported by Quantum utilizing its dealer training and post-sales
service program that was implemented this year.
"We are excited about the opportunity this order presents within a new
application market for Quantum, and the ability to work with the Peterbilt
dealership network on this program," said Mr. Brian Olson, President and CEO
of Quantum. "In addition to the growing market for heavy-duty CNG Class 8
tractors, there is steady growth in refuse applications. This program adds to
our existing programs that leverage heavy duty OEM dealerships, transportation
companies and other truck associations for installation, training and service
that will enable build-out and service support in this industry," concluded
Quantum's robust structural design, based on OEM-level requirements such as
Advanced Product Quality Planning (APQP), as well as its ultra lightweight
Type IV tank technology offers end users a complete high quality storage
system with lower operating costs and faster return on investment.
Additionally, Quantum's on-site dealer and technician training and post-sales
service program provide for technical training and support, training manuals,
hotlines, warranty administration and regional technical support staff.
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.
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 the
growth of the CNG market and acceptance of the Company's product. 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:
Quantum Investor Relations
SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.
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