Quantum Receives its First Storage System Purchase Order from Kenworth
LAKE FOREST, Calif., July 10, 2014
LAKE FOREST, Calif., July 10, 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 received its first storage system order from a large Kenworth
dealership network with offices in the US and Canada. The purchase order is
for Quantum's frame-rail mounted CNG storage module, Q-Rail^LITE™,
incorporating Quantum's industry leading light-weight compressed natural gas
To enable the modules to be installed at specific Kenworth dealership
locations, Quantum will train dealerships to install and service Quantum's CNG
modules. The installation and service training will provide technicians the
information, documentation, and hands-on experience to work with the unique
aspects of CNG storage systems.
"We are excited to be working within the Kenworth dealership network as this
represents our first opportunity to be working alongside Kenworth and their
customer base," said Mr. Brian Olson, President and CEO of Quantum.
"Installations by dealers and second stage assemblers are enabling the CNG
vehicle industry to continue to expand. The advancement of the dealership
channel and Quantum's direct participation therein, provides a cost effective
solution for CNG system installations and is being well received by fleet
customers," concluded Mr. Olson.
Quantum's Q-Rail^LITE™CNG storage module, combined with Quantum's
Q-Cab^LITE™back-of-cab CNG storage module, provide the industry significant
weight savings and extended capacity for longer range.
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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