This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Quantum To Demonstrate Its Plug-In Hybrid Electric F-150 Pick-Up Truck At The Hybrid Truck Users Forum (HTUF) Conference In Charlotte, NC

IRVINE, Calif., Sept. 17, 2012 /PRNewswire/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW), a global leader in natural gas, hybrid/electric and hydrogen vehicle technologies, today announced that it will demonstrate its clean, fuel efficient, Plug-In Hybrid Electric (PHEV) F-150 pickup truck to nation's leading fleets at the Hybrid Truck Users Forum (HTUF) Conference in Charlotte, North Carolina, September 17th-20th, 2012.

(Photo: http://photos.prnewswire.com/prnh/20120917/LA74990)

The HTUF conference is an annual meeting of vehicle manufacturers and fleet managers from many of the Fortune 500 companies. Quantum will display two of its pilot PHEV F-150 pickup trucks, with one inside the exhibit area in booth 403 and a second vehicle available for ride and drives outside the conference center.

"We are pleased to demonstrate Quantum's pilot PHEV F-150 vehicles at the HTUF Conference for the fleet managers to experience firsthand the performance and versatility of our highly efficient electric drive system which we plan to launch into production in June of 2013," said Brian Olson, the CEO of Quantum. "The PHEV F-150 is an ideal solution for fleet managers who want to substantially lower their operating costs, while also reducing greenhouse gas emissions and meeting corporate sustainability goals."

Quantum's F-Drive TM system, which powers the PHEV F-150, is a unique parallel drive system with all electric operation capability. The vehicle incorporates 110 and 240V power outlets, allowing up to 30kWh of off-board power for emergencies or for operating tools. The Quantum PHEV F-150 is capable of driving as an electric vehicle for the first 35 miles before shifting to hybrid mode. In hybrid mode, the PHEV F-150 can travel approximately 600 miles on a single tank of gas.

Plug-in hybrid vehicles may qualify for a number of federal, state and local incentives including California's HVIP program ( $8,000 for the first two trucks and $6,000 per truck thereafter) and a federal tax rebate of $7,500. A list of incentives can be viewed at http://www.afdc.energy.gov/laws/search and http://www.californiahvip.org/

About Quantum:

Quantum Fuel Systems Technologies Worldwide, Inc. is a leader in the development and production of advanced vehicle propulsion systems, fuel storage technologies, and alternative fuel vehicles. The Company's portfolio of technologies includes electronic and software controls, hybrid electric drive systems, natural gas and hydrogen storage and metering systems and other alternative fuel technologies and solutions that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and natural gas vehicles. Quantum's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of hybrid and plug-in hybrid, hydrogen-powered hybrid, fuel cell, natural gas, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum's customer base includes automotive OEMs, fleets, aerospace industry, military and other governmental agencies, and other strategic alliance partners. Quantum's wholly owned subsidiary, Schneider Power Inc., and affiliate, Asola Solarpower GmbH, complement Quantum's alternative and renewable energy presence through the development and ownership of wind and solar farms, and the manufacture of high efficiency solar modules for traditional and automotive applications. Quantum is headquartered in Irvine, California, and has operations and affiliations in the USA, Canada, Germany 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 whether Quantum will be able to commence the launch of production of the PHEV F-150 in June 2013 and whether Quantum's F-150 PHEV will qualify for certain federal, state and local incentives. 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 can be found about the products and services of Quantum, Schneider Power and Asola at http://www.qtww.com/ or you may contact:

Brion D. TanousPrincipal, CleanTech IR, Inc.Email: btanous@cleantech-ir.com310-541-6824



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs