LAKE FOREST, Calif., Nov. 6, 2012 /PRNewswire/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) today announced the roll-out of its new and enhanced natural gas storage technology aimed at creating sizeable new opportunities within the heavy duty long-haul and medium duty vehicle segments, among others. This next generation of proprietary advanced fuel storage technology incorporates state-of-the-art materials and innovative design characteristics to further support rapid commercialization of natural gas powered internal combustion engine vehicles. The new Q-Lite™ series of fuel systems have been optimized to maximize vehicle range by means of dematerialization and application of new generation materials, by leveraging Quantum's technology leadership in extreme high pressure hydrogen storage.
"Quantum is a solution-driven company, committed to providing innovative and cost-effective solutions to our customers," commented Brian Olson, Quantum's Chief Executive Officer and President. "The Q-Lite technology is the first in a planned series of advanced fuel system technologies enabling broader scale adoption through lighter weight and more robust storage systems."
This new and enhanced ultra-lightweight natural gas storage technology includes a unique one-piece lightweight liner system that maximizes storage capacity, and new generation shock absorbers and a highly optimized corrosion and fatigue-resistant structural shell that incorporates high strength lightweight aluminum fittings. Developed at Quantum's Technology Center in Lake Forest, California, the advanced composite natural gas storage cylinder provides dramatic weight reduction, increased fuel storage capacity, and the capability to integrate on vehicles with simple lightweight brackets, resulting in an overall reduction in fuel system weight.
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. Quantum'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, natural gas, hybrid, plug-in hybrid electric and fuel cell vehicles.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV