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Quantum Announces Receipt Of $6.2 Million In New Orders For Natural Gas Storage Tanks Following Successful Exhibition At NTEA Work Truck Show

Stocks in this article: QTWW

LAKE FOREST, Calif., March 18, 2013 /PRNewswire/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW), a leader in natural gas, alternative fuel systems and clean propulsion vehicle technologies, today announced that it has received $6.2 million in orders following its successful participation at the National Truck Equipment Association Show in Indianapolis March 6-8, 2013. Under the purchase orders, Quantum will supply its ultra-lightweight Q-Lite™ compressed natural gas (CNG) fuel storage tanks for natural gas powered vehicles.

"We are excited about the overwhelming interest in our high capacity CNG tanks and new bolt-on fuel modules," said Brian Olson, President and Chief Executive Officer of Quantum. "The new orders for our Q-Lite tanks confirms and validates the superior value that our products bring to our customers."

Quantum's proprietary Q-Lite™ fuel tank technology offers one of the lightest natural gas fuel storage solutions in the industry, coupled with superior fuel storage capacity, enhanced safety features and the capability to be quickly integrated on to vehicles .

About Quantum:

Quantum Fuel Systems Technologies Worldwide, Inc. is a leader in the development and production of natural gas fuel storage and system technologies, alternative fuel vehicles, and advanced vehicle propulsion systems. Quantum's portfolio of technologies includes natural gas and hydrogen storage and metering systems, electronic and software controls, hybrid electric drive systems, and other alternative fuel technologies and solutions that enable fuel efficient, low emission natural gas and hybrid, plug-in hybrid electric and fuel cell vehicles. Quantum's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of natural gas, plug-in hybrid, hydrogen-powered hybrid, fuel cell, and specialty vehicles, as well as modular, transportable hydrogen refueling stations.

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