LAKE FOREST, Calif., Feb. 28, 2013 /PRNewswire/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW), a global leader in natural gas storage systems, integration and vehicle system technologies, today announced that it will showcase a new Power Solutions International (PSI) 8.8-Liter natural gas engine with Quantum's compressed natural gas (CNG) fuel system at the 2013 NTEA Work Truck Show on March 5th in Indianapolis. (Photo: http://photos.prnewswire.com/prnh/20130228/LA68270) The PSI 8.8-Liter CNG engine will come in naturally aspirated and turbocharged variants. The naturally aspirated version will be rated at 250 hp and 500 lb-ft of torque and the turbocharged version at 350 hp and 660 lb-ft of torque. These engine models are specifically matched to the performance required for Class 4-6 trucks where there are very limited options available today. PSI is one of the largest industrial and alternative fuel engine providers in North America with decades of experience in optimizing engines and has supplied in excess of 2 million cost-effective engines for a variety of applications including mobility and power generation. Quantum is designing, developing, and validating an OEM level CNG fuel supply system to maximize the efficiency and durability of the CNG components. The system is based on the over 20,000 alternative fuel systems that Quantum has supplied to a variety of automotive manufacturers, including General Motors for cars, vans, light-duty and medium-duty trucks over the last two decades. Quantum intends to supply select components to PSI to support volume production of the 8.8-Liter engine. Packaging the new PSI 8.8-Liter natural gas engine with Quantum's industry-leading Q-Lite™ ultra-lightweight carbon composite natural gas storage systems will enable the companies to provide complete, pre-qualified and fully-integrated CNG drive systems to medium-duty truck manufacturers. "Medium-duty truck manufacturers haven't had an option for CNG engines in the larger Class 4-6 truck applications," said Gary Winemaster, CEO of Power Solutions International. "Truck OEMs have asked for an engine with the performance of our 8.8-Liter CNG engine and we'll be delivering later this year." "Quantum is proud to be supporting PSI in the new 8.8-Liter natural gas engine development," said Brian Olson, President and CEO of Quantum. "We are pleased to leverage our experience in developing natural gas fuel systems and performing Tier-1 level system integration, validation and volume production of systems." 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.
The most recent short interest data was recently released by the NASDAQ for the 11/14/2014 settlement date, and Power Solutions International, Inc. is one of the most shorted stocks of the Russell 3000, based on 12.56 "days to cover" versus the median component at 5.85.
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