Seeking Alpha
Profile| ()  
Quantum Fuel Systems Technologies Worldwide Inc (ticker: QTWW) announced that its Alternative Mobility Vehicle (AMV) and Mobile Hydrogen Infrastructure (MHI) programs are to receive a total of $6.95 million in funding under the fiscal year 2006 Appropriations Bill for the Department of Defense, signed into law by President Bush on December 30, 2005. These programs follow on Quantum's successes with the U.S. Army, wherein Quantum developed and demonstrated the "Aggressor AMV," a high performance light-duty off-road fuel cell hybrid vehicle, and the recently completed "HyHauler MHI," a transportable hydrogen refueling station designed for rapid refueling of military vehicles and silent watch power generators. [more]

QTWW 1-yr chart:

Source: Quantum Fuel Systems Technologies' Programs to Receive $6.95 Million Department of Defense Funding (QTWW)