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  • Quantum Fuel Systems (QTWW) Receives $600,000 In New Orders For Natural Gas Storage Tanks For Light Duty Vehicles 0 comments
    Jan 17, 2013 2:49 PM | about stocks: QTWW

    Natural gas, alternative fuel systems and clean propulsion vehicle technologies leader Quantum Fuel Systems Technologies Worldwide has announced the receipt of purchase orders from new and existing customers amounting to around $600,000 for its ultra-lightweight Q-Lite compressed natural gas (CNG) fuel storage tanks for light-duty vehicles.

    The company's advanced carbon composite natural gas vehicle storage systems are very lightweight and high capacity, making them attractive for a wide variety of vehicle classes - from light duty to heavy duty - to improve performance and fuel economy. Quantum's business plan for 2013 centers on CNG and will be fueled by the momentum the company created in 2012, as well as by continued demand for Quantum's CNG products, technologies, and solutions.

    Quantum's patented Q-Lite fuel tank technology provides the industry's lightest natural gas fuel storage solution combined with superior fuel storage capacity, enhanced safety features, and the ability to quickly integrate fuel systems onto vehicles.

    Quantum is a leader in developing and producing natural gas fuel storage and system technologies, alternative fuel vehicles, and advanced vehicle propulsion systems. The company's array of technologies includes natural gas, hydrogen storage, and metering systems; electronic and software controls; hybrid electric drive systems and other alternative fuel technologies; and solutions that facilitate fuel-efficient, low-emission natural gas and hybrid, plug-in hybrid electric, and fuel cell vehicles. The company's powertrain engineering, system integration, vehicle manufacturing and assembly capabilities offer fast-to-market solutions to support the production of natural gas; plug-in hybrid, hydrogen-powered hybrid, fuel cell and specialty vehicles; and modular, transportable hydrogen refueling stations.

    Automotive OEMs, fleets, aerospace industry, military and other governmental agencies, and other strategic alliance partners make up Quantum's customer base. Schneider Power, Inc., the company's wholly owned subsidiary, and Asola Solarpower GmbH, the company's affiliate, complement Quantum's alternative and renewable energy presence through developing and owning wind and solar farms and manufacturing high-efficiency solar modules for both traditional and automotive applications. Headquartered in Lake Forest, Calif., Quantum has operations and affiliations in the U.S., Canada, Germany and India.

    For more information, visit www.qtww.com

    Sign up for "The Mission Report" at www.MissionIR.com

    Stocks: QTWW
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