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  • Quantum Fuel Systems (QTWW) Receives Recommendation From California Energy Commission For Advanced Natural Gas Fuel System And Engine Development 0 comments
    Apr 23, 2013 6:08 PM | about stocks: QTWW

    Quantum Fuel Systems Technologies Worldwide, a leader in natural gas storage systems, integration, and vehicle system technologies, announced today that its proposal in response to the Program Opportunity Notice entitled "Advanced Natural Gas Engine Research and Development for Class 3 through Class 7 Applications" has received a notification of recommendation for a $1 million grant award from the California Energy Commission's (CEC) Public Interest Energy Research Program. In addition, Southern California Gas has also dedicated supplementary funding to assist the project in meeting its technical benchmarks.

    Specifically, the grant will fund the development and validation of a multi-port fuel injected natural-gas fuel system and engine with cutting edge controls that can be fabricated at a low price point, for use in Class 3 to Class 7 fleet applications such as buses, medium-duty trucks, and port freight-handling vehicles. Power Solutions International, Inc. (NYSEARCA:PSI) will be partnering with Quantum on this forward thinking project. PSI is a prominent cleantech engine manufacturer. Quantum will also partner with technology and strategy consultancy, Ricardo, and the University of California, Riverside. PSI's new 8.8-liter engine will serve as the base engine for the project, which is targeting a 20% improvement in fuel economy, as well as a 16% gain in power density for the natural gas version. Achieving these goals will serve to meet an urgent market demand for advanced natural gas options for medium duty applications.

    "We are excited and honored to have been selected by the California Energy Commission and to be working with PSI and Ricardo, proven leaders in their respective fields," said Brian Olson , CEO and President of Quantum. "We are pleased to leverage our decades of experience in developing natural gas fuel systems and fill a need in the industry that is in short supply of natural gas engines for the high growth medium duty market segment."

    "We thank CEC for funding the development of clean-energy answers to America's transportation issues," said Gary Winemaster, CEO of PSI. "This project addresses the number one market barrier for natural-gas vehicles-the high price differential of natural-gas engines, by offering fleet owners a lighter, more efficient 8-liter class option at a lower cost than anything commercially available today."

    For further information, please visit www.qtww.com

    Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html

    Stocks: QTWW
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