May 6, 2014, 2:19 PM
- Quantum Fuel Systems (QTWW -41.6%) plunges after Hexagon Composites (HXGCF) establishes a joint venture with Agility Fuel Systems to supply compressed natural gas high-pressure cylinders for fuel systems to support the heavy duty natural gas truck market in North America.
- In its annual report, QTWW identified Hexagon as one of its key competitors in the gaseous fuel storage market, and Agility accounted for 45% of QTWW's revenue last year and 26% of revenue in 2012; QTWW also identified Agility as one of its key competitors in compressed natural gas and hydrogen packaged fuel systems.
Sector: Basic Materials
Industry: Oil & Gas Equipment & Services
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