Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Quantum Fuel Systems Technologies Worldwide, Inc. (QTWW) Lands New $1M Contract

Quantum Fuel Systems, a real trailblazer in high-pressure CNG (compressed natural gas) storage and related vehicle systems integration, as well as renewable energy via their wholly-owned, Schneider Power Inc., subsidiary, was pleased to announce a follow-on development contract today valued at approximately $1M from a leading multinational for their help working on advanced CNG storage and vehicle integration.

QTWW has a real lead on the rest of the industry in ultra-lightweight carbon composite CNG storage tanks with their Q-Lite™ series, geared towards high volume light duty pickups and larger platform vehicles, as well as their Fuel Storage Modules, that satisfy medium and heavy-duty vehicle saddle-mount and back-of-the-cab implementations. The company even runs a Q-Lite™ Accredited Integrator program for installers (as well as inspectors, managers, owners, and sales personnel), leaning heavily on two plus decades of experience as an OEM Tier-1 systems integrator and manufacturer, to deliver accreditation that allows installers to jump start their marketing and draw in new CNG installation customers.

President and CEO of QTWW, Brian Olson, praised the company's technology and commercialization team for their efforts thus far in continually advancing the state of the art in CNG storage and integration tech, confident that the follow-on contract presents a glowing external endorsement of their progress. The reputation QTWW has earned in this space easily opened the door to this new contract, a contract which will see the company upgrading a natural gas truck using the latest in next-gen high-cap fuel storage, integration, and control systems at their Advanced Vehicle Concepts Center out in Lake Forest, California.

This contract provides an excellent back drop for continued scaling up of the company's Q-Lite™ carbon-composite natural gas tank technology and will offer a suitable benchmark for the further cementing of Quantum's lead in such range-enhancing storage tech. The systems integration and engine controls work done as part of this contract will no doubt benefit greatly from the company's vast experience dealing with not just CNG integration but hybrid, fuel cell, and specialty vehicle integration, as well as modular, transportable hydrogen refueling stations.

This is another juicy contract for QTWW and their low emission solutions that can be delivered rapidly to customers who are looking to take advantage of the benefits possible with such fully-integrated CNG architectures, are picking up some incredible steam, bolstered by success with customers and technology showcasing like they did at the ACT Expo in Washington D.C. early last month (July 9). This one expo gave QTWW direct contact with some 3k attendees representing fleet managers and top systems integrators from across the industry, where they wowed audiences with the specs on their state-of-the-art carbon composite fuel tanks, as well as the related integration and control system technologies.

To learn more about Quantum Fuel Systems Technologies Worldwide, visit QTWW.com

Please see disclaimer on the MissionIR website

www.missionir.com/disclaimer.html