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Quantum Fuel Systems (QTWW) Receives Contract for Natural Gas Storage Systems

Quantum Fuel Systems Technologies Worldwide, Inc. announced that the company has received a purchase contract for high capacity, ultra-light weight composite natural gas (CNG) storage systems. These systems are being produced for Agility, a US natural gas medium and heavy duty vehicle integrator, where they will be used in Class 8 trucks.
 
Quantum Fuel is a fully integrated alternative fuel company that develops and produces advanced propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantum’s portfolio includes technology such as hybrid electric drive systems and natural gas/hydrogen storage and metering systems. Quantum also develops components for hybrid and plug-in hybrid vehicles.
 
The CNG systems provided by Quantum will be light weight and high capacity, enabling a 30% reduction of the operating costs of Class 7 and 8 vehicle fleets. Reducing the weight of these vehicles enables them to carry more fuel, maximizing profits.
 
“We see a strong future for our CNG systems in class 8 trucks for industries like regional distribution,” said Alan P. Niedzwiecki, Quantum’s President and CEO. “Many retailers and package distribution companies are now seeing the financial advantages of converting to CNG.”
 
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