Quantum Technologies Director Receives White House Honor
IRVINE, Calif., Nov. 9, 2011 /PRNewswire/ — Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) announced today that a member of its Board of Directors, Professor Scott Samuelsen, was honored recently at the White House for his groundbreaking research and development work in the field of hydrogen power and clean energy. Professor Samuelsen was recognized as a “Champion of Change” during the White House event, meant to bring leaders of various industries together with the goal of creating high-quality jobs in the US. In addition to his role as a Professor of Mechanical and Aerospace Engineering at the University of California, Irvine, Dr. Samuelsen serves as the Director of the National Fuel Cell Research Center and as the Director of the Advanced Power and Energy Program. Much of Professor Samuelsen’s research focuses on alternative energy generation, distribution, and propulsion technologies. Professor Samuelsen’s team is at the forefront of creating a hydrogen infrastructure. In addition to his responsibilities at the University of California, Irvine, Professor Samuelsen has served as one of Quantum Technologies’ Directors since July 2002.
“The award represents quite an achievement and appropriately honors a distinguished career,” said Alan P. Niedzwiecki, Quantum’s President and CEO. “Quantum is very fortunate to have Professor Samuelsen serving as one of its Directors.”
Quantum Fuel Systems Technologies Worldwide, Inc., a fully integrated alternative energy company, is a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantum’s wholly owned subsidiary, Schneider Power Inc., and affiliate Asola Advanced and Automotive Solar Systems GmbH complement Quantum’s emerging renewable energy presence through the development and ownership of wind and solar farms, and manufacture of high efficiency solar modules. Quantum’s portfolio of technologies includes electronic controls, hybrid electric drive systems, natural gas and hydrogen storage and metering systems and alternative fuel technologies that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and natural gas vehicles. Quantum’s powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of hybrid and plug-in hybrid, hydrogen-powered hybrid, fuel cell, natural gas fuel, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum’s customer base includes automotive OEMs, dealer networks, fleets, aerospace industry, military and other government entities, and other strategic alliance partners.
More information can be found about the products and services of Quantum, Schneider Power and Asola at http://www.qtww.com/.
Forward Looking Statements:
This press release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements included in this report, other than those that are historical, are forward-looking statements and can generally be identified by words such as “may,” “could,” “will,” “should,” “assume,” “expect,” “anticipate,” “plan,” “intend,” “believe,” “predict,” “estimate,” “forecast,” “outlook,” “potential,” or “continue,” or the negative of these terms, and other comparable terminology. Various risks such as the timing and delivery of the storage systems, the Company’s competitive advantage in light weight storage and other factors could cause actual results, and actual events that occur, to differ materially from those contemplated by the forward looking statements. The Company undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.
More information can be found about Quantum’s products and services at http://www.qtww.com/ or you may contact:
Brion D. Tanous
Principal, CleanTech IR, Inc.
SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.