Quantum to Showcase Natural Gas Storage and Plug-In Hybrid Electric F-150 Pick-Up Truck at the Alternative Clean Transport Expo 2012 in Long Beach, CA
IRVINE, Calif., May 14, 2012 /PRNewswire/ — Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW), a global leader in natural gas, hydrogen and hybrid/electric vehicle technologies, today announced that it will showcase its industry-leading ultra-lightweight natural gas vehicle storage systems, hybrid/electric propulsion system components and vehicle and advanced propulsion engineering services portfolio at the 2012 Alternative Clean Transportation Exposition (ACT Expo) at the Long Beach Convention Center in Long Beach, California from May 15-17, 2012.
The ACT Expo is North America’s leading Alternative Fuel and clean vehicle technology show. Hosted by Gladstein, Neandross & Associates, the show presents the latest information and products in the advanced clean vehicle technology and alternative fuel transportation sector, highlighting opportunities for fleets to reduce cost, operate more efficiently and reduce environmental impact.
“We are pleased to showcase our slate of advanced technologies, products and capabilities to leading fleet customers at the ACT Expo 2012,” said Brian Olson, CEO of Quantum. Mr. Olson added, “Quantum’s ultra-lightweight natural gas vehicle fuel storage systems and fuel saving plug-in hybrid vehicle technologies provide ideal solutions to fleet operators who are under increasing pressure to reduce costs, while meeting stringent emission criteria and performance requirements.”
As part of the ACT Expo event, Quantum will present its technologies to several dozen leading fleet operators in a special pre-conference session that is invite-only for major fleet operators that are using natural gas. Among the products displayed will be the Quantum F-150 Plug-in Hybrid Electric (PHEV) pickup truck powered by Quantum’s innovative and highly efficient “F-Drive” parallel plug-in hybrid electric drive system. The “F-Drive” allows the truck to run the first 35 miles on a zero emission electric drive and then switch to an efficient hybrid drive mode.
Quantum Fuel Systems Technologies Worldwide, Inc. (“Quantum”) develops, manufactures and sells lightweight natural gas and hydrogen storage systems as well as advanced powertrain components for hybrid/electric and alternative fuel vehicles. Quantum has manufactured in excess of 20,000 natural gas vehicles for General Motors, supplied in excess of 2,500 hydrogen systems to leading global automakers and shipped 3,000 plug-in hybrid electric drive system component sets to Fisker Automotive – a company co-founded by Quantum in 2007. In addition to own vehicle designs for military and commercial applications, Quantum provides engineering services and powertrain components to automakers for use in natural gas, hybrid/electric and hydrogen vehicles. Quantum’s wholly owned subsidiary, Schneider Power Inc., and affiliate Asola Solarpower 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 for automotive and commercial use. Quantum is headquartered in Irvine, California, and has operations and affiliations in the USA and Canada.
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 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 the products and services of Quantum, Schneider Power and Asola at http://www.qtww.com/ or you may contact:
Brion D. Tanous
Principal, CleanTech IR, Inc.
©2012 Quantum Fuel Systems Technologies Worldwide, Inc.
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SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.