Quantum Awarded CleanTech OC 2010 Company of the Year Award

September 28, 2010

IRVINE, Calif., Sept. 28 /PRNewswire/ — Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) today announced that CleanTech OC has awarded Quantum Technologies with the CleanTech OC 2010 Company of the Year Award. The award was presented to Quantum on Monday, September 27, 2010 at its first annual conference, CleanTech OC 2010, which showcased Orange County’s most prominent clean technology companies, academics, investors, and service providers. The conference was held at the Irvine Hyatt Regency with over 300 attendees from academia, local government, and the private sector. Quantum Technologies was the only recipient of this award.

As part of the conference, Quantum’s Chief Financial Officer, Brian Olson, provided a corporate overview of Quantum Technologies highlighting the company’s long-term involvement in clean automotive technologies and its participation in the Fisker Karma vehicle program.

“We are truly honored to be the first recipient of this significant and relevant award,” said Alan Niedzwiecki, President and CEO of Quantum Technologies, who accepted the award.

CleanTech OC is a new non-profit trade association promoting economic growth in the Orange County clean technology industry. CleanTech OC aims to strengthen Orange County’s reputation as a center of clean tech innovation, investment, and research and is likely to be one of the most significant engines for job growth in Southern California over the next decade.

More information about CleanTech OC can be found at: http://www.cleantechoc.org/

About Quantum

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., complements Quantum’s emerging renewable energy presence through the development and ownership of wind and solar farms. Quantum’s portfolio of technologies includes electronic controls, hybrid electric drive systems, 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, alternative 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 Quantum’s products and services 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 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.
    Email:  btanous@cleantech-ir.com

    Dale Rasmussen
    Email: drasmussen@qtww.com

©2010 Quantum Fuel Systems Technologies Worldwide, Inc.

Advanced Technology Center

17872 Cartwright Road, Irvine, CA 92614

Phone 949-399-4500 Fax 949-399-4600

SOURCE Quantum

Source: newswire

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