Quantum Previews New Plug-In Hybrid F150 Pickup Truck at the Alternative Clean Transportation (ACT) Expo in Long Beach
IRVINE, Calif., May 6, 2011 /PRNewswire/ — Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) announced today that it has launched a new line of hybrid vehicles. Quantum has developed a new Plug-in Hybrid Version of the highest volume selling vehicle in America, the Ford F150 Pickup Truck, and will be providing them directly to fleet customers.
Quantum’s plug-in hybrid version of the F150 was specifically designed for the demanding use of America’s largest fleet operators. The vehicle will be capable of matching the performance of the conventional F150 vehicle while achieving substantially higher fuel economy and producing lower emissions. The PHEV F150 uses Quantum’s new “F-Drive” hybrid system which will have a 35 mile electric range before shifting to a hybrid mode where it can continue for a total range of over 400 miles. The Quantum “F-Drive” hybrid system is available in 2WD and 4WD versions. To meet the requirements of fleet customers, the F-Drive has been integrated in the F150 vehicle such that there is no impingement into the cab or bed and it maintains full ground clearance.
“We believe this vehicle fills an important niche for fleet customers desiring a largely electric pick-up truck with extended range capability,” said Alan Niedzwiecki, CEO Quantum Technologies.
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.
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.
SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.