Quantum Technologies and Agility Make Dairy Farm Trucks Run Cleaner
IRVINE, Calif., June 20, 2011 /PRNewswire/ — Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) announced today that it has received a contract in the amount of $434,000 for high capacity natural gas on-board storage tanks from Agility Fuel Systems for use in Class 8 renewable natural gas powered dairy trucks.
The tanks will be installed on Kenworth T800 Class 8 trucks by Agility for operation by dairy farm operators which will use waste from their cows that generates sustainable methane fuel in an anaerobic digester to create fuel for their trucks. The switch to Compressed Natural Gas vehicles reduces greenhouse gas emissions by up to 23% compared to conventional 2010 diesel-powered models. Also, since CNG engines do not require particulate traps and SCR systems to meet emissions, the cost and maintenance of these systems is eliminated. In addition, because the fuel is being created by the cows themselves, dairy farm operators will have a substantial operating cost reduction beyond the 30% achieved by typical fleets.
“We are pleased to partner with Agility to showcase the effective utilization of renewable natural gas (RNG) for sustainable transportation,” said Alan P. Niedzwiecki, Quantum’s President and CEO. “Quantum’s polymer-lined ultra-light-weight carbon fiber tanks provide the necessary corrosion-resistance and robustness for this application.”
Quantum’s ultra light weight carbon composite Compressed Natural Gas (CNG) storage system are enabling Class 7 and 8 heavy duty trucks to support typical fleet applications while reducing operating costs in excess of 30% compared to diesel fuel. Since natural Gas costs at about $2.00/gallon equivalent and gasoline/diesel at $4.00/gallon, fleets can save 30% of the operating costs by just changing their fuel. Quantum continues to offer the lightest weight tanks in the market which enables heavy duty trucks to carry significantly more fuel on board and operate for long distances without reducing their payload as is required with heavier tanks.
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 including final delivery of the vehicles, any futures orders 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.
Ã‚©2011 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 Fuel Systems Technologies Worldwide, Inc.