Quantum Delivers Q-Cab160 Systems to OEM Truck Mod Center for Install
Quantum's Q-Cab160™ Offers Truck Operators a Light Weight and Cost Effective Solution with Exceptional Range
LAKE FOREST, Calif., Nov. 30, 2015 (GLOBE NEWSWIRE) -- Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ:QTWW), a global leader in natural gas storage systems, integration and vehicle system technologies, announced today that it delivered its industry leading Q-Cab160 back-of-cab CNG storage system to a truck OEM for installation on a natural gas-powered tractor to be installed at the OEM's Truck Mod center. These OEM installs clear the way for the Company's systems to be installed either directly at the OEM or through secondary installation facilities, providing end users alternatives and flexibility depending on program delivery locations and preferences.
"We are energized to see further developments with our OEM relationships. This positive step forward reinforces our approach to work with OEMs and leverage their Mod centers or nearby install sites in order to deliver CNG solutions to the industry," said Mr. Brian Olson, President and CEO of Quantum. "Quantum continues to work with its OEM and industry partners to make the customer purchase process of a CNG truck as tailored as possible to satisfy the needs of the end user," concluded Mr. Olson.
Quantum pioneered Type IV composite technology to achieve the highest storage efficiency and capacity of its CNG tanks and complete fuel systems. Quantum's cylinders are now being offered in 30-inch diameter configurations enabling efficient and cost effective storage solutions. Quantum's Q-RailLITE™, Q-Cab123, Q-Cab160™ and Q-Cab180™ CNG fuel modules contain Quantum's proprietary, ultra-light proprietary Q-Lite® CNG storage cylinders which allows lighter weight structures while still meeting critical shock and vibration requirements. The combination of the lightest and highest capacity tanks in the world and highly engineered lightweight structures enables Quantum to provide the lightest CNG systems with the highest diesel gallon equivalents (DGE) per pound in the industry.
About Quantum: Quantum Fuel Systems Technologies Worldwide, Inc. is a leader in the innovation, development and production of natural gas fuel storage systems and the integration of vehicle system technologies including engine and vehicle control systems and drivetrains. Quantum produces one of the most innovative, advanced, and light‐weight compressed natural gas storage tanks in the world and supplies these tanks, in addition to fully‐integrated natural gas storage systems, to truck and automotive OEMs and aftermarket and OEM truck integrators. Quantum provides low emission and fast‐to‐market solutions to support the integration and production of natural gas fuel and storage systems, hybrid, fuel cell, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum is headquartered in Lake Forest, California, and has operations and affiliations in the United States, Canada, and India.
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. Risk factors include the growth of the CNG market and acceptance of the Company's products. 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 about the products and services of Quantum can be found at http://www.qtww.com/ or you may contact:
Quantum Investor Relations
(November 30, 2015 - 9:01 AM EST)
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