Quantum Affiliate Fisker Automotive Closes $529 Million DOE Loan

IRVINE, Calif., April 27 -- Quantum Fuel Systems Technologies Worldwide, Inc. announced today that Fisker Automotive, the plug-in Hybrid Premium American car company that Quantum co-founded, closed a Department of Energy loan for $529 million on Friday.

The $528.7 million DOE loan to Fisker will be used for the development and production of two models of plug-in hybrid electric vehicles, including the Karma, a four door sports sedan, and a line of family-oriented models being developed under Fisker's Project Nina program. When full production is reached in 2015, Fisker estimates sales at up to 115,000 vehicles annually.

More information on the Department of Energy's News Announcement can be found at Fisker Automotive at http://karma.fiskerautomotive.com/ or the DOE website at http://www.energy.gov/.

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 portfolio of technologies includes electronic controls, hybrid electric drive systems, hydrogen storage and metering systems and alternative fuel vehicle technologies that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and alternative fuel 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, 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 www.qtww.com.