Quantum Awarded Contract for General Motors' 2005 Natural Gas Fueled Full-Size Pick-Up Truck

IRVINE, Calif., Jan. 12, 2004 -- Quantum Fuel Systems Technologies Worldwide, Inc. announced today that it has been awarded a contract by General Motors Corporation to develop and produce natural gas fuel systems for GM's model year 2005 full-size pick-up trucks. This follow-on development and production contract could represent potential revenues between $8 and $10 million over the model year period beginning in September 2004.

Quantum began developing advanced fuel systems for General Motors' alternative fuel vehicle in the early 90s. This contract award extends Quantum's existing programs on GM's full-size pick-up truck. Quantum will provide the engineering effort to accommodate the model year changes for the fuel system and will then produce the new systems into the base vehicle.

"The alternative fuel segment continues to be a stable force in our business model, providing revenue streams and technical experience that we are leveraging into the emerging hydrogen and fuel cell markets," said Alan Niedzwiecki, President & CEO. "We are pleased to continue this business with General Motors as it allows us to strengthen our capabilities as a Tier 1 supplier, which will be essential for us as the fuel cell market moves into the commercialization phase."

More information about GM's Alternative Fueled Vehicles can be found on its website at www.gm.com/automotive/innovations/altfuel/ .

About Quantum:

Quantum focuses on three primary product and system applications: Transportation, Fuel Cell Stationary Power Generation and Hydrogen Refueling Infrastructure. The company manufactures both components and end products. In the Transportation sector, Quantum designs and supplies state-of-the-art fuel system technologies to many of the world's leading OEMs with Hydrogen systems for both Internal Combustion Engine (ICE) and Fuel Cell applications, and Natural Gas and LPG fuel systems for internal combustion applications. In Stationary Power, Quantum currently supplies components and integrated systems to developers of fuel cell stationary power products and is working to expand its product portfolio in these applications. In the area of Refueling Infrastructure, Quantum offers several hydrogen and natural gas refueling systems focused on early infrastructure development, targeting fleets of 1 to 20 vehicles.

Quantum's ultra-light weight composite fuel storage, fuel injection and metering technologies, electronic control products and OEM-level systems integration capabilities have enabled the company to develop a product portfolio with state-of-the-art technologies and products, a diverse customer base, and alliances with partners such as General Motors and Sumitomo Corporation.

Quantum is a Tier 1 OEM supplier and a member of the GM Fuel Cell Alliance of fuel cell commercialization companies. Quantum's customer base includes General Motors, Toyota, Opel, Hyundai, Suzuki, Ford, Sunline, Yamaha and AeroVironment.

Quantum's web site: www.qtww.com .