Quantum Awarded Two New Development Contracts for 10,000-psi Hydrogen Systems

IRVINE, Calif., March 8 -- Quantum Fuel Systems Technologies Worldwide, Inc., announced today that it has secured two new contracts from two automotive OEMs for the development of 10,000-psi (70 MPa) hydrogen fuel systems.

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The automakers will install these storage systems into their next generation fuel cell passenger vehicles and will conduct on-the-road evaluations as further validation of the systems for eventual production.

Quantum's 10,000-psi storage technology increases the driving range of a vehicle by approximately 67% compared to equivalent size storage tanks at 5,000-psi, allowing the automakers to ultimately offer driving ranges similar to those of gasoline vehicles.

Quantum was the first company in the world to successfully design, validate and commence commercialization of an ultra-lightweight, advanced composite hydrogen storage tank technology for this high service pressure. The development of the Quantum TriShield(TM) technology was supported, in part by the U.S. Department of Energy in conjunction with the Lawrence Livermore National Laboratory. Quantum shipped the first 10,000-psi fuel storage tanks in December 2001.

To supplement the inherent safety features designed into the 10,000-psi storage tank, Quantum's patented 10,000-psi In-Tank Regulator provides additional safety by confining the high pressure in the tank and allowing only a maximum delivery pressure of 150-psi (10 Bar) outside the storage system.

Quantum will provide more specific information on these programs once the OEMs have made their announcements.

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 one 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.

Except for historical information, the statements, expectations, and assumptions contained in the foregoing press release are forward-looking statements. Such forward-looking statements include, but are not limited to, the company's expectations regarding revenues in future periods and other statements about the future expectations, beliefs, goals, plans or prospects expressed by management. Such statements are subject to a number of risks and uncertainties, and actual results could differ materially from those discussed in any forward-looking statement. Factors that could cause actual results to differ materially from such forward-looking statements include, among other factors, prevailing market conditions; the company's ability to design and market advanced fuel metering, fuel storage and electronic control products; and the company's ability to meet OEM specifications. Reference should also be made to the risk factors set forth from time to time in the company's SEC reports, including but not limited to those contained in the section entitled "Risk Factors" in the company's Annual Report on Form 10-K for the fiscal year ended April 30, 2003. The company does not undertake to update or revise any of its forward-looking statements even if experience or future changes show that the indicated results or events will not be realized.

   For more information regarding Quantum, please contact:

   Dale Rasmussen
   Investor Relations
   +1-206-315-8242
   drasmussen@qtww.com

   Cathy Johnston
   Director of Communications and Corporate Support
   +1-949-399-4548
   cjohnston@qtww.com

        (C)2004 Quantum Fuel Systems Technologies Worldwide, Inc.
                        Advanced Technology Center
                 17872 Cartwright Road, Irvine, CA 92614
                   Phone 949-399-4500  Fax 949-399-4600

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