Quantum Awarded Fuel System Production Contract for General Motors' 2006 Natural Gas Sierra and Silverado Pick-Up Trucks

IRVINE, Calif., Jan. 24, 2005 -- 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 2006 full-size pick-up trucks.

Quantum will provide the engineering effort to accommodate the model year changes for the fuel system. Quantum will also produce the alternative fuel systems and provide the specialty vehicle assembly of the fuel systems into the new trucks. In addition to integrating roughly 250 components into the vehicle, Quantum was also responsible for the powertrain and systems engineering to ensure that the system is optimized for performance, durability, safety and emission compliance over the life of the vehicle. Quantum's engineering effort extends to the vehicles being validated through a wide range of operating extremes including hot weather, cold weather, high altitude and crash testing prior to going into production.

"We are very pleased to continue this business with General Motors. This program allows us to strengthen our skills as a systems integrater, which we are leveraging into many programs including our hydrogen hybrid and military vehicle programs," said Alan Niedzwiecki, President & CEO. "This also allows us to advance our capabilities as a Tier 1 production supplier, which we will be critical for us as we move toward the commercialization phase of fuel cell applications."

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

About Quantum

Quantum is a leading designer, integrator and manufacturer of packaged fuel systems for fuel cells and alternative fuel applications in the transportation, fuel cell stationary power generation and hydrogen refueling infrastructure markets. Leveraging its core competencies in ultra-light weight composite fuel storage, fuel injection, fuel metering, electronic controls, OEM-level systems integration, and years of OEM production experience, Quantum also designs and manufactures hybrid and fuel cell vehicles.

Quantum is a Tier 1 OEM supplier and has product commercialization alliances with General Motors, Sumitomo and IMPCO. Quantum's customer base includes General Motors, Toyota, Opel, Hyundai, Suzuki, Ford, Sunline, Yamaha, AeroVironment, and the U.S. Army.

Quantum's website: 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 and cash from operations in future periods and expected future operating results; future opportunities for Quantum; the Company's ability to fulfill orders in the future; 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 that meet OEM requirements; the level and success of the Company's development and commercial programs with OEMs, particularly shifts in demand for fuel cell products from OEM customers; fluctuations in orders from the Company's customers; availability of component parts and raw materials that meet the Company's requirements; and the Company's ability to source alternative materials and suppliers. 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, 2004. 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.