Quantum to Supply Hydrogen Vehicles to Iceland's SMART-H2 Project

IRVINE, Calif., July 19 -- Quantum Fuel Systems Technologies Worldwide, Inc., today announced that it has been awarded a contract to supply ten hydrogen hybrid Priuses to VistOrka for use in Iceland's SMART-H2 project.

The SMART-H2 (Sustainable Marine and Road Transport -- Hydrogen in Iceland) project is a supported market introduction where participants impose various demands on hydrogen technology in a variety of market applications. VistOrka's role in SMART-H2 includes leading the steering committee for the project, financing its management, subsidizing hydrogen vehicles, and providing support to follow up all parts of the project. The SMART-H2 will be one of the largest hydrogen demonstrations in the world.

The first phase of the SMART-H2 is to introduce hydrogen powered vehicles to potential customers. Customers will buy or lease these hydrogen vehicles from VistOrka, who will also provide technical support. The first customers will be energy companies, investment funds, and Hertz car rental service. SMART-H2 will be expanded in the next phase of the project with additional hydrogen vehicles introduced in 2008-2009.

"The demand for Quantum's hydrogen hybrid Prius continues to grow around the world as a clean, fuel efficient alternative to petroleum fueled vehicles. We are proud to provide Quantum's OEM-quality hydrogen vehicles to Iceland's innovative SMART-H2 project," said Alan P. Niedzwiecki, President and CEO of Quantum. "We believe that opportunities will continue to emerge to supply additional vehicles to hydrogen projects throughout North America and Europe."

About Quantum:

Quantum, a fully integrated alternative energy company, is a leader in powertrain engineering, system integration and manufacturing of packaged fuel systems and accessories for specialty vehicles and applications including fuel cells, hybrids, alternative fuels, hydrogen refueling, new body styles, mid-cycle vehicle product enhancements and high performance engines and drive trains for OEMs and consumers of aftermarket parts and accessories. Quantum also designs and manufactures hybrid and fuel cell vehicles. Quantum also develops and manufacturers advanced lithium-ion batteries through its partner, Advanced Lithium Power.

Quantum has product commercialization alliances with General Motors, AM General and Sumitomo. Quantum's customer base includes General Motors, Toyota, Opel, Hyundai, Suzuki, Ford, DaimlerChrysler, SunLine, Yamaha, AeroVironment, and the U.S. Army.

More information can be found about Quantum's products and services at http://www.qtww.com/.