Quantum Announces New Orders for Natural Gas Storage Tanks for Light Duty Vehicles

LAKE FOREST, CA--Jan. 16, 2013: Quantum Fuel Systems Technologies Worldwide, Inc. , a leader in natural gas, alternative fuel systems and clean propulsion vehicle technologies, today announced that it has received purchase orders from new and existing customers for approximately $600,000 for supplying its ultra-lightweight Q-Lite compressed natural gas (CNG) fuel storage tanks for light-duty vehicles.

"We are excited about our expanding industry and providing CNG solutions to the market, including existing and new customers. The remarkable light-weight and high capacity advantage of Quantum's advanced carbon composite natural gas vehicle storage systems are attractive for a broad range of vehicle classes from light duty to heavy duty, for improved performance and fuel economy," said Brian Olson, President and Chief Executive Officer of Quantum. "Our business plan in 2013 is centered on CNG and will be driven by the momentum created in 2012 along with continued demand for Quantum's CNG products, technologies and solutions."

Quantum's patented Q-Lite fuel tank technology offers the lightest natural gas fuel storage solution in the industry, coupled with superior fuel storage capacity, enhanced safety features and the capability to quickly integrate fuel systems on to vehicles.

Quantum Fuel Systems Technologies Worldwide, Inc. is a leader in the development and production of natural gas fuel storage and system technologies, alternative fuel vehicles, and advanced vehicle propulsion systems. Quantum's portfolio of technologies includes natural gas and hydrogen storage and metering systems, electronic and software controls, hybrid electric drive systems, and other alternative fuel technologies and solutions that enable fuel efficient, low emission natural gas and hybrid, plug-in hybrid electric and fuel cell vehicles. Quantum's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of natural gas, plug-in hybrid, hydrogen-powered hybrid, fuel cell, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum's customer base includes automotive OEMs, fleets, aerospace industry, military and other governmental agencies, and other strategic alliance partners. Quantum's wholly owned subsidiary, Schneider Power Inc., and affiliate, Asola Solarpower GmbH, complement Quantum's alternative and renewable energy presence through the development and ownership of wind and solar farms, and the manufacture of high efficiency solar modules for traditional and automotive applications. Quantum is headquartered in Lake Forest, California, and has operations and affiliations in the USA, Canada, Germany and India.