Quantum Provides Q-Lite™ CNG Storage Tanks for CNG Storage System to be Installed on Navistar DT466 Platform
LAKE FOREST, Calif., Nov. 4, 2014 /PRNewswire/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW), a global leader in natural gas storage systems, integration and vehicle system technologies, today announced that it has supplied its industry leading Q-Lite™ storage tanks for use in Nat G CNG Solutions' recently introduced CNG-based Navistar spark-ignited DT 466 vehicle application. Nat G CNG Solutions, based in Houston, Texas, performed the system integration of the tanks and installation of the CNG system on the Navistar trucks.
"We have partnered with Nat G on several vehicle programs, but this is the first opportunity to work together on a heavy duty vehicle platform and we are excited about this growing opportunity," said Brian Olson, President and CEO of Quantum.
"The Texas market for natural gas vehicles continues to grow with leading customers like Matera Paper. These repowered CNG box trucks, with engines designed and built by NGV Motori USA, allow us to achieve a 75% reduction in NOx while improving fuel costs by more than 35%," stated Bob Lukefahr, Co-CEO of Nat G CNG Solutions. "Quantum's tanks offer the ideal combination of high capacity, low weight, and industry-leading reliability required for this demanding application."
Quantum's Q-Lite™ advanced fuel storage tanks and systems maximizes a vehicle's range allowing for reduced weight, increased natural gas capacity and performance. The Q-Lite™ patented technology allows light-to-medium to heavy-duty trucks to get the most out of its fuel storage capacity than any other compressed natural gas tanks in the market.
About Quantum: Quantum Fuel Systems Technologies Worldwide, Inc. is a leader in the innovation, development and production of natural gas fuel storage systems and the integration of vehicle system technologies including engine and vehicle control systems and drivetrains. Quantum produces one of the most innovative, advanced, and light‐weight compressed natural gas storage tanks in the world and supplies these tanks, in addition to fully‐integrated natural gas storage systems, to truck and automotive OEMs and aftermarket and OEM truck integrators. Quantum provides low emission and fast‐to‐market solutions to support the integration and production of natural gas fuel and storage systems, hybrid, fuel cell, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum is headquartered in Lake Forest, California, and has operations and affiliations in the United States, Canada, and India.
About Nat G: Nat G CNG Solutions offers new and in-service natural gas vehicle upgrades for a wide variety of gasoline and diesel trucks. The company also provides turnkey natural gas fueling stations for fleets and retail station operators. Nat G has operations in Houston, San Antonio and Shreveport. For more information, visit www.nat-g.com.
Forward Looking Statements: This press release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements included in this report, other than those that are historical, are forward looking statements and can generally be identified by words such as "may," "could," "will," "should," "assume," "expect," "anticipate," "plan," "intend," "believe," "predict," "estimate," "forecast," "outlook," "potential," or "continue," or the negative of these terms, and other comparable terminology. Various risks and other factors could cause actual results, and actual events that occur, to differ materially from those contemplated by the forward looking statements. Risk factors include the growth of the CNG market and acceptance of the Company's product. The Company undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.
More information about the products and services of Quantum can be found at http://www.qtww.com/ or you may contact:
Quantum Investor Relations
Phone: 949-399-4555
Email: [email protected]
SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.
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