Quantum Affiliate Asola Wins Frost & Sullivan World Growth Leadership Award in Solar Technology
IRVINE, Calif. and ERFURT, Germany, Sept. 27 /PRNewswire/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) today announced that its German solar photovoltaic affiliate Asola Advanced and Automotive Solar Systems GmbH ("Asola") was awarded the "World Advanced Mobile Solar Technology Growth Leadership Award" by Frost & Sullivan Global Research Platform.
Frost & Sullivan has noted that "in the field of automotive solar technology, the company already boasts a wealth of experience and expertise that makes it a worldwide leader in the sector," and that "the company has been and will remain at the forefront as an environment friendly and innovative one offering economic usage of high-quality solar technology." Frost & Sullivan recognized the following key performance drivers for Asola: (1) superior quality products (2) meeting industry quality standards (3) customer-centric approach and (4) successful partnership ties and contracts.
"We are truly honored by this prestigious award and recognition," said Reinhard Wecker, the founder and CEO of Asola. "We have strategically positioned ourselves with the highest quality products that combine innovative, customer-centric features with aesthetic design and robustness."
"This award is a strong recognition of the creativity and dedication of Asola's leadership team and employees, and a reflection of the close partnership with Quantum," commented Alan. P. Niedzwiecki, President and CEO of Quantum. Quantum is a partner of Asola and holds 25 percent on the Asola GmbH.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
Each year, Frost & Sullivan presents this award to a company that has proven to be a leader in the industry and that, through its pioneering technology, sound business strategy, and research effort, has been successful in moving the state of the industry forward. Its excellence in the field has extended beyond its technical advancements and encompasses a comprehensive view of market participants resulting in an ongoing improvement in the industry over time. The award recognizes the company for its broader, more comprehensive participation in the industry and for its contributions to the advancement of the market.
About Quantum
Quantum Fuel Systems Technologies Worldwide, Inc., a fully integrated alternative energy company, is a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantum's wholly owned subsidiary, Schneider Power Inc., complements Quantum's emerging renewable energy presence through the development and ownership of wind and solar farms. Quantum's portfolio of technologies includes electronic controls, hybrid electric drive systems, hydrogen storage and metering systems, and alternative fuel technologies that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and natural gas vehicles. Quantum's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of hybrid and plug-in hybrid, hydrogen-powered hybrid, fuel cell, alternative fuel, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum's customer base includes automotive OEMs, dealer networks, fleets, aerospace industry, military and other government entities, and other strategic alliance partners.
More information can be found about Quantum's products and services at http://www.qtww.com/.
About Asola:
Asola Advanced and Automotive Solar Systems GmbH produces and markets high-quality silicon-based photovoltaic modules that comprise mono-crystalline or polycrystalline silicon cells. Asola's technologies include high output and high efficiency flat modules for residential and industrial applications, and specialized spherical modules for automotive applications. Asola is presently developing for Fisker Automotive's Fisker Karma vehicle, the most spherically-bent solar car roof in the world.
More information can be found in http://www.asola-power.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. 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 can be found about Quantum's products and services at http://www.qtww.com/ or you may contact:
Brion D. Tanous |
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Principal, CleanTech IR, Inc. |
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Email: [email protected] |
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310-541-6824 |
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Dale Rasmussen |
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206-315-8242 |
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Email: [email protected] |
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SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.
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