Quantum Announces Receipt of New Order for One of the Nation's Largest Privately-Held Food Distributors
LAKE FOREST, Calif., Feb. 19, 2015 /PRNewswire/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW), a leader in natural gas storage systems, integration and vehicle system technologies, today announced that it received an initial order for one of the nation's largest private food distributors for Quantum's industry leading light-weight Q-CabLITE™ and Q-RailLITE™ compressed natural gas storage systems.
"We are developing relationships within new market segments that have initiated a shift away from diesel fuel, despite recent changes in diesel pricing, to take advantage of the return on investment of CNG storage systems," said Mr. Brian Olson, CEO and President of Quantum. "Most fleet operators that are adopting CNG want to have direct interface with the provider of the system and the cylinder products, and we are uniquely positioned as the manufacturer of the type IV cylinders and the designer and producer of the complete storage system," concluded Mr. Olson.
Quantum's Q-RailLITE and Q-CabLITE CNG fuel modules are integrated CNG fuel systems for heavy-duty truck applications. The Q-RailLITE product line has been developed to be managed and installed on the traditional open rail-space. The Q-CabLITE product line is installed behind the cab allowing for a larger capacity of CNG. Each of these modules contain Quantum's proprietary, ultra-light Q-Lite® CNG storage cylinders, which further minimizes weight while increasing fuel capacity.
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 innovative, advanced, and lightweight compressed natural gas storage tanks 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.
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 cancellation of orders, the acceptance of the Company's products and other risk factors that the Company discloses in its filings with the Securities and Exchange Commission. 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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