Quantum Receives Significant Follow-On Order from Linde North America for Hydrogen Dispensers to Support the Continued Development of California's Hydrogen Infrastructure
LAKE FOREST, Calif., April 27, 2015 /PRNewswire/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW), a leader in natural gas storage systems, integration and vehicle system technologies, today announced the receipt of multiple orders from Linde North America, a member of The Linde Group, to develop and manufacture additional retail hydrogen fueling dispensers for the further development of hydrogen fueling infrastructure in California. The hydrogen dispensers are targeted to be delivered to and commissioned by Linde North America around the fourth quarter of 2015.
"We are excited by California's commitment to further develop the hydrogen highway, and pleased to be working alongside Linde in furtherance of this effort," said Brian Olson, President and CEO of Quantum. "The hydrogen infrastructure is being built in key areas with multiple phases expected to follow. There is a growing network of hydrogen stations supporting the new fuel cell electric vehicles coming to California from multiple OEMs," concluded Mr. Olson.
These hydrogen dispensers will incorporate new enhancements to the software and hardware that will allow the user experience to be increasingly friendly while continuing to enhance accuracy and performance. These dispensers will meet the revised SAE specifications and OEM expectations for fast fill performance and accuracy for measuring the flow of hydrogen to the vehicle.
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 light-weight 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.
About Linde:
Linde North America, Inc., is a member of The Linde Group. In the 2014 financial year, The Linde Group generated revenue of USD 17.9 bn (EUR 17.047 bn), making it the largest gases and engineering company in the world with approximately 65,500 employees working in more than 100 countries worldwide. The strategy of The Linde Group is geared towards long-term profitable growth and focuses on the expansion of its international business with forward-looking products and services. Linde acts responsibly towards its shareholders, business partners, employees, society and the environment – in every one of its business areas, regions and locations across the globe. The company is committed to technologies and products that unite the goals of customer value and sustainable development.
For more information, see The Linde Group online at www.linde.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. Risk factors include the cancellation of orders, the acceptance of the Company's products, the anticipated timing of new product releases, 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]
Linde Investor Relations
Contact: Amy Ficon
Linde corporate communications
908-771-1491
email: [email protected]
SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.
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