Quantum Technologies Receives Follow-On Order for its Q-CabLITE™ Natural Gas Storage System from Dillon Transport
- Dillon Transport has established itself as an industry leader in adopting CNG trucking solutions
LAKE FOREST, Calif., March 24, 2015 /PRNewswire/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW), a leader in natural gas storage systems, integration and vehicle system technologies, today announced it has received another follow-on order for its fully-integrated Q-CabLITE CNG storage system from Dillon Transport, an industry leader in adopting CNG transportation solutions. Quantum's Q-CabLITE fuel system includes its industry leading, light-weight Q-Lite® CNG storage tanks.
"Dillon Transport continues to take advantage of our Q-CabLITE natural gas storage systems and provide forward-thinking, innovative and immediate fleet solutions to the industry," said Mr. Brian Olson, President and CEO of Quantum. "It's rewarding to receive follow-on orders and deliver solutions into the market to support the needs of transportation companies that want to drive change within the industry," concluded Mr. Olson.
"The current spread between diesel and CNG still justifies adoption and we remain steadfast in moving these solutions throughout our fleet operations and into the market," said Mr. Jeff Dillon, President of Dillon Transport. "We have experienced the weight savings, capacity levels and all of the other advantages of Quantum's Q-CabLITE system and have found them to be highly effective in meeting the requirements we set out as part of our natural gas vehicle program," concluded Mr. Dillon.
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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