Quantum Technologies Announces Resignation of Chief Executive Officer and Executive Chairman of the Board

Quantum Fuel Systems Technologies Worldwide, Inc.

, announced today that Alan P. Niedzwiecki, the Company's President and Chief Executive Officer, and Dale L. Rasmussen, the Company's Executive Chairman of the Board, resigned from their respective positions with the Company and as members of the Company's board of directors, effective immediately. The Company also announced that W. Brian Olson, who had been serving as the Company's Chief Financial Officer, was appointed to serve as interim Chief Executive Officer and Bradley J. Timon, who had been serving as the Company's Corporate Controller, was appointed to serve as interim Chief Financial Officer. The board of directors will promptly commence a search for a permanent Chief Executive Officer and Chief Financial Officer. The Company further announced that in light of the events described above, the Company's 2012 Annual Meeting of Stockholders has been rescheduled to August 9, 2012 and the record date was established as June 15, 2012.