Market Overview

UPDATE: Quantum Reports Kwik-Trip Stores as New Customer, Placed Initial Order for Back-of-Cab Fuel System


Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW), a global leader in natural gas storage systems, integration and vehicle system technologies, today announced that Kwik-Trip Stores, a major Mid-west Convenience Store Chain, placed an initial order quantity for Quantum's fully-integrated Back-of-Cab Fuel System. The storage system includes Quantum's industry leading Q-LiteR compressed natural gas storage tanks.

"We had a pre-production launch in March of this light-weight, highly innovative back-of-cab storage system and the response from end users and fleet customers have been extremely positive," stated Brian Olson, President and CEO of Quantum. "Introducing innovation that reduces weight and cost of the storage system while increasing fuel capacity is the ultimate driving force behind fleets making the switch to our system."

Return-on-investment is a key driver for fleet customers assessing whether to adapt higher percentage levels of purchases for trucks and vehicles that run on natural gas. Cost effective and efficient fuel storage systems can reduce the total cost of ownership and pay back periods for fleet operators and encourage increased adoption rates in the industry.


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