Market Overview

Quantum Receives its First Storage System Purchase Order from Kenworth Dealership Network


Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW), a global leader in natural gas storage systems, integration, and vehicle system technologies, today announced it has received its first storage system order from a large Kenworth dealership network with offices in the US and Canada. The purchase order is for Quantum's frame-rail mounted CNG storage module, Q-RailLITE™, incorporating Quantum's industry leading light-weight compressed natural gas storage vessels.

To enable the modules to be installed at specific Kenworth dealership locations, Quantum will train dealerships to install and service Quantum's CNG modules. The installation and service training will provide technicians the information, documentation, and hands-on experience to work with the unique aspects of CNG storage systems.

"We are excited to be working within the Kenworth dealership network as this represents our first opportunity to be working alongside Kenworth and their customer base," said Mr. Brian Olson, President and CEO of Quantum. "Installations by dealers and second stage assemblers are enabling the CNG vehicle industry to continue to expand. The advancement of the dealership channel and Quantum's direct participation therein, provides a cost effective solution for CNG system installations and is being well received by fleet customers," concluded Mr. Olson.

Quantum's Q-RailLITE™ CNG storage module, combined with Quantum's Q-CabLITE™ back-of-cab CNG storage module, provide the industry significant weight savings and extended capacity for longer range.


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