Market Overview

Quantum Receives Contract to Develop a Specialized 5,000 psi CNG Tank for Mining Applications

Share:

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 a contract to develop a specialized 5,000 psi CNG tank specifically configured for an integrated storage system for heavy duty mining trucks in Australia. The tank will be developed for an international industrial firm which supports mining and other manufacturing applications leveraging compressed natural gas. The mining applications require availability of natural gas using virtual pipeline delivery methods and the use of CNG tanks for mining applications complements Quantum's recently announced commercial entry into the virtual pipeline industry.

Quantum's Q-Lite® 5,000 psi prototype tank, housed in the customer's integrated CNG storage system, is shown below powering a CAT 789C dump truck. The tank under development will be optimized to maximize CNG payload in this mining application. The Q-Lite tank technology is available for a multitude of CNG applications and delivers the lightest weight and highest capacity of any high pressure gaseous tank in the industry. Quantum's Q-Lite line of tanks are extremely robust and can handle the heaviest of duties. The toughness and durability of the Q-Lite tank is evidenced in the photo attached showing a 140 tonne CAT 789C driving directly over a Quantum tank without incident. The tank was developed using the same design and production characteristics of Quantum's highly successful Q-Lite CNG storage tanks being utilized on thousands of Class 6-8 on-road trucks around North America.

"The mining industry is a major energy user and mining companies around the world are increasingly focused on energy efficiency, lower emission and cost effective ways of generating power," said Mr. Brian Olson, President and CEO of Quantum. "Although many thought mining would be dominated by LNG, Quantum and its commercial partners are now proving that CNG offers a much lower cost solution compared to diesel and LNG," concluded Mr. Olson.

 

Related Articles (QTWW)

View Comments and Join the Discussion!

Posted-In: News Contracts Press Releases