Market Overview

Quantum Receives Several New System Orders for CNG Modules

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Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW), a leader in natural gas storage systems, vehicle integration and vehicle system technologies, today announced new CNG system orders, including follow-on orders from existing customers in addition to new customer wins. The systems to be delivered include Quantum's complete Q-CabLITETM and Q-RailLITETM product lines made for heavy duty truck usage including on-road, refuse and oil and gas vehicle terrain applications.

"We are seeing opportunities emerge across many segments as customers are driven by the fuel savings, their continuing commitment to natural gas, and their desire to improve the environment. In addition, some are motivated by less obvious factors such as convenient refueling opportunities in the oil and gas fields and carbon credits," said Brian Olson, President and CEO of Quantum. "Our new and existing customers are widely accepting of both the aesthetic and light-weight design of our product and the durability and ease of installation and serviceability aspects of our system technology for both the Q-Cab and Q-Rail," concluded Mr. Olson.

Quantum's Q-RailLITE and Q-CabLITE CNG fuel modules are integrated CNG fuel systems for heavy-duty truck applications. The Q-RailLITE product line has been developed to be managed and installed on the traditional open rail-space. The Q-CabLITE product line is installed behind the cab allowing for a larger and customized capacity of CNG. Each of these modules contain Quantum's proprietary, ultra-light Q-Lite® CNG storage cylinders, which further minimizes weight while increasing fuel capacity. Quantum's storage system product offering includes several back-of-cab configurations ranging from a 1 tank to 5 tank system design using different diameter tank products.

 

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