IRVINE, Calif., June 4, 2012 -- Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW), a global leader in natural gas, hydrogen and hybrid/electric vehicle technologies, today announced that it will demonstrate its clean, fuel efficient, Plug-In Hybrid Electric (PHEV) F-150 pickup truck to nation's leading fleet managers at the 2012 Electric Utility Fleet Managers Conference (EUFMC) in Williamsburg, Virginia, June 2-6, 2012.
The EUFMC is an annual meeting of fleet representatives from electric utility companies, typically attracting the largest investor-owned electric utilities in the U.S., Canada and South America as well as major electric cooperatives and contractors.
"We are pleased to demonstrate Quantum's exciting PHEV F-150 at the Electric Utility Fleet Managers Conference, for the fleet managers to experience firsthand the performance and versatility of our highly efficient electric drive system," said Brian Olson, the CEO of Quantum. "Our green fleet truck is an ideal solution for fleet managers who are interested in lowering their total cost of ownership, while also reducing greenhouse gas emissions and meeting corporate sustainability goals."
Quantum announced on May 30th, 2012 that it has delivered the first pilot version of its PHEV F-150 pickup truck to Florida Power & Light Company (FPL), in association with Dow Kokam, the lithium-ion battery system supplier for the PHEV F-150. Quantum's innovative "F-Drive" parallel hybrid drive system powers the PHEV F-150 – first 35 miles on a series-hybrid electric zero emission mode, followed by an efficient parallel-hybrid drive mode that extends the range up to 600 miles, and yielding a 100+ mpg fuel efficiency depending on the drive cycle. The innovative integration scheme for the F-Drive and the state-of-the art Lithium Ion battery system ensures full ground clearance without impingement into the cab or cargo bed. The PHEV F-150 fleet vehicles incorporating Quantum's F-Drive will meet CARB/EPA emission regulations and the safety regulations from the US Department of Transportation Federal Motor Vehicles Safety Standards (DOT FMVSS).
Quantum Fuel Systems Technologies Worldwide, Inc. is a leader in the development and production of advanced vehicle propulsion systems, fuel storage technologies, and alternative fuel vehicles. The Company's portfolio of technologies includes electronic and software controls, hybrid electric drive systems, natural gas and hydrogen storage and metering systems and other alternative fuel technologies and solutions that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and natural gas vehicles. Quantum's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of hybrid and plug-in hybrid, hydrogen-powered hybrid, fuel cell, natural gas, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum's customer base includes automotive OEMs, fleets, aerospace industry, military and other governmental agencies, and other strategic alliance partners. Quantum's wholly owned subsidiary, Schneider Power Inc., and affiliate, Asola Solarpower GmbH, complement Quantum's alternative and renewable energy presence through the development and ownership of wind and solar farms, and the manufacture of high efficiency solar modules for traditional and automotive applications. Quantum is headquartered in Irvine, California, and has operations and affiliations in the USA, Canada, Germany and India.
Forward Looking Statements:
This press release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements included in this report, other than those that are historical, are forward-looking statements and can generally be identified by words such as "may," "could," "will," "should," "assume," "expect," "anticipate," "plan," "intend," "believe," "predict," "estimate," "forecast," "outlook," "potential," or "continue," or the negative of these terms, and other comparable terminology. Various risks and other factors could cause actual results, and actual events that occur, to differ materially from those contemplated by the forward looking statements. The Company undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events. More information can be found about the products and services of Quantum, Schneider Power and Asola at http://www.qtww.com/ or you may contact:
Brion D. Tanous
Principal, CleanTech IR, Inc.
©2012 Quantum Fuel Systems Technologies Worldwide, Inc.
17872 Cartwright Road, Irvine, CA 92614