IRVINE, Calif., Jan. 9 /PRNewswire-FirstCall/ -- Quantum Fuel Systems
Technologies Worldwide, Inc. (Nasdaq: QTWW) announced today that its Fisker
Automotive, Inc. joint venture will launch the Fisker Hybrid at the North
American International Auto Show (NAIAS) to be held in Detroit, MI on
January 19-27, 2008. The Fisker Hybrid sedan will be showcased in two
locations at NAIAS, with the main display in the Oakland Hall at Booth OAK9
and a second sedan displayed together with a solar energy-based re-charging
station, developed by Quantum in conjunction with its German solar energy
partner, Asola Advanced and Automotive Solar Systems GmbH ("Asola"), in the
Michigan Hall at Booth MH24.
The 2010 Fisker Hybrid is a 4-door premium sports sedan, positioned to
meet the increasing demand for "green vehicles" in the luxury automotive
market segment. Initial deliveries are anticipated to commence in the 4th
quarter of 2009, with annual production projected to reach 15,000 units.
Quantum will supply its proprietary "Q-Drive" high-performance
plug-in-hybrid electric vehicle architecture for the current Fisker Hybrid
sedan as well as all future Fisker models. The Q-Drive plug-in hybrid
electric drive system is designed to achieve 50 miles of zero emission,
battery-only range while providing combined gasoline-electric hybrid
operation to enable uncompromised vehicle range and performance. The
Q-Drive system will be integrated into a unique chassis developed by
Quantum that will enable optimizing the performance and vehicle dynamics.
Benefits of the Q-Drive system include optimized fuel efficiency and
superior performance, unchanged gas station infrastructure, and home-based
battery recharging with any 110-volt outlet or, as an option, 220/240-volt
fast-charging using Quantum's solar energy powered re-charging station.
The Fisker Hybrid will be offered with an optional roof-integrated
solar photovoltaic generation system supplied by Asola to provide power for
ventilation when parking, pre-air conditioning of the vehicle, supplemental
cooling of the lithium-ion battery pack, and opportunity trickle charging
of the vehicle batteries.
Recently, auto industry sales and marketing veteran Victor H. Doolan
was appointed by Fisker Automotive Inc. to become a member of Fisker's
board and lead the automaker's global retail development. Mr. Doolan was
formerly President of BMW of North America, President, Executive Director
of the Premier Automotive Group, the luxury division of Ford Motor Company,
and President of Volvo Cars North America. During his tenure with these
automakers, Mr. Doolan led each through periods of continuous sales growth
in the United States.
"The new Fisker Hybrid sports sedan, which incorporates Quantum's
proprietary Q-Drive system, will change the way we look at the automotive
world," said Alan Niedzwiecki, the President and CEO of Quantum. "Featuring
the design aesthetic of Henrik Fisker, world renowned automotive designer
of the Aston Martin DB9 and V8 Vantage and BMW Z8, the Fisker Hybrid
premium sports sedan provides discerning environmentally conscious
consumers with no compromise of performance or luxury together with its
energy efficient, low emission signature."
About Quantum:
Quantum Fuel Systems Technologies Worldwide, Inc., a fully integrated
alternative energy company, is a leader in the development and production
of advanced propulsion systems, energy storage technologies, and
alternative fuel vehicles. Quantum's portfolio of technologies includes
advanced lithium-ion battery systems, electronic controls, hybrid electric
drive systems, hydrogen storage and metering systems, and alternative fuel
technologies that enable fuel efficient, low emission hybrid, plug-in
hybrid electric, fuel cell, and alternative fuel 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, alternative fuel, and specialty vehicles, as well as modular,
transportable hydrogen refueling stations. Quantum's customer base includes
automotive OEMs, dealer networks, fleets, aerospace industry, military and
other government entities, and other strategic alliance partners.
Quantum has also formed a new company with Fisker Coachbuild, LLC,
which is called Fisker Automotive, Inc. Fisker Automotive will offer a
range of environmentally friendly premium cars, incorporating Quantum's
proprietary high-performance plug-in-hybrid electric vehicle architecture,
known as "Q-Drive," into a unique chassis that will enable optimizing the
performance and vehicle dynamics.
More information can be found about Quantum's products and services at
http://www.qtww.com.
Forward Looking Statements
Except for historical information, the statements, expectations, and
assumptions contained in the foregoing press release are forward-looking
statements. Such forward-looking statements include, but are not limited
to, the Company's expectations regarding expected future revenues and
operating results; future opportunities for Fisker Automotive and Quantum;
the Company's ability to fulfill orders in the future; and other statements
about the future expectations, beliefs, goals, plans, or prospects
expressed by management. Such statements are subject to a number of risks
and uncertainties, and actual results could differ materially from those
discussed in any forward-looking statement. Factors that could cause actual
results to differ materially from such forward-looking statements include,
among other factors, the Company's ability to successfully incorporate the
Quantum Q-Drive system, Fisker Automotive's ability to reach annual
production goals, and the ability to meet performance requirements.
Reference should also be made to the risk factors set forth from time to
time in the Company's SEC reports, including but not limited to those
contained in the section entitled "Risk Factors" in the Company's Annual
Report on Form 10-K for the fiscal year ended April 30, 2007. The Company
does not undertake to update or revise any of its forward-looking
statements even if experience or future changes show that the indicated
results or events will not be realized.
For more information regarding Quantum, please contact:
Dale Rasmussen
Investor Relations
Email: DRasmussen@qtww.com
+1-206-315-8242
SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.
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Related links:
http://www.qtww.com/
CONTACT:
Dale Rasmussen, Investor Relations of Quantum
Fuel Systems Technologies Worldwide, Inc., +1-206-315-8242,
DRasmussen@qtww.com
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