* Quantum MP Hybrid(TM) to be Unveiled at SAE 2005 World Congress
IRVINE, Calif., April 11 /PRNewswire-FirstCall/ -- Quantum Fuel Systems
Technologies Worldwide, Inc., (Nasdaq: QTWW) announced today, the delivery of
two new hybrid electric vehicles to the U.S. Army. Last Fall, Quantum
delivered to the military its Aggressor(TM) vehicle, a high performance,
off-road fuel cell vehicle. The U.S. Army TARDEC's NAC (Tank-Automotive
Research, Development and Engineering Center's National Automotive Center)
will unveil the Quantum MP Hybrid(TM) vehicles at the Society of Automotive
Engineers (SAE) 2005 World Congress, which opened today.
The Quantum MP Hybrid(TM) is a low cost, light duty vehicle designed to
support a variety of military, homeland defense, and commercial applications.
This dual use military/commercial platform offers reduced fuel consumption and
vehicle maintenance costs, while providing other benefits such as quiet
operation, on-board power generation via removable/remote power supplies, and
ease of maintenance.
These first two vehicles incorporate diesel electric hybrid drive systems
to capitalize on the Army's existing diesel fuel infrastructure. The Quantum
MP Hybrid(TM) can also be configured with hydrogen-powered internal combustion
engines or fuel cells. Quantum will continue its discussions with the U.S.
Army to advance the hydrogen applications.
The military version features a removable 5 kW "briefcase-size" generator
set. The other vehicle is configured for civilian use, demonstrating dual use
applications that will enable cost reductions to the military through
economies of scale. Both vehicles will seat four full-sized adults and
include a cargo storage area suitable for backpacks, toolboxes, and other
light-duty hauling.
Dennis Wend, Executive Director of the U.S. Army's National Automotive
Center stated, "We are excited by the potential that this low-cost concept has
to dramatically reduce the military's fuel cost and costs associated with wear
and tear on more expensive vehicles currently used for base transport, such as
the HMMWV. "
"Quantum continues to advance our system technologies and creatively apply
these technologies in hybrid applications. We have now delivered a fuel cell
vehicle -- the Quantum 'Aggressor(TM)' -- and two internal combustion engine
electric hybrid vehicles to the military. The new MP Hybrid(TM) is unique in
that it is a modular, easily configurable light duty vehicle platform that
allows a fleet purchaser to define requirements, select from a variety of
assemblies and features, and custom configure the body and power train to best
suit their specific vehicle needs."
About the NAC
TARDEC, headquartered at the Detroit Arsenal, Warren, Michigan, is
responsible for developing and maintaining vehicles for all U.S. Armed Forces,
many federal agencies and more than 60 foreign countries. TARDEC's National
Automotive Center is the Army's official link to commercial industry, academia
and government in developing new dual-use automotive technologies that meet
the needs of both defense and commercial industries. Together, they lead the
way in providing our Soldiers with vehicles and vehicle technologies that will
increase survivability and ensure mobility on the battlefield while reducing
design, manufacturing, operations and maintenance costs.
About Quantum
Quantum is a leader in powertrain engineering, system integration and
manufacturing of packaged fuel systems and accessories for specialty vehicles
and applications including fuel cells, hybrids, alternative fuels, hydrogen
refueling, new body styles, mid-cycle vehicle product enhancements and high
performance engines and drive trains for OEMs and consumers of aftermarket
parts and accessories. Quantum also designs and manufactures hybrid and fuel
cell vehicles.
Quantum has product commercialization alliances with General Motors, AM
General, Sumitomo and IMPCO. Quantum's customer base includes General Motors,
Toyota, Opel, Hyundai, Suzuki, Ford, DaimlerChrysler, Sunline, Yamaha,
AeroVironment, and the U.S. Army.
More information can be found about Quantum's products and services at
http://www.qtww.com.
Forward Looking Statements
Statements in this document regarding future financial and operating
results, future growth in customers and development programs, benefits and
synergies of the merger with Starcraft, future opportunities for Quantum, and
any other statements about the future expectations, beliefs, goals, plans, or
prospects expressed by management constitute forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. Any
statements that are not statements of historical fact (including statements
containing the words "will," "believes," "plans," "anticipates," "expects,"
"estimates," and similar expressions) should also be considered to be forward-
looking statements. There are a number of important factors that could cause
actual results or events to differ materially from those indicated by such
forward-looking statements, including: prevailing market conditions; the
Company's ability to design and market advanced fuel metering, fuel storage
and electronic control products and vehicles; the Company's ability to meet
military and customer specifications; and the level and success of the
Company's development and commercial programs with the military, particularly
shifts in demand for advanced vehicle technology. Additional factors may be
found in Quantum's Form 10-K for the year ended April 30, 2004 and in the
other documents filed by the parties with the Securities and Exchange
Commission "SEC"), including the Registration Statement on Form S-4 filed by
Quantum with the SEC on January 19, 2005.
Forward-looking statements are based on the beliefs, opinions, and
expectations of the Company's management at the time they are made, and the
Company does not assume any obligation to update its forward-looking
statements if those beliefs, opinions, expectations, or other circumstances
should change.
For more information regarding Quantum, please contact:
Dale Rasmussen
Investor Relations
+1-206-315-8242
Cathy Johnston
Director of Communications and Corporate Support
+1-949-399-4548
cjohnston@qtww.com
(C)2005 Quantum Fuel Systems Technologies Worldwide, Inc.
Advanced Technology Center
17872 Cartwright Road, Irvine, CA 92614
Phone 949-399-4500 Fax 949-399-4600
SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.
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Related links:
http://www.qtww.com
CONTACT:
Dale Rasmussen, Investor Relations,
+1-206-315-8242, or Cathy Johnston, Director of Communications
and Corporate Support, +1-949-399-4548, cjohnston@qtww.com, both
of Quantum Fuel Systems Technologies Worldwide, Inc.
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