IRVINE, Calif., Jan. 23 /PRNewswire-FirstCall/ -- Quantum Fuel Systems
Technologies Worldwide, Inc., (Nasdaq: QTWW) today announced that it is the
supplier of the hydrogen fuel injectors to Ford Motor Company for its
hydrogen internal combustion engine (HICE) powered shuttle bus program,
including the three vehicles delivered December 7th to Parliament Hill in
Ottawa, Canada for a unique pilot project that will test the vehicles in
real-life conditions.
The three buses to be used in Ottawa are part of a larger group of
twenty shuttle buses that will be demonstrated across the United States and
Canada. These units form a pre-commercial evaluation of Ford's HICE
technology under real-world conditions that will help Ford assess the
viability of commercially offering vehicles equipped with hydrogen internal
combustion engines.
Three Ford shuttle buses equipped with advanced hydrogen internal
combustion engines (HICE) will be included in the Senate shuttle bus fleet
on Parliament Hill. The shuttle buses transport parliamentarians and staff
between buildings of the Parliamentary Precinct. The hydrogen buses will
replace existing gasoline-powered shuttle buses and, in doing so, will
reduce engine-related emissions to near-zero levels.
"We are honored to be Ford's supplier for hydrogen fuel injectors.
Quantum's patented injector has been designed, tested, and validated
specifically to work with cleaner burning, dry gaseous fuels such as
hydrogen, natural gas, and propane," said Alan P. Niedzwiecki, President
and CEO of Quantum. "We fully support Ford's view that HICE-powered
vehicles will play an important role as a transitional solution that will
enable the emerging hydrogen economy. Interest continues to grow in
Quantum's hydrogen hybrid vehicles, both the Hydrogen Prius and the
Hydrogen Escape Hybrid, as near-term alternatives to reduce emissions and
petroleum usage through the implementation of hydrogen technologies."
About Quantum:
Quantum and its subsidiary, Tecstar Automotive Group, are leaders 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, and Sumitomo. Quantum's customer base includes General Motors,
Toyota, Opel, Hyundai, Suzuki, Ford, DaimlerChrysler, 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
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 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, prevailing market conditions; the Company's ability to design and
market automotive products; the Company's ability to meet customer
specifications and qualification requirements; availability of component
parts and raw materials that meet the Company's requirements; and the
Company's ability to source alternative materials and suppliers. 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, 2006. 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
Andy Abele
Executive Director, Strategic Development
Email: aabele@qtww.com
+1-949-399-4527
(C)2007 Quantum Fuel Systems Technologies Worldwide, Inc.
Advanced Technology Center
17872 Cartwright Road, Irvine, CA 92614
Phone 949-399-4500 Fax 949-399-4600
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SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.
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Related links:
http://www.qtww.com
CONTACT:
Dale Rasmussen, Investor Relations,
DRasmussen@qtww.com, +1-206-315-8242, or Andy Abele, Executive
Director, Strategic Development, +1-949-399-4527,
aabele@qtww.com, both of Quantum Fuel Systems Technologies
Worldwide, Inc.
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