IRVINE, Calif., April 9, 2008 /PRNewswire-FirstCall/ -- Quantum Fuel
Systems Technologies Worldwide, Inc. (Nasdaq: QTWW), today announced that
the Quantum-powered Fisker Karma, a high-performance hybrid sports sedan
built through a partnership with Fisker Automotive, is featured in the
April 2008 edition of the Robb Report Collection.
The article highlights the breakthrough "eco-chic" hybrid design from
renowned Danish designer Henrik Fisker that runs on Quantum Technologies'
"Q-Drive" -- a fully electric-powered system that offers zero-emissions, no
compromise on power, and achieves 100 miles per gallon.
The innovative Q-Drive is a hybrid propulsion system configured with a
small gasoline engine used solely to power an electric generator that
charges a lithium-ion battery pack. The advanced propulsion system can take
the Karma from 0 to 60 mph in 5.8 seconds, reaching speeds in excess of 125
mph.
Quantum's Q-Drive technology will provide a base for all future
derivatives from Fisker Automotive and moves Quantum one-step closer to its
goal of becoming the premier, fully integrated alternative energy company.
In addition to supplying the Q-Drive, each Fisker Karma will incorporate
Quantum-Asola's solar roof, produced through Quantum's partner, the
German-based solar module manufacturer, Asola.
Fisker expects to deliver 100 of the luxury hybrids by the end of 2009
with full production commencing in 2010. For more information, visit
http://www.qtww.com or http://www.fiskerautomotive.com.
About Quantum Fuel Systems Technologies Worldwide, Inc.
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
power-train engineering, system integration, vehicle manufacturing, and
assembly capabilities provide fast-to-market solutions to support the
production of hybrid, 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. For more
information, visit http://www.qtww.com.
About Fisker Automotive, Inc.
Keeping with the company's mantra of "Simply World Class," Fisker
Automotive and its retailers will offer a customer experience second to
none. All retailers will be housed in eco-friendly facilities and will
offer consumers a unique personal approach, including the ability to ask
questions via video conference with an expert at Fisker Automotive
headquarters and flexible scheduling based on consumer availability.
Fisker Automotive is a privately owned car company with Henrik Fisker
serving as the CEO. Fisker Coachbuild, LLC will be the exclusive design
house for Fisker Automotive through the entire range of product
development. Additional executive team members include Vic Doolan, Board
Member FA & Director of Retail Development; Alan Niedzwiecki, CEO Quantum
Technologies & Board Member FA; Bernhard Koehler, COO; Thomas Fritz,
Director of Engineering; and production design by Alexander Klatt, formerly
of BMW and Mark Clarke formerly of Porsche. This experienced team will help
Fisker Automotive lead the future and redefine automotive design by
creating the ultimate eco-chic car-cars that marry unparalleled style with
environmental consciousness.
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, 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.
Contact:
At the Company:
Dale Rasmussen
Quantum Fuel Systems Technologies Worldwide, Inc.
Investor Relations
Email: DRasmussen@qtww.com
1-206-315-8242
Investor Relations:
RedChip Companies, Inc.
Sanford Diday
1-800-REDCHIP (733-2447, Ext. 115)
info@redchip.com
http://www.redchip.com
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SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.
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Related links:
http://www.qtww.com
http://www.redchip.com http://www.fiskerautomotive.com
CONTACT:
Investor Relations, Dale Rasmussen of Quantum
Fuel Systems Technologies Worldwide, Inc., +1-206-315-8242,
DRasmussen@qtww.com; or Investor Relations, Sanford Diday of
RedChip Companies, Inc., 1-800-733-2447, ext. 115,
info@redchip.com, for Quantum Fuel Systems Technologies
Worldwide, Inc.
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