IRVINE, Calif., April 18 /PRNewswire-FirstCall/ -- Quantum Fuel Systems
Technologies Worldwide, Inc. (Nasdaq: QTWW), a leader in the development
and production of advanced propulsion systems, energy storage technologies,
and alternative fuel vehicles, today announced that the company has met all
requirements for continued listing on the NASDAQ Global Market stock
exchange.
The bid price of the company's common stock has closed at $1.00 or
higher for more than the required 10 consecutive days.
The Company's common stock will continue to trade on the NASDAQ Global
Market under the symbol "QTWW."
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.
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 Nasdaq listing
compliance 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.
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
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
| |
SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.
 back to top
Related links:
http://www.qtww.com
http://www.redchip.com
CONTACT:
Dale Rasmussen, Investor Relations of Quantum
Fuel Systems Technologies Worldwide, Inc., +1-206-315-8242,
DRasmussen@qtww.com; or investors, Sanford Diday of RedChip
Companies, Inc., 1-800-REDCHIP (733-2447, Ext. 115),
info@redchip.com, for Quantum Fuel Systems Technologies
Worldwide, Inc.
| |
|
