Quantum Awarded Follow-on Contract for High Capacity Ultra-Light Weight Carbon Composite Natural Gas Vehicle Storage Systems for Light-Duty Trucks

Quantum Fuel Systems Technologies Worldwide, Inc. QTWW today announced that it has secured a purchase contract for 200 additional ultra-light weight high capacity compressed natural gas storage systems from a large US natural gas vehicle integrator of light-duty trucks. With the price of natural gas projected to stay relatively low for the foreseeable future, the pace of conversion to natural gas fuel has accelerated, driving up demand for Quantum's carbon composite high capacity CNG storage systems, which are the lightest in the industry. Quantum tanks enable relatively simple vehicle integration, allowing elimination of heavy structural reinforcement that is necessary to integrate competing heavier tanks. Light-weight tanks also help to lower operation and maintenance costs and to improve gas mileage and payload capacity. Lightweight tanks enable trucks and buses to carry significantly more fuel on board and operate for long distances without compromising their payload capacity or driving characteristics.