Quantum Awarded $30 Million Contract (QTWW)

Quantum Fuel Systems Technologies Worldwide, Inc. QTWW announced today that it has received a $30 million purchase order for supplying key components and subsystems related to Quantum's proprietary Q-Drive™ powertrain systems for the Fisker Karma production program under the terms of its supply agreement. Under this first-release production purchase order, Quantum will supply components and systems to support the early vehicle builds that will ramp up to production volumes in 2011. Quantum recently signed a Supply Agreement with Fisker Automotive to supply key components and control systems for the Q-Drive powertrain system that is being incorporated into the Fisker Karma.