Quantum Selected by California Energy Commission for $4.4 Million Financing for Solar Manufacturing

Quantum Fuel Systems Technologies Worldwide, Inc. QTWW today announced that the California Energy Commission has approved a low-interest loan for the amount of $4.4 million under the state's Clean Energy Business Financing Program for California-based manufacturers of solar products. The low-interest funds will go toward manufacturing equipment for the solar module facility in Irvine, CA, to implement a plant capacity of 45 megawatts annually. Further to this award, the office of Governor Schwarzenegger stated, "California's leadership in clean energy technology is supported by these manufacturers who are investing millions to develop and produce advanced energy products." The Governor added that, "I commend these innovative companies for the work they are doing in advancing clean energy technology and creating jobs for Californians."