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National Press Release
 | Quantum Fuel Systems Technologies Worldwide Awarded Contract to Develop Advanced Hybrid Vehicle Powertrains for IISI's Future Steel Vehicle Program with EDAGPublished 2008-06-10 09:30By Quantum Fuel Systems Technologies Worldwide, Inc. |
Under this contract, Quantum will design, analyze, and develop hybrid vehicle powertrain architectures, i.e., advanced plug-in hybrid electric vehicles (PHEV) and hydrogen fuel cell hybrid vehicles. Quantum will work with their partner, Advanced Lithium Power Inc. (ALP), to develop the advanced lithium-ion battery system and controls for each of the vehicle architectures.
Future Steel Vehicle will develop lightweight steel auto body concepts
that address alternative powertrains, such as advanced hybrid, electric, and
fuel cell systems. The goal of the research is the demonstration of safe,
structurally efficient steel bodies for future vehicles that reduce GHG (green
house gas) emissions over the entire life cycle, it demonstrates steel as the
material of choice for alternative fuel architectures and positions the steel
industry as a key resource for cost-effective structures and opportunities for
packaging of alternative propulsion systems. EDAG, with expertise in product
and manufacturing engineering using Advanced High Strength Steel (AHSS) for
automotive sheet metal structures, as well as body and closure design, was
awarded the program by IISI. EDAG, headquartered in Fulda,
"Demand for Quantum's innovative hybrid electric powertrain designs and
experience in taking alternative propulsion system concepts into production
continues to grow worldwide. We look forward to working with EDAG and
IISI-WorldAutoSteel on this exciting integration of advanced lightweight
vehicle structures with our advanced hybrid powertrains," said
About Quantum:
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 powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of hybrid and 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.
Quantum has also formed a new company with Fisker Coachbuild, LLC, which is called Fisker Automotive, Inc. Fisker Automotive will offer a range of environmentally friendly premium cars, incorporating Quantum's proprietary high-performance plug-in-hybrid electric vehicle architecture, known as "Q-Drive," into a unique chassis that will enable optimizing the performance and vehicle dynamics.
More information can be found about Quantum's products and services at 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 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
For more information regarding Quantum, please contact:
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
(C)2008 Quantum Fuel Systems Technologies Worldwide, Inc.
Advanced Technology Center
17872 Cartwright Road, Irvine, CA 92614
Phone 949-399-4500 Fax 949-399-4600
SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.
