Quantum Announces Canadian Order
for Ultra Light-Weight Natural Gas Vehicle Storage Systems for
Light Duty Vehicles
IRVINE, Calif. - Quantum Fuel
Systems Technologies Worldwide, Inc. announced that it has
secured a new purchase contract from a large Canadian natural
gas vehicle integrator, Hi-tec Fuel & Auto Ltd, to supply a
series of natural gas vehicle tanks for light duty trucks.
The Quantum next generation medium
capacity Compressed Natural Gas (CNG) storage system was
developed for the growing global market for natural gas
vehicles, by offering fuel efficiency, simplified installation
and reduced vehicle operation and maintenance costs. Quantum
continues to offer the lightest tanks in the market. This
enables light duty trucks to carry significantly more fuel on
board and operate for long distances without reducing their
payload as is required with competing tanks that are
significantly heavier.
"Quantum's new medium capacity
ultra light-weight natural gas storage tanks enable light duty
trucks to achieve nearly the range as those operating on
gasoline," said Alan P. Niedzwiecki, Quantum's President and
CEO. "Quantum's tanks are now becoming a favorite of the large
base of light duty truck operators in Canada, enabling them to
operate their fleets on clean-burning, cost-effective CNG."
"For over 21 years, Hi-tec Fuel
has led the Canadian market with over 1,600 conversions and an
unflawed safety record. The light and heavy duty truck market
will continue to grow and now having a single higher capacity
CNG tank achieving comparable gasoline mileage equivalence, and
being the lightest in weight speaks for itself," stated Tim
Dykes, Hi-tec, President.
According to the California Energy
Commission, natural gas-powered light duty vehicles reduce
carbon emissions by up to 40% and particulate matter by up to
80% compared to conventional gasoline-powered models. Natural
gas fuel costs significantly less, on average, than gasoline and
remains unaffected by the rising global oil prices. With natural
gas prices at historic lows and projected to stay low, operation
on compressed natural gas (CNG) offers significant cost
advantages.
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 wholly owned subsidiary, Schneider
Power Inc., and affiliate Asola Advanced and Automotive Solar
Systems GmbH complement Quantum's emerging renewable energy
presence through the development and ownership of wind and solar
farms, and manufacture of high efficiency solar modules.
Quantum's portfolio of technologies includes electronic
controls, hybrid electric drive systems, natural gas and
hydrogen storage and metering systems and alternative fuel
technologies that enable fuel efficient, low emission hybrid,
plug-in hybrid electric, fuel cell, and natural gas 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, natural gas 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.
