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greatimes
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What do you think, Will it continuw upo after the news ?
Quantum Delivers Hydrogen Refueling System to General Motors
May 19, 2004 09:00:00 AM ET


IRVINE, Calif., May 19 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. QTWW, announced today it has delivered a mobile 10,000-psi (70 MPa) hydrogen refueling system to General Motors. This transportable unit will be used to refuel GM's fuel cell vehicles in Washington, D.C., which are equipped with Quantum's line of 10,000-psi hydrogen fuel systems.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010320/QUANTUMLOGO)

Quantum has developed and launched a line of 5,000 and 10,000-psi hydrogen-refueling systems to support the introduction of fuel cell vehicles. Quantum's portable refueling units are designed to be user friendly based on simple and fully automated controls. They feature an interactive touch screen, one-button operation, automatic shut-off, and incorporate multiple redundant safety mechanisms and fueling controls compatible with California Fuel Cell Partnership hydrogen refueling protocols. The units are also designed with a defueling capability, which is an important feature that facilitates vehicle service operations. They operate on standard industrial power and do not have special utility requirements.

Quantum's refuelers are certified for use by Germany's regulatory agency, TUV (Technischer Uberwachungs Verein). Certification agencies and industry specifications require the units to safely manage pressure, temperature, and potential gas leakage issues with redundant safety features and thorough test and validation of components and systems.

"Our transportable refueling systems are designed to support our customers as they develop and demonstrate their fuel cell vehicles in the field," stated Alan P. Niedzwiecki, President and CEO. "These systems are also helping to establish the early foundation of a hydrogen refueling infrastructure that is beginning to take shape as we move toward a hydrogen economy.

"The higher pressure storage systems developed by Quantum, which this new refueling system supports, translate directly into a greater vehicle driving range for hydrogen fueled vehicles, a critical factor for the commercialization of fuel cell vehicles," added Niedzwiecki.

About Quantum

Quantum focuses on three primary product and system applications: Transportation, Fuel Cell Stationary Power Generation and Hydrogen Refueling Infrastructure. The company manufactures both components and end products. In the Transportation sector, Quantum designs and supplies state-of-the-art fuel system technologies to many of the world's leading OEMs with Hydrogen systems for both Internal Combustion Engine (ICE) and Fuel Cell applications, and Natural Gas and LPG fuel systems for ICE applications. In Stationary Power, Quantum currently supplies components and integrated systems to developers of Fuel Cell stationary power products and is working to expand its product portfolio in these applications. In the area of Refueling Infrastructure, Quantum offers several hydrogen refueling systems focused on early infrastructure development, targeting fleets of one to 20 vehicles.

Quantum's ultra-light weight composite fuel storage, fuel injection and metering technologies, electronic control products and OEM-level systems integration capabilities have enabled the company to develop a product portfolio with state-of-the-art technologies and products, a diverse customer base, and alliances with partners such as General Motors and Sumitomo Corporation.

Quantum is a Tier 1 OEM supplier and a member of the GM Fuel Cell Alliance of fuel cell commercialization companies. Quantum's customer base includes General Motors, Toyota, Opel, Hyundai, Suzuki, Ford, Sunline, Yamaha and AeroVironment.

Quantum's web site: www.qtww.com.

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 revenues and cash from operations in future periods. 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 advanced fuel metering, fuel storage, electronic control and refueling products; and the company's ability to meet the regulatory and customer requirements. 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 its Annual Report on Form 10-K for the fiscal year ended April 30, 2003. The company does not undertake to update or revise any of its forward-looking statements even if experience or future changes show that the indicated results or events will not be realized.

For more information regarding Quantum, please contact:

Dale Rasmussen
Investor Relations
+1-206-315-8242
drasmussen@qtww.com
Cathy Johnston
Director of Communications and Corporate Support of
+1-949-399-4548
cjohnston@qtww.com
(C)2004 Quantum Fuel Systems Technologies Worldwide, Inc.
Advanced Technology Center
17872 Cartwright Road, Irvine, CA 92614
Phone 949-399-4500 Fax 949-399-4600


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