Quantum Fuel Systems Receives Purchase Order for $600,000

Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ:QTWW) announced that it has received purchase orders for approximately $600,000 for supplying its ultra-lightweight Q-Lite™ compressed natural gas (CNG) fuel storage tanks for light-duty vehicles.

As quoted in the press release:

Quantum’s patented Q-Lite™ fuel tank technology offers the lightest natural gas fuel storage solution in the industry, coupled with superior fuel storage capacity, enhanced safety features and the capability to quickly integrate fuel systems on to vehicles.

Quantum’s President and CEO, Brian Olson, said:

We are excited about our expanding industry and providing CNG solutions to the market, including existing and new customers. The remarkable light-weight and high capacity advantage of Quantum’s advanced carbon composite natural gas vehicle storage systems are attractive for a broad range of vehicle classes from light duty to heavy duty, for improved performance and fuel economy.

To view the whole press release, click here.