Quantum Fuel Systems Technologies Receives Support for Advanced Natural Gas Fuel System and Engine Development

- April 23rd, 2013

Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW) announced that they have been recommended for a $1 million grant award to pursue its Advanced Natural Gas Engine Research and Development for Class 3 through Class 7 Applications.

Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW) announced that they have been recommended for a $1 million grant award to pursue its Advanced Natural Gas Engine Research and Development for Class 3 through Class 7 Applications.

As quoted in the press release:

The grant will fund the development and validation of a low-cost, multi-port fuel-injected natural-gas fuel system and engine with advanced controls, designed for Class 3 to Class 7 fleet applications such as buses, medium-duty trucks, and port freight-handling vehicles. Quantum’s partners in this project are Power Solutions International, Inc. (PSI) a leading cleantech engine manufacturer, technology and strategy consultancy Ricardo, and the University of California, Riverside. The project will utilize PSI’s new 8.8-liter engine for the base engine, targeting a 20% improvement in fuel economy and a 16% improvement in power density for the natural gas version to meet an urgent market need for advanced natural gas options for medium duty applications.

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

We are pleased to leverage our decades of experience in developing natural gas fuel systems and fill a need in the industry that is in short supply of natural gas engines for the high growth medium duty market segment.

To view the whole press release, click here.

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