Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) has received a multi-million dollar purchase order from General Motors for hydrogen fuel storage systems to be used in GM’s recently announced Chevrolet Equinox Fuel Cell vehicle program. GM will begin building and deploying a fleet of hydrogen fuel-cell vehicles in 2007. The 10,000 psi (70 MPa) hydrogen storage systems for these Equinox Fuel Cell vehicles are based on Quantum’s Type IV (polymer-lined, all-composite) ultra-lightweight tank technology, incorporating advancements in materials, material utilization, and optimized design, yielding benefits proprietary to GM.
About Quantum:
Quantum and its subsidiary, Tecstar Automotive Group, are leaders in powertrain engineering, system integration, and manufacturing of packaged fuel systems and accessories for specialty vehicles and applications including fuel cells, hybrids, alternative fuels, hydrogen refueling, new body styles, mid-cycle vehicle product enhancements and high performance engines and drive trains for OEMs and consumers of aftermarket parts and accessories. Quantum also designs and manufactures hybrid and fuel cell vehicles.
Quantum has product commercialization alliances with General Motors, AM General, and Sumitomo. Quantum’s customer base includes General Motors, Toyota, Opel, Hyundai-Kia, Suzuki, Ford, DaimlerChrysler, AeroVironment, and the U.S. Army.
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