Quantum Awarded $9.3 Million Order for High Capacity Q-Lite™ CNG Fuel Storage Tanks for HD Trucks
Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW), a global leader in natural gas storage systems, integration and vehicle system technologies, today announced a record $9.3 million production contract for delivery of Q-Lite™ CNG storage tanks for heavy-duty truck applications.
“This record production contract for Quantum reflects the accelerated growth in the industry and is indicative of rapid compressed natural gas adoption within the heavy-duty truck market, especially after the release of the CWI 11.9 liter natural gas engine,” said Mr. Brian Olson, President and CEO of Quantum.
Quantum’s premier Q-Lite™ natural gas storage tank is specifically designed and engineered for OEM level truck applications and is the lightest and most storage efficient large diameter tank on the market.
About Quantum
Quantum Fuel Systems Technologies Worldwide, Inc. is a leader in the innovation, development and production of natural gas fuel storage systems and the integration of vehicle system technologies including engine and vehicle control systems and drivetrains. Quantum produces one of the most innovative, advanced, and light‐weight compressed natural gas storage tanks in the world and supplies these tanks, in addition to fully‐integrated natural gas storage systems, to truck and automotive OEMs and aftermarket and OEM truck integrators.
Category: General Update
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