New York, NY, - May 29 , 2012 – (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in renewable energy stock research for independent investors, issues an investor alert for Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW), trading at $0.6798, gaining 0.0698(11.44%) 12:18PM on over 600,000 shares.
Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW), announced that it has received a new $750,000 contract from a leading global natural gas vehicle systems developer for supplying its industry-leading ultra-lightweight carbon composite compressed natural gas (CNG) storage tanks for a high volume light duty pickup truck platform.
About Quantum: (NASDAQ: QTWW),
Quantum Fuel Systems Technologies Worldwide, Inc,. is a leader in the development and production of advanced vehicle propulsion systems, fuel storage technologies, and alternative fuel vehicles. The Company's portfolio of technologies includes electronic and software controls, hybrid electric drive systems, natural gas and hydrogen storage and metering systems and other alternative fuel technologies and solutions that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and natural gas vehicles. The Company's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of hybrid and plug-in hybrid, hydrogen-powered hybrid, fuel cell, natural gas, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. The Company's customer base includes automotive OEMs, fleets, aerospace industry, military and other governmental agencies, and other strategic alliance partners. The Company's wholly owned subsidiary, Schneider Power Inc., and affiliate, Asola Solarpower GmbH, complement the Company's alternative and renewable energy presence through the development and ownership of wind and solar farms, and the manufacture of high efficiency solar modules for traditional and automotive applications. Quantum is headquartered in Irvine, California, and has operations and affiliations in the USA, Canada, Germany and India.
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