Thursday February 28, 10:04 am ET
IRVINE, Calif., Feb. 28 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (NasdaqGM: QTWW), a fully-integrated alternative energy company, today announced it has hired RedChip Companies, Inc. to lead its public and investor relations programs. Quantum began its relationship with RedChip Companies in late January 2008.
"We chose RedChip Companies to lead our investor and public relations programs based on their success in increasing visibility for companies within the small-cap community as well as their expertise in market positioning, their strong international presence, and their best-in-class products and services," said Alan Niedzwiecki, President and CEO of Quantum Fuel Systems. He concluded, "We are certain that RedChip will bring a distinct and unmatched level of professionalism to our team, thus helping Quantum to build solid and lasting relationships with new investors, while strengthening and augmenting existing relationships with current investors."
Dave Gentry, President and CEO of RedChip Companies Inc., stated: "Quantum represents a marked value play for savvy investors seeking a strong industry leading technology company to add to their diversified portfolio. We are excited to work with Quantum and intend on leveraging our investor and public relations platform to add shareholder value for current and future investors."
Sanford Diday, Executive Vice President of RedChip Companies Inc., stated, "Quantum Fuel Systems Technologies Worldwide Inc. is a company comprised of many hidden assets and, therefore, hidden value that we believe will bear themselves out to all investors very soon as well as bring value investors a meaningful return on investment for the long-run." He added, "With customers and partners such as GM, Ford, Toyota, Chrysler, Fisker Automotive, Hyundai, NASA, Lockheed Martin, Bosch, Yamaha, Asola, Ersol, and the United States Army, we are confident our client has technologies and applications that are, in a material way, both timely and market-ready; the combination of market ready technology and best-in-class partners comprise the catalysts for better than average performance in 2008 and well into the future."
About Quantum Fuel Systems Technologies Worldwide, Inc.
Quantum Fuel Systems Technologies Worldwide Inc., a fully integrated alternative energy company, is a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantum's portfolio of technologies includes advanced lithium-ion battery systems, electronic controls, hybrid electric drive systems, hydrogen storage and metering systems, and alternative fuel technologies that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and alternative fuel vehicles. Quantum's power-train engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to- market solutions to support the production of hybrid, plug-in hybrid, hydrogen-powered hybrid, fuel cell, alternative fuel, and specialty vehicles as well as modular, transportable, hydrogen refueling stations. Quantum's customer base includes automotive OEMs, dealer networks, fleets, aerospace industry, military and other government entities, and other strategic alliance partners. For more information, visit http://www.qtww.com.
Forward-Looking Statement: Except for historical information, the statements, expectations, and assumptions contained in the foregoing press release are forward-looking statements. Such forward-looking statements include, but are not limited to, the Company's expectations regarding expected future revenues and operating results; future opportunities for Quantum; the Company's ability to fulfill orders in the future; and other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management. Such statements are subject to a number of risks and uncertainties, and actual results could differ materially from those discussed in any forward-looking statement. Factors that could cause actual results to differ materially from such forward-looking statements include, among other factors, prevailing market conditions; the Company's ability to design and market automotive products; the Company's ability to meet customer specifications and qualification requirements; availability of component parts and raw materials that meet the Company's requirements; and the Company's ability to source alternative materials and suppliers. Reference should also be made to the risk factors set forth from time to time in the Company's SEC reports, including but not limited to those contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2007. The Company does not undertake to update or revise any of its forward-looking statements even if experience or future changes show that the indicated results or events will not be realized.
Contact:
At the Company:
Dale Rasmussen
Investor Relations
Email: DRasmussen@qtww.com
1-206-315-8242
Investor Relations:
RedChip Companies, Inc.
Jon Cunningham
1-800-REDCHIP (733-2447, Ext. 107)
info@redchip.com
www.redchip.com
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
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