Friday June 27, 9:30 am ET
IRVINE, Calif., June 27 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (NasdaqGM: QTWW), today announced that the Quantum-powered Fisker Karma, a high-performance hybrid sports sedan built through a partnership with green automaker, Fisker Automotive, Inc., is featured in the July 2008 edition of the CAR Magazine, a U.K. publication focusing on trends and technology in the automotive industry.
"We're very excited to see the car featured in such a popular publication," said Alan P. Niedzwiecki, president and CEO of Quantum. "We continue to see growing interest in the Karma, both from traditional car enthusiasts and eco-conscious drivers around the world."
The five-page article by Ben Oliver is part of a feature entitled, "Cars to Save the Car," and highlights the unique features of the Karma, as designed by the CEO of Fisker Automotive, Henrik Fisker, who formerly designed the Aston Martin's DB9 and BMW's Z8 roadster. The piece details Fisker's success in creating a car that delivers high-speed performance, luxury style, and zero-emissions, all at a reasonable price tag for a luxury sports sedan of US$80,000. The Fisker Karma, as Oliver notes, is one of the first green technology vehicles "to go on sale in big numbers, at a viable price and to make a major dent on emissions and oil use."
Quoting Henrik Fisker in the article, Oliver writes: "'Usually, enthusiasts are the first to buy a new car, environmentalists the last. We've united the two. You don't get as much reaction in a cool sports car now; people don't look at you and say 'lucky guy.' That's why you see movie stars in Priuses. People are just amazed and surprised that they can now have a truly sexy environmental car. This is the car they've been waiting for. Consumers are ahead of the car companies' here.'"
The car's power comes from Quantum Technologies' innovative Q-Drive, which is a hybrid propulsion system configured with a small gasoline engine used solely to power an electric generator that charges a lithium-ion battery pack. The advanced propulsion system takes the Karma from 0 to 60 mph in 5.8 seconds, reaching speeds in excess of 125 mph. Quantum's Q-Drive technology will provide a base for all future derivatives from Fisker Automotive.
In addition to supplying the Karma's advanced electric drive motor and lithium-ion battery and control systems, Quantum also supplies the car's regenerative braking system, generator, power inverters and the electronics and software systems. Quantum's German engineering partner, Asola, supplies the Karma's rooftop solar panels, which provide an additional power source for the car.
Fisker expects to deliver 100 of the luxury hybrids by the end of 2009 with full production commencing in 2010.
For more information, visit http://www.qtww.com or http://www.fiskerautomotive.com.
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.
About Fisker Automotive, Inc.
Keeping with the company's mantra of "Simply World Class," Fisker Automotive and its retailers will offer a customer experience second to none. All retailers will be housed in eco-friendly facilities and will offer consumers a unique personal approach, including the ability to ask questions via video conference with an expert at Fisker Automotive headquarters and flexible scheduling based on consumer availability.
Fisker Automotive is a privately owned car company with Henrik Fisker serving as the CEO. Fisker Coachbuild, LLC will be the exclusive design house for Fisker Automotive through the entire range of product development. Additional executive team members include Vic Doolan, Board Member FA & Director of Retail Development; Alan Niedzwiecki, CEO Quantum Technologies & Board Member FA; Bernhard Koehler, COO; Thomas Fritz, Director of Engineering; and production design by Alexander Klatt, formerly of BMW and Mark Clarke formerly of Porsche. This experienced team will help Fisker Automotive lead the future and redefine automotive design by creating the ultimate eco-chic car -- cars that marry unparalleled style with environmental consciousness.
Forward-Looking Statements: 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
Quantum Fuel Systems Technologies Worldwide, Inc.
Investor Relations
Email: DRasmussen@qtww.com
1-206-315-8242
Investor Relations:
RedChip Companies, Inc.
Sanford Diday
1-800-REDCHIP (733-2447, Ext. 115)
info@redchip.com
http://www.redchip.com
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Maitland, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
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