Quantum Unites Business Segments to Increase Efficiencies

Quantum Fuel Systems Technologies Worldwide, Inc., a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles, today announced that it has completed the consolidation of its two California-based operational facilities into one location based in Lake Forest, California. The Lake Forest campus, totaling approximately 100,000 square feet, includes the Company’s existing propulsion system development operations, vehicle integration and prototype center, state-of-the-art emissions and dynamometer laboratory, and now includes all technology and product development, engineering and advanced research, and compressed tank manufacturing and assembly.

“Quantum is a leader in engineering and advanced propulsion system technologies for hybrid and alternative fueled vehicles, bringing new concept and production-intent vehicles to market, and serving as a tier-one supplier to automotive OEM’s in commercializing advanced ‘clean’ vehicle technologies such as the Fisker KARMA,” commented Alan Niedzwiecki, President and Chief Executive Officer of Quantum.

“We are pleased to announce this move today as a critical step toward achieving our stated goals, and want to reinforce the positives of this move as strategic and tactical changes that both bolster and augment our current business operations, and allow us to respond cost-effectively to the growing demand from our customer base for quick-to-market solutions. The integration of these operational segments streamlines the operational movement of the company in a way that allows us to align and increase the efficiency of our supply chain environment, business process operations and management, and key corporate metrics alike, making our company lighter, and more nimble, and ultimately one step closer to profitability,” said Mr. Niedzwiecki.

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 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, 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.

Quantum has also formed a new company with Fisker Coachbuild, LLC, which is called Fisker Automotive, Inc. Fisker Automotive will offer a range of environmentally friendly premium cars, incorporating Quantum’s proprietary high-performance plug-in-hybrid electric vehicle architecture, known as “Q-Drive,” into a unique chassis that will enable optimizing the performance and vehicle dynamics.

Quantum is a member of the Russell 3000 Index and the Russell Global Index.

More information can be found about Quantum’s products and services at http://www.qtww.com.