Quantum Fuel Systems Worldwide, Inc. (QTWW) Releases Numbers and Offers Alternatives
Source: http://Blog.QualityStocks.net/?p=12270Posted on Wednesday, September 10th, 2008 | In Small & Micro Cap
The California based company Quantum Fuel Systems Worldwide, Inc. released their numbers on September 10th and showed that the Company is making strides in the business world. The revenue for the first quarter of fiscal 2009 was $3.7 million compared to $3.5 million in the first quarter of 2008, an increase of 6%.
Quantum provides products that utilize the hydrogen economy. By using the format, this allows the company to produce automotive options for a vast array of customers that stem from the everyday consumer to government organizations.
Quantum made national news in the financial sector on May 30, 2008 when the Company closed a series of transactions with its secured lender where the Company received $7.5 million in proceeds from a new loan, replaced an unexercised 5.0 million investment commitment from the lender with a new $10 Million investment commitment, and substantially amended the terms of its outstanding borrowings under its $16.2 million Convertible Promissory Note and its $10 Million Term Note B.
Quantum is led by Alan P. Niedzwiecki who serves as both the Company CEO and President. Niedzwiecki has over 25 years experience in the alternative fuels industry and has guided Quantum to concept-to-completion solutions for industry leaders such as General Motors, NASA and the United States Army.
Amongst the most innovative products created by Quantum are its natural gas pickup truck, hydrogen powered military vehicles and hybrid cars. The young Company’s mission is to be at the forefront of the new automotive age and to provide consumers with energy alternatives that will offer choices for all auto owners.
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Alan P. Niedzwiecki, California, energy alternatives, General Motors, National Aeronautics and Space Administration, natural gas pickup truck, Quantum Fuel Systems Worldwide Inc., secured lender, Small & Micro Cap, United States Army, USD
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