RedChip Featured Company: Quantum Fuel Systems Technologies Worldwide, Inc. (QTWW)
Source: http://Blog.QualityStocks.net/?p=12083Posted on Tuesday, September 2nd, 2008 | In Small & Micro Cap
Quantum Fuel Systems Technologies Worldwide, Inc. (QTWW) is a diverse alternative energy company engaged in the development and production of propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantum provides solutions, from conception to production, to original equipment manufacturers (OEMs), commercial organizations, and governments. The company’s mission is to create breakthrough technologies that redefine the future of energy.
Quantum is a Tier 1 supplier of “green” vehicle technologies to automotive OEMs. The company’s technologies are being fully integrated into the transportation industry. Quantum’s core hybrid electric, hydrogen, and alternative fuel technologies allow for energy efficient use in hybrid and fuel cell vehicles.
With its knowledge of powertrain engineering and vehicle integration, Quantum has worked with the U.S. Army in designing complete fuel cell and hybrid vehicles. Utilizing the Quantum technology would provide soldiers with a tactical advantage by providing virtually silent operating modes that would have a reduced thermal signature, extended silent watch capabilities, and produce transportable power for telecommunications, surveillance, and other battlefield equipment. Quantum also has strategic alliances with General Motors, Fisker Automotive, Asola, and Advanced Lithium Power, Inc.
Quantum has developed a proprietary high-performance plug-in hybrid electric propulsion system called “Q-Drive”. The Q-Drive takes advantage of the performance potential of electric drive systems while providing high mileage and low emissions from its integrated, plug-in hybrid electric design. The drive system provides advantages including optimal fuel efficiency, continued use of traditional fuel stations, and simple battery charging through any 110-volt outlet, 220/240-volt fast-charging outlet, or a Quantum solar-energy powered recharging station. The Q-Drive will be used in the Fisker Automotive line of premium luxury vehicles and will provide drivers with up to 50 miles of emissions-free driving per day.
Quantum is taking a lead in the development of hydrogen technologies. Hydrogen is the most abundant element in the universe and can be easily generated from renewable energy resources. One of the largest hurdles in making hydrogen a viable fuel source has been how to safely store it. Quantum has developed the most advanced hydrogen storage system in the industry, which has set the path for the Department of Energy’s National Hydrogen Energy Roadmap. Additionally, the company’s hydrogen refueling stations provide modular solutions for creating a distribution infrastructure to meet the increased demand for hydrogen and fuel cell vehicles.
According to Alan Niedzwiecki, President and CEO of Quantum, “Our goal is to build upon our foundation of advanced energy technologies to become the premier, fully integrated alternative energy company.”
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