Quantum Fuel Systems Technologies Worldwide Inc.’s (QTWW) German Partner Saddles up with South Korean High-Volume Manufacturer
QualityStocks (September 15th, 2008) Writes:
Quantum Fuel Systems Technologies Worldwide Inc. (Nasdaq: QTWW), a fully integrated alternative energy company, today released word its German solar photovoltaic partner, Asola, has signed a deal to establish a joint-venture manufacturing plant in South Korea. The partnership will allow the company to produce and distribute its German-designed solar modules in South Korea through Q&Tech/Yongsan Inc., a high-volume manufacturer of automotive components for the global automotive industry.
“I look forward to a long and mutually beneficial relationship with our partner in Korea,” Reinhard Wecker, the founder and CEO of Asola stated in the press release. “Our strategy is to associate with organizations that are established players in the solar industry or experienced high volume manufacturers of similar products. Our partner is already a trusted supplier to the automotive, telecommunication and electronics industries, and we are pleased to work with them.”
The facility will employ equipment, process and quality controls identical to
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