|Last Price||Today's Change||52-Week Range||Trading Volume|
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Market data as of 12:00AM 10/21/14. Quotes are delayed by at least 15 min.
Under the development program, Quantum and ZHRO will develop a cost-effective, complete natural gas aftermarket system solution for the nation's estimated 4 million medium and heavy duty trucks currently running on more expensive diesel fuel. Quantum is developing fully-integrated compressed natural gas storage and fuel delivery systems for cost-effective aftermarket conversion of heavy duty diesel fleets to run on natural gas. The fuel system module being developed by Quantum includes its industry-leading high capacity ultra-lightweight Q-Lite® natural gas fuel storage tank and system, the integration of all the fuel delivery components, and the control software to operate the fuel system. As part of the contract with ZHRO, Quantum is overseeing the development of the engine control software in order to operate the engine efficiently with ZHRO's innovative fuel injection system.
ZHRO has developed an operating and marketing model to accelerate the commercial launch of their breakthrough technology and has already contracted with a significant number of North American distributors for sales and installation of ZHRO's fuel injector/engine conversion system.
"We not only continue to advance our relationship with ZHRO solutions but also the development and commercialization of the complete system solution," said
"Our continued focus is to provide a unique conversion solution to our end users and we are pleased that the relationship with Quantum continues to provide us movement toward successful implementation of that strategy," said
Forward Looking Statements:
This press release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements included in this report, other than those that are historical, are forward-looking statements and can generally be identified by words such as "may," "could," "will," "should," "assume," "expect," "anticipate," "plan," "intend," "believe," "predict," "estimate," "forecast," "outlook," "potential," or "continue," or the negative of these terms, and other comparable terminology. Various risks and other factors could cause actual results, and actual events that occur, to differ materially from those contemplated by the forward looking statements. Risk factors include the successful completion and development of the CNG fuel system by Quantum, the successful validation and commercialization of injection systems by ZHRO, market acceptance of the developed CNG fuel system and the continued cost-effectiveness of natural gas fuel. The Company undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.
More information about the products and services of Quantum can be found at http://www.qtww.com/ or you may contact:
Quantum Investor Relations
Advanced Technology Center,
Phone 949-399-4500 Fax 949-399-4600
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