IRVINE, Calif., May 26 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. , today announced that it has been awarded a contract for expanded support of Lockheed Martin's Space Systems' development of ISIS (Integrated Sensor is the Structure) airship powered by a Regenerative Fuel Cell (RFC). Quantum will supply critical hydrogen metering systems in conjunction with the hydrogen and oxygen storage systems that it is currently supplying to Lockheed Martin.
The ISIS uses solar rays during daylight hours to generate renewable electricity that electrolyzes water to generate hydrogen and oxygen to run the RFC at night. Quantum has worked closely with Lockheed Martin to develop one of the lightest advanced carbon fiber composite hydrogen storage vessels in the world for this application. Quantum will expand the scope of the program by developing precision fuel metering devices that are compatible with a wide array of environmental conditions.
"Quantum is a world leader in ultra-lightweight energy storage technology, having our roots in developing and supplying carbon-composite hydrogen and natural gas tanks to leading global automakers for fuel cell and alternative fuel vehicles," said Alan P. Niedzwiecki, President and CEO of Quantum. "We are pleased to work with Lockheed Martin to further advance Quantum's gaseous fuel metering technology, for applications involving hydrogen and oxygen for the ISIS program."
ISIS is a large stratospheric airship of unprecedented proportions, carrying an integral radar sensor that can detect small valuable targets from a distance of several hundreds of kilometers away. ISIS has the potential to revolutionize persistent theater-wide intelligence, surveillance and reconnaissance. Lockheed Martin will build the prototype airship for the U.S. Defense Advanced Research Projects Agency (DARPA) under a $400 million contract.
About Quantum:
Quantum Fuel Systems Technologies Worldwide, Inc. is a fully integrated alternative energy company - a leader in the development and production of advanced clean mobility systems, and renewable energy generation systems and services. Quantum's portfolio encompasses solar module manufacturing, wind and solar energy generation power plants, and clean, energy efficient hybrid-electric, plug-in hybrid, fuel cell and natural gas vehicle propulsion systems, light-weight energy storage technologies and hydrogen refueling systems. Quantum's customer base includes automotive and aerospace industry OEMs, military, the US Department of Energy and other government entities, consumer and investor-owned utilities, and other strategic alliance partners.
More information can be found about Quantum's products and services at http://www.qtww.com/
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 and the documents that we incorporate by reference, 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. The risks include the ability of Quantum to design, develop and manufacture advanced storage and metering devices for Lockheed Martin. 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.
For more information regarding Quantum, please contact: Dale Rasmussen Investor Relations Email: DRasmussen@qtww.com +1-206-315-8242
Quantum Fuel Systems Technologies Worldwide
CONTACT: Dale Rasmussen, Investor Relations of Quantum Fuel Systems
Technologies Worldwide, Inc., +1-206-315-8242, DRasmussen@qtww.com
Web Site: http://www.qtww.com/
