Quantum Fuel Systems Acquired by Douglas Acquisitions

| USA, Lake Forest CA

Quantum Fuel Systems Technologies (Quantum) has a new lease of life and identity after being acquired by Douglas Acquisitions LLC. The transaction, initiated in April of this year, has now been finalized. Quantum, a manufacturer of CNG (compressed natural gas) fuel systems for the automotive and heavy-duty industry, is renamed Quantum Fuel Systems LLC, a company wholly owned by Douglas.

Going forward, Quantum will continue to provide its CNG technology while being financially positioned to continue to grow its business operations. According to a Quantum spokesperson, immediate enhancements are expected in customer service, support and product offerings.

Quantum’s press release states that since 2013, the company has seen rapid growth, earning a market share in excess of 40% for over-the-road CNG heavy duty vehicles in North America. This was accomplished through a portfolio of CNG storage system products that includes Q-Cab™ back-of-cab storage modules and the Q-Rail™ storage modules that are installed horizontally on the rails of heavy-duty trucks.

Quantum is also commercializing its innovative virtual pipeline trailer (available in 500 and 650 thousand Standard Cubic Feet of Storage), a high-capacity transport trailer that optimizes the logistical efficiency of transporting CNG (and other gaseous fuels) by utilizing its proprietary Q-Lite™ CNG storage tanks at 5,000 PSI. The virtual pipeline trailer will debut later this year.

In 2014, Douglas authorised its company KSR International, Inc. (Ridgetown, ON) to form a consortium that launched Alternative Fuel Containers, LLC. AFC’s goal is to develop natural gas storage tanks to minimize refueling time and maximize miles driven per tank. The AFC tank design is based on using MOF (metal organic framework) adsorbent to capture natural gas at the molecular level.

(Source: Quantum Fuel Systems LLC)


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