USA, California
Quantum Fuel Systems Technologies Worldwide, Inc. has signed an agreement in China for the distribution and sale of compressed natural gas (CNG) cylinders into international markets. Through this agreement, Quantum gains access to lower-cost Type II steel tanks and Type III aluminum-lined, carbon fiber-wrapped, high-pressure compressed natural gas cylinders, enabling entry into broader international market segments.
The tanks will be manufactured in China by Quantum's partner for the international automobile and transit bus markets. Quantum will assist with the certification of these CNG cylinders to international standards for safety and quality, specifically ISO 11439, EU ECE R110, and US NGV2-2000, for compressed natural gas tanks.
"We believe that this partnership will facilitate Quantum's entry as a supplier of complete, integrated fuel storage systems to Chinese automakers and the growing market for alternative fuel vehicles in China, India, and Europe to meet government demands to diversify energy resources and mitigate the environmental impact of increasing transportation needs.
This agreement is the first in a series of agreements Quantum expects to put in place over the course of this year as a result of our initiatives in China to expand Quantum's global portfolio of products and their international market penetration," said Alan P. Niedzwiecki, President and CEO of Quantum. "Quantum, as a fully-integrated alternative energy company, is a unique one-stop-shop for alternative energy solutions. We will now be able to offer our customers a choice of Type II, Type III or Quantum's own premier ultra-lightweight Type IV compressed natural gas cylinders to meet their requirements for the rapidly expanding worldwide natural gas vehicle market."
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