| IRVINE,
Calif.-- Quantum Fuel Systems Technologies Worldwide, Inc., today announced
that it has been awarded a contract to supply ten hydrogen hybrid Priuses
to VistOrka for use in Iceland's SMART-H2 project.
The SMART-H2 (Sustainable Marine
and Road Transport -- Hydrogen in Iceland) project is a supported market
introduction where participants impose various demands on hydrogen technology
in a variety of market applications. VistOrka's role in SMART-H2 includes
leading the steering committee for the project, financing its management,
subsidizing hydrogen vehicles, and providing support to follow up all parts
of the project. The SMART-H2 will be one of the largest hydrogen demonstrations
in the world.
The first phase of the SMART-H2 is
to introduce hydrogen powered vehicles to potential customers. Customers
will buy or lease these hydrogen vehicles from VistOrka, who will also
provide technical support. The first customers will be energy companies,
investment funds, and Hertz car rental service. SMART-H2 will be expanded
in the next phase of the project with additional hydrogen vehicles introduced
in 2008-2009.
"The demand for Quantum's hydrogen
hybrid Prius continues to grow around the world as a clean, fuel efficient
alternative to petroleum fueled vehicles. We are proud to provide Quantum's
OEM-quality hydrogen vehicles to Iceland's innovative SMART-H2 project,"
said Alan P. Niedzwiecki, President and CEO of Quantum. "We believe that
opportunities will continue to emerge to supply additional vehicles to
hydrogen projects throughout North America and Europe."
About Quantum:
Quantum, a fully integrated alternative
energy company, is a leader in powertrain engineering, system integration
and manufacturing of packaged fuel systems and accessories for specialty
vehicles and applications including fuel cells, hybrids, alternative fuels,
hydrogen refueling, new body styles, mid-cycle vehicle product enhancements
and high performance engines and drive trains for OEMs and consumers of
aftermarket parts and accessories. Quantum also designs and manufactures
hybrid and fuel cell vehicles. Quantum also develops and manufacturers
advanced lithium-ion batteries through its partner, Advanced Lithium Power.
Quantum has product commercialization
alliances with General Motors, AM General and Sumitomo. Quantum's customer
base includes General Motors, Toyota, Opel, Hyundai, Suzuki, Ford, DaimlerChrysler,
SunLine, Yamaha, AeroVironment, and the U.S. Army.
More information can be found about
Quantum's products and services at http://www.qtww.com
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