-- Quantum's Q-Cab160 and Q-Cab180 Offers Ryder Customers Enhanced Capacity and Range
LAKE FOREST, Calif., Sept. 9, 2015 (GLOBE NEWSWIRE) -- Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ:QTWW), a global leader in natural gas storage systems, integration and vehicle system technologies, announced today that its industry leading Q-Cab160 and Q-Cab180 product series is now available through the Ryder System, Inc. (NYSE:R) network. Ryder, a leader in commercial fleet management, dedicated transportation, and supply chain solutions, is now able to offer its customers the needed capacity in a single module and the benefit of weight reduction and fuel efficiency with this new system offering. The revolutionary 3-tank CNG Module can either be configured as a Q-Cab160 (160 diesel gallon equivalent module) or Q-Cab180 (180 diesel gallon equivalent module).
Traditionally, the long haul market has been limited to diesel trucks due to CNG fuel systems limitations in supporting long range trucks at acceptable weights and capacity levels. Quantum's launch of its innovative, light weight, high capacity CNG systems, incorporating its industry leading storage tanks, provides the necessary weight and capacity model that makes long haul with CNG possible. Many long haul trucking firms are now considering CNG as a viable and much lower cost transportation fuel; therefore, Quantum works with commercial fleet management companies such as Ryder to provide specialized vehicles for the transportation needs of each trucking firm.
"Ryder continues to be a leader in successfully implementing CNG vehicle solutions in a broad range of applications from local delivery to regional distribution and long haul applications," said Mr. Brian Olson, President and CEO of Quantum. "Ryder is now opening a new frontier in CNG for long haul trucking," concluded Mr. Olson.
"Quantum's high quality and light-weight CNG fuel system modules are the most efficient and cost effective systems in the market and it's this technology advantage that makes long haul CNG applications work," said Scott Perry, Ryder Vice President of Supply Management and Global Fuel Products. "Quantum's new light weight systems are enabling the use of CNG in long haul applications and providing an excellent value proposition for our customers."
Quantum pioneered type IV composite technology to achieve the highest storage efficiency and capacity of its CNG tanks and complete fuel systems. Quantum's Q-RailLITE, Q-CabLITE, and now its Q-Cab160 and Q-Cab180, CNG fuel modules contain Quantum's proprietary, ultra-light patented Q-Lite® CNG storage cylinders which allows lighter weight structures while still meeting critical shock and vibration requirements. These cylinders are now being offered in 30-inch diameter configurations enabling efficient and cost effective storage solutions. The combination of the lightest and highest capacity tanks in the world and highly engineered lightweight structures enables Quantum to provide the lightest CNG systems with the highest diesel gallon equivalents (DGE) per pound in the industry.
About Quantum: Quantum Fuel Systems Technologies Worldwide, Inc. is a leader in the innovation, development and production of natural gas fuel storage systems and the integration of vehicle system technologies including engine and vehicle control systems and drivetrains. Quantum produces one of the most innovative, advanced, and light-weight compressed natural gas storage tanks in the world and supplies these tanks, in addition to fully-integrated natural gas storage systems, to truck and automotive OEMs and aftermarket and OEM truck integrators. Quantum provides low emission and fast-to-market solutions to support the integration and production of natural gas fuel and storage systems, hybrid, fuel cell, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum is headquartered in Lake Forest, California, and has operations and affiliations in the United States, Canada, and India.
About Ryder: Ryder is a FORTUNE 500® commercial fleet management, dedicated transportation, and supply chain solutions company. Ryder's stock (NYSE:R) is a component of the Dow Jones Transportation Average and the Standard & Poor's 500 Index. The Company has been named among FORTUNE's World's Most Admired Companies, and has been recognized for its industry-leading practices in third-party logistics, environmentally-friendly fleet and supply chain solutions, and world-class safety and security programs. Inbound Logistics magazine has included Ryder in its "Green Partners" listing for five years in a row. Ryder was also recognized by the U.S. Environmental Protection Agency (EPA) with a 2014 SmartWay Affiliate Challenge award and SmartWay Excellence Awards in 2014 and 2013. Ryder is a charter member of the NGV Fleet Forum and a member of the Department of Energy's National Clean Fleets partnership. Ryder is also a recipient of the 2011 NGV Achievement Award. A member of the American Red Cross Disaster Responder Program, Ryder is proud to support national and local disaster preparedness and response efforts. For more information, visit www.ryder.com, and follow us on our Online Newsroom, Facebook, LinkedIn, Twitter, and YouTube. Access Ryder's Corporate Sustainability Report here.
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 growth of the CNG market and acceptance of the Company's products. 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
Source:Quantum Fuel Systems Technologies Worldwide Inc.