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Quantum Fuel Systems Technologies Worldwide Inc. Message Board

  • mbautiger mbautiger Oct 28, 2013 10:22 PM Flag

    Items of note from S-3 filed today - ie Deal to produce General Motors car confirmed and 2nd OEM too. Going to be good rest of year and 2014

    1. We continue to work on...a bi-fuel CNG fuel system for the 2015 model year Chevrolet Impala vehicle under a planned production program with General Motors. In February 2013, we entered into an agreement with another automotive OEM for the development of a CNG fuel system for a popular full size passenger vehicle platform. The contractual arrangements provide for us to be the “Manufacturer of Record” under both of these programs for the CNG system related vehicle modifications.....vehicles expected to be commercially available beginning in the second half of 2014 for the General Motors program and in 2015 for the other OEM program.
    2.We are under contract to provide CNG fuel storage systems to an OEM level system integrator for medium-duty trucks.... We currently supply our CNG storage tanks to approximately 20 integrators for use in light to medium duty truck applications.
    3. As the market continues to adjust to the underlying economic benefits of natural gas, we believe there will be substantial opportunities in the passenger vehicle market.
    4. In addition to our CNG and hydrogen systems, we design, develop and supply hybrid and PHEV systems, which include complete systems or sub-systems and components and are designed to improve vehicle fuel economy and performance, leverage existing gas station infrastructure, and utilize home-based battery recharging. Our proprietary control systems and software is integrated into base vehicle components such as the engine, generator, motor, inverters, battery system, power converters, and charger to provide customized hybrid drive-train technologies and systems and can be packaged utilizing different designs, technologies and subsystems.
    5.Pursuing existing and new opportunities for our CNG storage and fuel systems solutions in the passenger vehicle and light, medium and heavy duty truck markets.
    6.Focusing our efforts on natural gas vehicle programs with short-term, high-volume commercialization opportunities.

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