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Article: Quantum Inks $10.2 Million Plug-In Hybrid Development Contract.

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Investrend
Article date:
July 8, 2009
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Jul 08, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/07/08/quantum-inks-102-million-plug-in-hybrid-development-contract/)

July 8, 2009 (FinancialWire) -- Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW) (Current Market Cap: $69.11 Mil.) said it has signed a $10.2 million contract for development of plug-in hybrid powertrains for Fisker automobiles.

According to the company, the contract will enable Quantum to manage production validation of its Q-Drive plug-in hybrid system and ready it for volume production in 2010.

The contracted phase of development includes the continuation ...

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