Quantum Awarded follow on $1.0 Million Contract for Natural Gas Storage and Fuel System Development
Development work continues to move ZHRO's Heavy Duty after-market engine conversion program closer to commercialization with use of Quantum's innovative natural gas storage module, delivery system and control software
LAKE FOREST, Calif., July 30, 2014 /PRNewswire/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW), a global leader in natural gas storage systems, integration and vehicle system technologies, today announced that it recently was awarded a follow on $1.0 million software development contract by ZHRO™ Solutions LLC, based in Chandler, Arizona under a strategic development program. The new contract, which is in addition to the $6.0 million in development contracts previously awarded to Quantum by ZHRO, is for Quantum to advance the fuel system control software and oversee the development and integration of the engine control software system.
Under the development program, Quantum and ZHRO will develop a cost-effective, complete natural gas aftermarket system solution for the nation's estimated 4 million medium and heavy duty trucks currently running on more expensive diesel fuel. Quantum is developing fully-integrated compressed natural gas storage and fuel delivery systems for cost-effective aftermarket conversion of heavy duty diesel fleets to run on natural gas.
The fuel system module being developed by Quantum includes its industry-leading high capacity ultra-lightweight Q-Lite® natural gas fuel storage tank and system, the integration of all the fuel delivery components, and the control software to operate the fuel system. As part of the contract with ZHRO, Quantum is overseeing the development of the engine control software in order to operate the engine efficiently with ZHRO's innovative fuel injection system.
ZHRO has developed an operating and marketing model to accelerate the commercial launch of their breakthrough technology and has already contracted with a significant number of North American distributors for sales and installation of ZHRO's fuel injector/engine conversion system.
"We not only continue to advance our relationship with ZHRO solutions but also the development and commercialization of the complete system solution," said Brian Olson, President and CEO of Quantum. "These advancements are leveraging Quantum's extensive experience and successes in providing vehicle level integration, validation and production of advanced natural gas fuel system and storage solutions."
"Our continued focus is to provide a unique conversion solution to our end users and we are pleased that the relationship with Quantum continues to provide us movement toward successful implementation of that strategy," said John Madrigal, COO of ZHRO.