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Quantum Signs Strategic Agreement for Distribution of Alternative Fuel Systems in India

Quantum Fuel Systems Technologies Worldwide, Inc, today announced that it has signed an agreement for the marketing, sales, and distribution in India of its leading alternative fuel vehicle products and systems for compressed natural gas (CNG), blends of natural gas and hydrogen, and liquid petroleum gas (LPG).

The Indian subcontinent is the fastest growing market for CNG and LPG systems, and is projected to double its global market share by 2012. This rapid growth in India is due to strong support from local governments and by fuel suppliers providing supporting infrastructure. The global markets for CNG and LPG are expected to exceed 8 million units by 2012, up from 3 million units in 2006.

The agreement is focused on bringing Quantum's advanced alternative fuel technologies into this rapidly growing Indian market. The agreement covers Quantum's patented high-durability gaseous fuel injectors; Type II, Type III and light-weight Type IV fuel storage tanks; fuel metering systems, electronic engine control units, and calibration strategies to meet increasingly stringent emission standards; and vehicle integration methodologies for India's fast growing automotive and bus markets.

"This agreement is a key part of our strategy to accelerate our growth in the international market for alternative fuel technologies by tapping into India's rapidly expanding market," said Alan P. Niedzwiecki, President and CEO of Quantum. "We believe that we are well-positioned to service the growing demand from the leading automakers in India for complete solutions that address durability and tighter emissions with our proven advanced technology products. Together with the low-cost Type II and Type III CNG tanks from our recently announced agreement in China, Quantum can now offer a complete line of cost-effective alternative fuel vehicle products for the international market."

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