Quantum Signs $10.2 Million Phase III Development Contract With Fisker Automotive

IRVINE, CA - July 8, 2009: Quantum Fuel Systems Technologies Worldwide, Inc. today announced that it has signed a $10.2 Million contract for Phase III development of plug-in hybrid powertrains for Fisker automobiles. This contract will enable Quantum to manage production validation of the Q-Drive plug-in hybrid system and ready it for volume production in 2010.

Phase III includes the continuation of engineering development and completion of validation of the powertrain and consists of high altitude, durability, hot and cold weather testing. Phase III development and validation will lead to the launch of production.

Quantum has developed an advanced version of its Q-Drive PHEV system which has been optimized to maximize the performance of the Fisker KARMA, a luxury sports sedan, and the KARMA S "Sunset," a coupe/convertible. The Quantum Q-Drive includes a gasoline powered engine/generator set which yields high efficiency with very low emissions. The lithium ion battery pack and electric traction motor drive system allow the KARMA to drive 50 miles all electrically and achieve excellent fuel economy in hybrid mode.

About Quantum
Quantum Fuel Systems Technologies Worldwide, Inc., a fully integrated alternative energy company, is a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantum's portfolio of technologies includes advanced lithium-ion battery systems, electronic controls, hybrid electric drive systems, hydrogen storage and metering systems, and alternative fuel technologies that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and alternative fuel vehicles. Quantum's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of hybrid and plug-in hybrid, hydrogen-powered hybrid, fuel cell, alternative fuel, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum's customer base includes automotive OEMs, dealer networks, fleets, aerospace industry, military and other government entities, and other strategic alliance partners.

About Fisker
Fisker Automotive is a privately owned luxury premium hybrid car company co-founded by Quantum Technologies and Fisker Coachbuild LLC, with Henrik Fisker as the CEO. The company has backing from Kleiner Perkins Caufield & Byers, Palo Alto Investors and Qatar Investment Authority.