Quantum Fuel Systems Technologies (QTWW) Opens New German PV Manufacturing Plant With Asola

Quantum Fuel Systems Technologies just announced that its affiliate, Asola, has opened a new PV manufacturing facility in Erfurt, Germany. The new, state of the art plant will employ 130 workers and produce 32 MW of PV modules per year first. Later, it will expand to produce 45 MW annually.

In a press release, leaders from both companies commented on the new plant:

"With this new plant we underline our own exceptional growth path, which well exceeds the average growth rate within the solar industry. Our formula for success is, and will remain, un-compromising quality – Made in Germany," said Mr. Reinhard Wecker, the founder and CEO of Asola.

"We are seeing positive signs in the market for the second half of 2009," commented Alan Niedzwiecki, President and CEO of Quantum. "Our expanded capacity is already proving to be very timely, to support the increased demand in line with the medium and long-term prospects for the solar industry in Europe as well as the US."

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