Shares of Quantum Fuel Systems (QTWW) are having a good morning, up over 10% on news the company reported a record revenue number of $8.2 million which was well ahead of the analyst estimate of $5.6 million. The company is attributing the surge to increased development program revenue and product shipments to Fisker of its Q-Drive components for electric cars. The EPS loss narrowed this quarter to .02/share, but much of that was due to … Read the rest
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Quantum Fuel Systems (QTWW) Surged On 100 Electric Ford F150 Deal With Dow Chemical
Quantum Fuel Systems (QTWW) surged with heavy volume off the 50 day moving average yesterday on news the company won a contract with Dow Chemical (DOW) to deliver 100 plug-in hybrid Ford F150 pickups (about 5% of Dow’s fleet). The vehicles will use Quantum’s proprietary F-Drive system developed specifically for the Ford F150 along with Dow Kokam lithium battery technology. The truck has a 35 mile all electric range and a 400 mile range in … Read the rest
Army Testing Quantum Fuel Systems (QTWW) CERV Vehicle
Quantum Fuel Systems Technologies (QTWW) announced today that the U.S. Army displayed and provided over 700 test-drives of Quantum Technology’s Clandestine Extended Range Vehicle ("CERV") at the Army’s All American Bowl in San Antonio, Texas. The “CERV”, using Quantum’s Q-Force hybrid drive system, is an electric hybrid vehicle designed for recon, rescue and targeting missions and is able to climb 60% grades and ford nearly 3ft of water all while using up to 25% less … Read the rest
Quantum Fuel Systems (QTWW) Secures Order For Nat Gas Vehicle Tanks
Quantum Fuel Systems Technologies (QTWW) has announced it’s secured a new purchase contract from a leading Utah-based natural gas vehicle integrator to supply a series of large capacity natural gas vehicle tanks for medium and heavy duty trucks. The Quantum nat gas fuel tanks are lighter than competing tanks allowing for larger storage tanks. They have supplied over 20K of these tanks to General Motors (GM). No word on who this contract is for or … Read the rest
Quantum Fuel Systems (QTWW) Reports Mixed Results
Quantum Fuel Systems (QTWW) reported results after the bell today and as expected posted another loss on weak revenues. Revenues aren’t expected to improve until next year since this is a company that is for the most part tied to the success of the Fisker Karma which is expected to begin volume production in 2011. The company reported a loss of .04/share on revenues of $3.8 million which resulted in a .01/share miss on … Read the rest
Quantum Fuel Systems (QTWW) Signs Initial Q-Drive Purchase Order For Fisker Karma
Quantum Fuel Systems (QTWW) signed a supply deal with Fisker Automotive about two months ago for solar roof modules and control components for the Q-Drive system. Today, they have announced an initial purchase order for supplying Q-Drive™ powertrain systems for the Fisker Karma.
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Quantum will begin supplying the powertrain systems this fall to enable volume production which is expected to begin in February of … Read the rest
Quantum Fuel Systems (QTWW) Subsidiary Schneider Power Lands Wind Energy Power Purchase Agreement In Ontario
Schneider Power, which is a subsidiary of Quantum Fuel Systems (QTWW), announced it has signed a 20 year power purchase agreement with the Ontario Power Authority for wind energy produced by a new wind farm it’s developing in northern Ontario, Canada. The 10MW Trout Creek Wind Project is expected to be up and running within two years and create more than 40 jobs during the construction phase. It’s one of the first agreements to be … Read the rest
Quantum Fuel Systems (QTWW) Soars On Lockheed (LMT) ISIS Airship Deal
It’s been a mighty rough 2010 for Quantum Fuel Systems (QTWW), falling from a high of 1.50 last September to around 50 cents yesterday. Today, it finally got some good news and the stock surged 16% with good volume. It’s still trading well below a buck, but perhaps the bottom is near. It announced this morning that it’s been awarded a contract from Lockheed Martin (LMT) to supply hydrogen metering systems for use in Lockheed’s … Read the rest
Quantum Fuel Systems Technologies (QTWW) Announces Supply Agreement With Fisker
Quantum Fuel Systems Technologies Worldwide just announced that they have a signed a definitive supply agreement to provide Fisker Automotive with parts for the Q-Drive(TM) powertrain system that Fisker is using in the Fisker Karma. Per the agreement, Quantum Fuels will be the exclusive provider for the Q-Drive(TM) hybrid control systems and the solar roof module. Fisker has also agreed to pay Quantum a royalty payment for each Karma sold.
In a press release, … Read the rest
UQM Technologies (UQM) Gets Order From Quantum Fuel (QTWW) Related To Postal Service Electric Vehicle
UQM Technologies (UQM) has received an order from Quantum Fuel Tech (QTWW) for its high efficiency electric drive system to power a postal service electric vehicle which is currently in development. A successful demonstration following a one year development program could lead to widespread adoption by the postal service for its fleet of 178K .. not to mention a great revenue source for both UQM and Quantum.
“We are pleased to be selected by Quantum … Read the rest