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
Quantum Fuel Systems (QTWW) reported earnings results after the bell yesterday, beating Wall ST estimates on both the EPS and revenue side with a loss of .03/share on revenues of $6.2 million. Analysts had expected a .07/share loss. Revenues slipped 35% over the year ago quarter which the company attributed to the end of a supply contract with GM for hydrogen fuel storage systems. However, the company continues to trim its losses as cost reduction … Read the rest
Quantum Fuel Systems (QTWW) is announcing that it is one of 12 companies that has been selected by the LA Dept of Water & Power to be qualified suppliers for materials and services necessary for solar power projects around the city to meet the Renewable Portfolio Standard mandate. This is an initial three year, $455 million effort to meet the goal of 20% renewable energy this year and 35% by 2020 with a goal of … Read the rest
Quantum Fuel Tech (QTWW) has supplied Shell with hydrogen fueling technology and infrastructure equipment to support its station in New York near the entrance to JFK Airport. The hydrogen fueling station which is open to the public is part of a group of hydrogen fueling stations opened by Shell around New York in partnership with the Port Authority of NY, New Jersey, US Dept of Energy and General Electric.
Quantum’s proprietary technology, in use since … Read the rest
Quantum Fuel Systems (QTWW) is staging yet another breakout attempt this morning, clearing a bullish formation. The last time it cleared a bullish formation on Sept 22nd, it nearly doubled in a few trading days. It’s going to be tough to do that again on this breakout, but it’s certainly not out of the realm of possibility, particularly if it can clear the 1.75 area.
