QUANTUM to Study Packaging of Fuel Storage Systems for GM
IRVINE, Calif., Aug. 8 - QUANTUM Technologies WorldWide, Inc., a wholly owned subsidiary of IMPCO Technologies, Inc. (Nasdaq:IMCO) today announced that General Motors' (NYSE:GM) Global Alternative Propulsion Center has awarded QUANTUM multiple contracts to perform optimization studies for efficiently packaging advanced fuel storage systems within the chassis of vehicles.
Efficient packaging of fuel storage tanks and fuel system components is critical to advanced transportation technologies. QUANTUM's systems are designed for minimum intrusion into the cargo and passenger areas. QUANTUM's fuel storage tanks and fuel systems are also designed for safety -- validated for maximum crash survivability.
Syed Hussain, President and CEO of QUANTUM Technologies, Inc., said, ``These contracts point out QUANTUM's systems approach to fuel storage and handling. We consider the dynamics and aesthetics of the vehicle in the design of our fuel systems. QUANTUM's expertise has been honed by designing several thousand fuel systems for OEMs. We are proud to be supporting GM in their development of future technologies that incorporate alternative forms of propulsion.''
GM and QUANTUM recently announced a partnership to collaborate on improving the range of GM's fuel cell vehicles through the development of hydrogen storage, hydrogen handling and electronic control technologies for fuel cell applications. (See June 12, 2001 press release.)
For more information, please contact:
Alan Niedzwiecki, Executive Director, Business Development
QUANTUM Technologies WorldWide, Inc. Tel: (949) 399-4552
Eileen M. Oswald, Director of Communications
QUANTUM Technologies WorldWide, Inc. Tel: (949) 885-7547
Dale Rasmussen, Investor Relations
IMPCO Technologies, Inc. Tel: (206) 575-1594
QUANTUM Technologies Inc. is a wholly owned subsidiary of IMPCO Technologies Inc. (Nasdaq:IMCO). QUANTUM is focused on the development of fuel system enabling technologies for manufacturers of alternative propulsion and energy in emerging global markets.
Certain matters discussed in this press release contain forward-looking information that involves risks and uncertainties that could cause actual results to differ materially from current trends. These include the company's ability to design and market advanced fuel metering, fuel storage or electronic control products, the company's ability to meet OEM specifications, and other such risks as cited in the 2000 annual report on Form 10-K for IMPCO Technologies, Inc., and other documents filed with the Securities and Exchange Commission.