QUANTUM Developing Fuel Storage Systems for General Motors
IRVINE, Calif., July 23 - 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 design, develop and validate advanced fuel storage system technologies for a new automotive alternative propulsion system being developed by GM.
Under the terms of the contract, QUANTUM will develop ultra-lightweight, high-capacity fuel storage technologies designed to extend the range of the vehicle between refueling intervals.
Syed Hussain, President and CEO of QUANTUM Technologies, Inc., said, ``This demonstrates the ongoing endorsements by GM of QUANTUM's advanced fuel system technologies. 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.
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 Worldwide, 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.