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Quantum's Tecstar Automotive Group Awarded GM Contract for New Second Stage Manufacturing Program in Shreveport, LA


March 2007
 Filed under: GENERAL MOTORS CORPORATE Car News | GENERAL MOTORS CORPORATE Headlines
IRVINE, Calif., Feb. 28 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ:QTWW) today announced that its Tecstar Automotive Group was awarded a contract by General Motors for a new second stage manufacturing program for the Chevrolet Colorado and the GMC Canyon midsized pickup truck platform.

The second stage manufacturing program is based in Tecstar's existing Shreveport, Louisiana plant. The program will add factory authorized components onto the midsized pickup trucks before they reach the dealer. This program will continue through the 2007 and 2008 model years.
"GM's contract award is of particular significance in that it represents a replacement manufacturing program for Tecstar following the discontinued T800 series sport utility vehicle program," said Jeff Beitzel, COO of Quantum. "The Chevy Colorado and GMC Canyon program will increase jobs at our Shreveport facility, an area that is still feeling the effects of Hurricane Katrina."

"From concept to production, Quantum-Tecstar provides the solutions that OEMs, government agencies, and commercial organizations need. Whether it's a factory produced natural gas pickup truck, a fuel cell powered military vehicle, a transportable hydrogen refueling station, or specialty and limited edition vehicles, our products and engineering services provide solutions that work for our customers."

About Quantum

Quantum and its subsidiary, Tecstar Automotive Group, are leaders in powertrain engineering, system integration and manufacturing of packaged fuel systems and accessories for specialty vehicles and applications including fuel cells, hybrids, alternative fuels, hydrogen refueling, new body styles, mid- cycle vehicle product enhancements and high performance engines and drive trains for OEMs and consumers of aftermarket parts and accessories. Quantum also designs and manufactures hybrid and fuel cell vehicles.

Quantum has product commercialization alliances with General Motors, AM General, Sumitomo and IMPCO. Quantum's customer base includes General Motors, Toyota, Opel, Hyundai, Suzuki, Ford, DaimlerChrysler, Sunline, Yamaha, AeroVironment, and the U.S. Army.

More information can be found about Quantum's products and services at http://www.qtww.com/

Forward Looking Statements

Statements in this document regarding future financial and operating results, future growth in customers and development programs, future opportunities for Quantum and its subsidiaries, and any other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "will," "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward- looking statements, including: variations in pricing, material costs, other general costs and expenses; the ability of the Company to meet customer requirements; the ability of the Company to receive additional phases of this announced award; competitive conditions in the industry; business cycles affecting the markets in which the Company conducts business; and economic conditions generally. Additional factors may be found in Quantum's Form 10-K for the year ended April 30, 2006 and in the other documents filed with the Securities and Exchange Commission.

Forward-looking statements are based on the beliefs, opinions, and expectations of the Company's management at the time they are made, and the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change.

Source: Quantum Fuel Systems Technologies Worldwide, Inc.

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