Quantum Technologies Worldwide Announces Management Stock Purchases
Thursday March 20, 9:39 am ET
IRVINE, Calif., March 20 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide Inc. (Nasdaq: QTWW - News) today announced that a majority of its executive management team, including CEO and President Alan Niedzwiecki; CFO Brian Olson; Dale Rasmussen, Chairman of the Board; and other board members, have purchased Quantum Fuel stock and are expected to purchase more stock from time to time in compliance with federal regulations.
"The team and I have purchased these shares to show our confidence in QTWW's new business and operational plans and because we believe the market value of QTWW's shares as seen in the trading price of late is far below anything close to fair value," Alan Niedzwiecki said.
For more information, investors are directed to the company's filed SEC Form 4's.
About Quantum Fuel Systems Technologies Worldwide Inc.
Quantum Fuel Systems Technologies Worldwide Inc., a fully integrated alternative energy company, is a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantum's portfolio of technologies includes advanced lithium-ion battery systems, electronic controls, hybrid electric drive systems, hydrogen storage and metering systems, and alternative fuel technologies that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and alternative fuel vehicles. Quantum's power-train engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of hybrid, plug-in hybrid, hydrogen-powered hybrid, fuel cell, alternative fuel, and specialty vehicles as well as modular, transportable, hydrogen refueling stations. Quantum's customer base includes automotive OEMs, dealer networks, fleets, aerospace industry, military and other government entities, and other strategic alliance partners. For more information, visit qtww.com.
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