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Microcap & Penny Stocks : Quantum Fuel Sys (NAS.GM: QTWW) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (26)	1/23/2008 8:00:51 AM
From: Jeff Jordan	Read Replies (1) \| Respond to of 271

Quantum Acquires 25% Stake German in Solar Company Tuesday January 22, 9:00 am ET IRVINE, Calif., Jan. 22 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW - News) today announced that it has completed the acquisition of a 25% equity stake in ASOLA Advanced and Automotive Solar Systems GmbH ("ASOLA"), a leading German solar energy technology company that develops and manufactures high quality and high-efficiency photovoltaic modules for a number of innovative applications, including commercial, residential and automotive. "We are pleased to announce the completion of the acquisition of a 25 percent stake in ASOLA. We believe ASOLA will add positive earnings to our bottom line and move Quantum closer to profitability. ASOLA, which has over 20 years of solar industry experience, has and will continue to provide us access to European alliances and relationships in the rapidly expanding European renewable energy market," said Alan P. Niedzwiecki, President and CEO of Quantum. "Demand for ASOLA's high-quality solar modules continues to grow in the expanding renewable energy markets in Germany, Spain, Italy, and France. Our goal is to produce and make these high-quality solar modules available in the United States as well." "As a California-based company, we believe that Quantum, together with ASOLA, is well positioned to capitalize on the multi-billion dollar California Solar Initiative, which provides incentives for solar installations over the next decade for residential homes and commercial, industrial, and agricultural properties," added Mr. Niedzwiecki. biz.yahoo.com