NASDAQ Panel Grants Quantum's Request for Continued Listing

IRVINE, Calif., Oct. 27 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) announced today that a NASDAQ Hearings Panel (the "Panel") has granted the Company's request for an extension of time, as permitted under NASDAQ's Listing Rules, to regain compliance with the $1.00 minimum bid price requirement for continued listing on The NASDAQ Global Market. In accordance with the Panel's decision, the Company must evidence a closing bid price of at least $1.00 for a minimum of ten consecutive trading days on or before March 1, 2011. Under NASDAQ's Listing Rules, March 1, 2011 represents the maximum length of time that a Panel may grant to regain compliance with the $1.00 minimum bid price rule.