Quantum and Asola Nab $17 Million Solar Module Supply Contract

IRVINE, Calif., May 27 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) today announced that its German solar partner, Asola Advanced and Automotive Solar Systems GmbH, has won a $17 million contract from Sunworx GmbH, for the supply of high-efficiency silicon photovoltaic solar modules. Sunworx, which is one of the leading solar system suppliers in Germany, will take delivery of these modules in 2008.

"Sunworx is notable for their innovative solutions, consistent growth and long-term business success. Asola is pleased to partner with this dynamic company, as they share our passion for the highest quality and reliability," said Asola's founder and CEO, Reinhard Wecker.

Quantum and Asola have recently announced tripling of solar module production capacity in Germany, by fall 2008. Quantum holds a 25% stake in Asola, and is in discussions towards an expanded partnership. Asola and Quantum have entered into a long-term supply agreement with Ersol Solar Energy AG for the procurement of 155 MW of high-efficiency silicon photovoltaic solar cells, starting in 2008. The Ersol agreement and additional supply contracts with other leading suppliers such as MOTECH and Sunergy guarantee a steady supply of solar cells to Quantum and Asola, thereby avoiding any potential future disruptions due to silicon shortages, as have been recently experienced by the solar cell industry. Resulting sales from these supply agreements are anticipated to generate in excess of US $600 million for Asola and Quantum.

"Demand for peak power is growing at twice the rate as the overall electricity market," commented Alan P. Niedzwiecki, President and CEO of Quantum. "Solar systems are ideally suited to meet local peak power demands, and are increasingly favored by major utility companies to meet their renewable energy portfolio requirements. We believe that Quantum and Asola are well-positioned to meet this demand in Europe as well as to capitalize on the opportunities in California and the rest of North America."

Asola Lands $20 Million Deal

IRVINE, Calif., March 26 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) today announced that its German solar partner, Asola Advanced and Automotive Solar Systems GmbH, has won a $20 million contract from Krannich Solar, for the supply of high-efficiency silicon photovoltaic solar modules. Krannich Solar, which is one of the largest solar system providers in Europe, will take delivery of Asola's high quality products in 2008.

"Asola is pleased to receive this award from Krannich Solar," commented Asola's founder and CEO, Reinhard Wecker. "Krannich is a tremendous European company, and home to the major leading brands in the industry. We are honored to join the ranks of world-leading premier solar module manufacturers."

Quantum has recently announced acquisition of a 25% stake in Asola, and also a long-term supply agreement with Ersol Solar Energy AG for the procurement of 155 MW of high-efficiency silicon photovoltaic solar cells, starting in 2008. The Ersol agreement guarantees a supply of solar cells to Quantum and Asola, thereby avoiding any potential future disruptions due to
polysilicon shortages, as have been recently experienced by the solar cell industry. Resulting sales from the supply agreement with Ersol are anticipated to generate in excess of US $500 million for Asola and Quantum.

"The European solar industry demands the best, and we are pleased by the high confidence shown by our customers in Asola's technology leadership, high reliability and manufacturing quality," 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. We believe that Quantum and Asola are well-positioned to meet this demand in Europe as well as to capitalize on the opportunities in California and the rest of North America."

Quantum Technologies Aquires Stake in ASOLA

IRVINE, Calif., Jan. 22 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) 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.

Based on existing orders and capacity, ASOLA anticipates 2008 revenues in excess of 50 million Euros while generating positive net profits. Currently, ASOLA's order backlog extends for several years, building on the long-term solar cell supply agreement that ASOLA and Quantum entered into with prominent German solar cell manufacturer Ersol. ASOLA continues to expand production capacity at its German facilities to support the high growth the company is experiencing.

As previously announced, ASOLA has signed a long-term supply contract with Ersol Solar Energy AG for the procurement of 155 MW of high-efficiency silicon photovoltaic solar cells, starting in 2008. This agreement guarantees a supply of solar cells to Quantum and ASOLA, thereby avoiding any potential future disruptions due to polysilicon shortages, as have been
recently experienced by the solar cell industry. Resulting sales from the supply agreement with Ersol are anticipated to generate US $500 million for ASOLA and Quantum. Quantum and ASOLA intend to jointly utilize the Ersol cells for the manufacture of high quality solar modules for commercial, residential, and automotive applications in both Europe and the United
States. This guaranteed supply will enable the expansion of Quantum and ASOLA solar modules into Germany, Spain, Italy, and France as well as into the United States, beginning in California.

Solar energy demand has consistently grown in excess of 25 percent per year in Europe during the past 15 years, and is poised for a period of accelerated growth, especially in California. German solar energy companies have gained significant experience over the past decade in meeting the demand in Germany that consumes over 50 percent of the global solar photovoltaic module manufacturing capacity.

"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.

About Quantum:

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 powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of hybrid and 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, fleets, aerospace industry, military and other government entities, and other strategic alliance partners.

Quantum has also formed a new company with Fisker Coachbuild, LLC, which is called Fisker Automotive, Inc. Fisker Automotive will offer a range of environmentally friendly premium cars, incorporating Quantum's proprietary high-performance plug-in-hybrid electric vehicle architecture, known as "Q-Drive," into a unique chassis that will enable optimizing the performance and vehicle dynamics.