ACT News 2017


Quantum Reports 2012 Sales Surge

March 24, 2013 in CNG, Companies by Rich Piellisch  |  No Comments

Record Growth in Orders in 2012 for Q-Lite CNG Tanks

Quantum Fuel Systems reports that new 2012 orders for its Q-Lite brand Type IV all-composite CNG cylinders increased 231%, from $5.8 million in 2011 to a record $19.1 million in 2012. And Quantum says it has already received $9.4 million in new orders for CNG tanks and systems during the first quarter of 2013.

Onward and Upward – Quantum set a record for sales of its Q-Lite brand all-composite CNG cylinders in 2012, and is on pace to possibly double that mark this year.

Onward and Upward – Quantum set a record for sales of its Q-Lite brand all-composite CNG cylinders in 2012, and is on pace to possibly double that mark this year.

“We are excited to see the continuing momentum in compressed natural gas tank orders,” president and CEO Brian Olson said in a release.

Q-Lite is the basis for “one of the lightest natural gas fuel storage solutions in the industry, coupled with superior fuel storage capacity, enhanced safety features and the capability to be quickly integrated on to vehicles,” Quantum (NASDAQ:QTWW) says.


-------------------------------
Contact information is only available to premium subscribers. Click here to purchase a subscription.

Source: Quantum release with Fleets & Fuels follow-up

Posted in CNG, Companies and tagged , .

Leave a Reply

Your email address will not be published. Required fields are marked *


  • Archives