DALLAS, May 17, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Quantum Fuel Systems Technologies Worldwide Inc. (Nasdaq:QTWW). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/ads/QTWW
Quantum Fuel Systems Technologies Worldwide Inc. (QTWW) is a fully integrated alternative energy company, and a player in the development and production of propulsion systems, energy storage technologies and alternative fuel vehicles. The Company's portfolio of technologies include electronic controls, hybrid electric drive systems, hydrogen storage and metering systems, and alternative fuel technologies that enable fuel efficient, low emission hybrid, plug-in electric hybrid, fuel cell and alternative fuel vehicles.
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In the report, the analyst notes:
"Revenues decreased $4.4 million, from $5.9 million in the third quarter of fiscal 2009 to $1.5 million in the third quarter of fiscal 2010, and decreased $9.8 million, from $17.0 million in the first nine months of fiscal 2009 to $7.2 million in the first nine months of fiscal 2010. The decrease in revenue for the third quarter and first nine months of fiscal 2010 is primarily related to customer delays on the Q-Drive development program as Fisker Automotive finalized its $528 million loan from the Department of Energy…
"QTWW announced recently that it has signed a definitive Supply Agreement with Fisker Automotive to supply key components and control systems for the Q-DriveTM powertrain system that is being incorporated in the Fisker Karma. Under the terms of the licensing and supply arrangement, QTWW will be the exclusive supplier of the Q-DriveTM hybrid control systems and the solar roof module. QTWW will also receive a royalty payment on each Karma sold that incorporates QTWW's Q-Drive."
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