QUANTUM Awarded Contract to Develop Hydrogen Storage System for Fuel Cell Bus

Thor Industries (NYSE: THO), the largest mid-size bus manufacturer in the U.S., will use a QUANTUM hydrogen storage tank system in its new fuel cell bus.

Published: 23-Mar-2001

IRVINE, Calif., March 22 /PRNewswire/ -- QUANTUM Technologies, Inc., a wholly owned subsidiary of IMPCO Technologies, Inc. (Nasdaq: IMCO) today announced that Thor Industries (NYSE: THO), the largest mid-size bus manufacturer in the U.S., will use a QUANTUM hydrogen storage tank system in its new fuel cell bus.

QUANTUM will use its advanced composite Type IV hydrogen storage tank that is uniquely designed and manufactured with a single end boss, one-piece seamless liner and a carbon composite over-wrap. The QUANTUM Type IV hydrogen storage tank is tested and validated to all regulations and standards, including OEM-specific validation tests. QUANTUM's hydrogen storage tanks will be mounted on the roof of the bus.

The Thor fuel cell bus will use a Thunderpower (r) hybrid-electric drive train developed by ISE Research Corporation, San Diego, CA in a 30' low-floor bus built by Thor's subsidiary, Eldorado National. ISE will perform the system integration, to include the QUANTUM hydrogen storage tank subsystem. The fuel cell power plant is being developed by International Fuel Cells (IFC), a division of United Technologies.

Thor has been a market leader in the development of alternative propulsion systems for bus applications. IFC is the world's leading manufacturer of fuel cell power plants. ISE is a leading developer of hybrid drive trains for heavy-duty vehicles.

"This event marks QUANTUM's entry into the fuel cell bus market and underscores QUANTUM's successful focus on enabling technologies for alternative propulsion and energy," said Syed Hussain, President & CEO of QUANTUM."

For more information, please contact:

Investor Relations: Dale Rasmussen, Vice President, QUANTUM Technologies, Inc., Tel: (206) 575-1594, or Alan Niedzwiecki, Executive Director, Business Development, QUANTUM Technologies, Inc., Tel: (949) 399-4552

George Schuh, Dir. of Marketing, ISE Research, Tel. (619) 287-8785, ext. 129

QUANTUM designs, integrates and commercializes fuel handling, advanced gaseous fuel storage systems, fuel metering and electronic control applications to original equipment manufacturers of fuel cell and internal combustion engines.

Certain matters discussed in this press release contain forward-looking information that involves risks and uncertainties that could cause actual results to differ materially from current trends. These include the company's ability to design and market advanced fuel metering, fuel storage or electronic control products, the company's ability to meet OEM specifications, and other such risks as cited in the 2000 annual report on Form 10-K for IMPCO Technologies, Inc., and other documents filed with the Securities and Exchange Commission.

SOURCE QUANTUM Technologies. Inc.

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