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Quantum Fuel Systems Technologies Worldwide, Inc. Announces Proposed Public Offering Of Common Stock

Quantum Fuel Systems Technologies Worldwide, Inc.(“Quantum” or the “Company”) (NASDAQ: QTWW), a leader inthe innovation, development and production of natural gas fuel storage systemsand the integration of vehicle system technologies including engine and vehiclecontrol systems and drivetrains, today announced a proposed registered firmcommitment underwritten public offering of its common stock, subject to marketand other conditions.

Quantum intends to use the net proceeds from theoffering, if completed, for general corporate purposes.

Craig-Hallum Capital Group LLC is acting as sole managingunderwriter for the offering.

The shares are being offered pursuant to an effectiveshelf registration statement on Form S-3 that was previously filed with theSecurities and Exchange Commission (SEC). The securities may be offered only bymeans of a prospectus. The prospectus and a preliminary prospectus supplementrelated to the offering have been filed with the SEC and are available on theSEC’s website located at http://www.sec.gov and mayalso be obtained from Craig-Hallum Capital Group, 222 South Ninth Street, Suite350, Minneapolis, MN 55402, telephone: 612-334-6300, email: jack.mccarthy@craig-hallum.com.

About Quantum:

Quantum Fuel Systems Technologies Worldwide, Inc. is aleader in the innovation, development and production of natural gas fuelstorage systems and the integration of vehicle system technologies includingengine and vehicle control systems and drivetrains. Quantum produces one of themost innovative, advanced, and light-weight compressed natural gas storagetanks in the world and supplies these tanks, in addition to fully-integratednatural gas storage systems, to truck and automotive OEMs and aftermarket andOEM truck integrators. Quantum provides low emission and fast-to-marketsolutions to support the integration and production of natural gas fuel andstorage systems, hybrid, fuel cell, and specialty vehicles, as well as modular,transportable hydrogen refueling stations. Quantum is headquartered in LakeForest, California, and has operations and affiliations in the United States,Canada, and India.

More information about the products and services ofQuantum can be found at http://www.qtww.com

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Mon. May 25th, 2020

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