DALLAS, April 19, 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 includes 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. On January 16, 2008, the Company completed a series of transactions that resulted in the disposal of substantially all the assets of the Tecstar Automotive Group business segment.
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 recently announced that its Clandestine Extended Range Vehicle (CERV), developed for and in cooperation with the U.S. Army Tank Automotive Research Development and Engineering Center (TARDEC), is on display at the 2010 SAE World Congress at Cobo Center in Detroit."
To read the entire report visit: www.microstockprofit.com/ads/QTWW
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