Quantum Fuel Systems Technologies Worldwide, Inc. (QTWW) and Asola Advanced Awarded $135 Million Contractual Agreement to Supply Solar Modules
Quantum Fuel, a fully integrated alternative energy company and leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles, announced that its German solar partner, Asola Advanced and Automotive Solar Systems GmbH, a technology company producing and marketing high output and high efficiency flat modules for residential and industrial applications, has been awarded a contract by AS Solar GmbH for the supply of high-efficiency silicon photovoltaic solar modules. The contract is subject to final negotiations on quantity and price in 2009 and 2010. The value of this contract is estimated at $135 million…