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Contract to Develop a Specialized 5,000 psi CNG Tank for Mining Applications
Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ:QTWW), a provider in natural gas storage systems, integration and vehicle system technologies, today announced it has received a contract to develop a specialized 5,000 psi CNG tank specifically configured for an integrated storage system for heavy duty mining trucks in Australia. The tank will be developed for an international industrial firm which supports mining and other manufacturing applications leveraging compressed natural gas.
The mining applications require availability of natural gas using virtual pipeline delivery methods and the use of CNG tanks for mining applications complements Quantum’s recently announced commercial entry into the virtual pipeline industry.
Quantum’s Q-Lite 5,000 psi prototype tank, housed in the customer’s integrated CNG storage system, is shown above powering a CAT 789C dump truck. The tank under development will be optimized to maximize CNG payload in this mining application. The Q-Lite tank technology is available for a multitude of CNG applications and delivers the lightest weight and highest capacity of any high pressure gaseous tank in the industry. Quantum’s Q-Lite line of tanks are extremely robust and can handle the heaviest of duties. The toughness and durability of the Q-Lite tank is evidenced in the photo attached showing a 140 tonne CAT 789C driving directly over a Quantum tank without incident. The tank was developed using the same design and production characteristics of Quantum’s highly successful Q-Lite CNG storage tanks being utilized on thousands of Class 6-8 on-road trucks around North America.
“The mining industry is a major energy user and mining companies around the world are increasingly focused on energy efficiency, lower emission and cost effective ways of generating power,” said Mr. Brian Olson, President and CEO of Quantum. “Although many thought mining would be dominated by LNG, Quantum and its commercial partners are now proving that CNG offers a much lower cost solution compared to diesel and LNG,” concluded Mr. Olson.
Quantum Fuel Systems Technologies Worldwide, Inc. is, the company said in a statement, “a leader in the innovation, development and production of natural gas fuel storage systems and the integration of vehicle system technologies including engine and vehicle control systems and drivetrains. Quantum produces one of the most innovative, advanced, and light-weight compressed natural gas storage tanks in the world and supplies these tanks, in addition to fully-integrated natural gas storage systems, to truck and automotive OEMs and aftermarket and OEM truck integrators. Quantum provides low emission and fast-to-market solutions to support the integration and production of natural gas fuel and storage systems, hybrid, fuel cell, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum is headquartered in Lake Forest, California, and has operations and affiliations in the United States, Canada, and India.”
