IRVINE, Calif., July 15 /PRNewswire/ -- Fisker Automotive, Inc., a green American premium car company, today announced that Valmet Automotive will manufacture its first production car, the Fisker Karma. Known for producing high quality specialty cars like the Porsche Boxster and Cayman for Porsche AG, the Finland-based contract manufacturer brings to the Fisker Karma 40 years of experience of working with OEM customers and their wide ranging engineering and production needs.

When the Fisker Karma begins rolling off the Valmet assembly line in the fourth quarter of 2009, it will mark the first ever plug-in hybrid 4 door sports sedan to hit the market. With 50 miles of electric range and more than 350 miles of total range, the Fisker Karma with its proprietary Q-DRIVE powertrain developed by Quantum Technologies, will have the potential for a fuel economy of over 100 miles per gallon (MPG) on extended drives. Boasting a top speed of 125mph and 0-60 acceleration in less than 6 seconds, the Fisker Karma is poised to be the world's first true luxury plug-in hybrid sports car.

'After an exhaustive global search, we are thrilled to have found the ideal manufacturing partner in Valmet Automotive,' said Fisker Automotive CEO, Henrik Fisker. 'Valmet offers us the quality and speed necessary to meet our production goals and given that more than half of Fisker Automotive's sales are expected to be outside of North America, Valmet represents an ideal international foothold. We do have a strategic plan to utilize an American manufacturing site for future models of the Fisker Karma.'

'It is forecasted that the market of environmentally-friendly electric vehicles will grow very fast and we are proud to be in the pole position in this growth,' says Ilpo Korhonen, President of Valmet Automotive. 'Fisker Automotive leads the way by adapting the most innovative technologies to new, environmentally-friendly premium cars. The strategic partnership with Fisker Automotive will open a new window for Valmet Automotive. Our production process can be easily adapted to the production of electric and hybrid cars and new body designs. In line with our renewed strategy, engineering will have a strong role in the cooperation.'

'Our mission at Fisker Automotive is to develop beautiful, environmentally friendly cars that make environmental sense without compromise -- be it quality-wise or cost-wise,' Fisker continued. 'Valmet Automotive has the track-record, high quality technology and has the dedicated resources to take us there, and their high tech production line with eco-friendly automated paints agrees with our ideology.'

Initial domestic deliveries of Fisker Automotive's first car, the Karma, will commence in the 4th quarter of 2009 in North America with planned delivery to Europe in 2010. Fisker Automotive's annual production is projected to reach 15,000 cars, with more than half of sales expected to be overseas.

Fisker Automotive, Inc.

Fisker Automotive is a privately owned car company with Henrik Fisker as the CEO. Fisker Coachbuild, LLC will be the exclusive design house for Fisker Automotive through the entire range of product development. The company has backing from Kleiner Perkins Caufield & Byers and Palo Alto Investors

About Quantum Technologies (Nasdaq: QTWW):

Quantum is a publicly traded, world leader and OEM supplier of state-of-the-art clean propulsion technologies, fuel and energy storage technologies and services including propulsion systems for hydrogen fuel cell vehicles, hydrogen internal combustion engine vehicles, compressed natural gas vehicles, liquid petroleum vehicles, hybrid electric vehicles and plug-in hybrids based on advanced electronic control systems and Lithium Ion batteries developed by Quantum's strategic alliance partner. Quantum also provides engineering services including vehicle development and homologation.

Valmet Automotive, Inc.

Valmet Automotive is a provider of automotive engineering and manufacturing services of premium cars. In 40 years the company has produced over 1,000,000 high-quality vehicles in Finland. The cars have been delivered worldwide. Today Valmet Automotive manufactures Porsche Boxster and Porsche Cayman for Porsche AG. The company is a part of Metso Corporation.

     Inquiries: Sylvia Navarro
     Telephone: 949-757-4230
     Fax:  714-888-4256
     info@fiskerautomotive.com

SOURCE Fisker Automotive, Inc.

IRVINE, Calif., June 30 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW), a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles and applications including hydrogen fuel cell, hybrid, plug-in hybrid, and alternative fuel vehicles, today reported results for the fourth quarter and fiscal year ended April 30, 2008. Conference call information is provided below. << MORE >>

IRVINE, Calif., June 27 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW), today announced that the Quantum-powered Fisker Karma, a high-performance hybrid sports sedan built through a partnership with green automaker, Fisker Automotive, Inc., is featured in the July 2008 edition of the CAR Magazine, a U.K. publication focusing on trends and technology in the automotive industry. << MORE >>

IRVINE, Calif., June 20 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW), a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles, is set to join the Russell 3000 Index and the Russell Global Index when Russell Investments reconstitutes its indexes on June 27, 2008, according to a preliminary list of additions posted June 13, 2008 on http://www.russell.com. << MORE >>

IRVINE, Calif., June 10 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) today announced that it was awarded a contract by EDAG Engineering + Design AG (EDAG) to develop advanced hybrid vehicle powertrains for the Future Steel Vehicle program sponsored by WorldAutoSteel, the automotive group of the International Iron and Steel Institute (IISI). << MORE >>

IRVINE, Calif., May 27 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) today announced that its German solar partner, Asola Advanced and Automotive Solar Systems GmbH, has won a $17 million contract from Sunworx GmbH, for the supply of high-efficiency silicon photovoltaic solar modules. Sunworx, which is one of the leading solar system suppliers in Germany, will take delivery of these modules in 2008. << MORE >>

IRVINE, Calif., May 20 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) today announced that its German solar partner, Asola Advanced and Automotive Solar Systems GmbH, is expanding its annual solar module manufacturing capacity to 45 MW (megawatts peak power), in response to increasing demand for photovoltaic power systems in Europe. Asola has successfully secured financing for this expansion, and plans to commission the new, state of the art facility by fall 2008. << MORE >>

IRVINE, Calif., April 10 /PRNewswire/ -- Fisker Automotive, Inc., a green American premium car company, today announced Fisker Italia as its first International importer. With plans to allocate more than 50 percent of its production to overseas sales, Fisker Automotive is poised to become a leading exporter of premium U.S. automobiles. Additionally, Fisker Automotive, maker of the first of its kind plug-in hybrid premium sports sedan, further announced it has received great interest from 44 North American markets in which it hopes to have retail representation << MORE >>

IRVINE, Calif., April 9, 2008 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW), today announced that the Quantum-powered Fisker Karma, a high-performance hybrid sports sedan built through a partnership with Fisker Automotive, is featured in the April 2008 edition of the Robb Report Collection. << MORE >>

IRVINE, Calif., March 31 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) today announced that its proposal to the U.S. Department of Energy (DOE) has been selected for final negotiations for a contract to develop next-generation manufacturing technologies for hydrogen storage vessels. The total value of this project, which will be done in partnership with The Boeing Company (NYSE: BA), is $5.6 million over a period of 3 years. << MORE >>