April 4, 2006
Quantum Fuel Systems acquires stake in Vancouver battery company
Vancouver, British Columbia – Quantum Fuel Systems Technologies Worldwide has acquired a 19.9 per cent stake in Vancouver’s Advanced Lithium Power Inc. (ALP), a newly-formed company developing lithium-ion and advanced battery control systems.
Working with ALP, Quantum will develop integrated advanced lithium-ion battery packs for near-term applications, including hybrid electric vehicles and emerging fuel cell vehicles. Quantum will be able to integrate ALP’s technology with its hydrogen storage systems to provide complete energy storage solutions for fuel cell vehicles; the company’s customer base includes General Motors, Toyota, Hyundai, Suzuki, Ford, DaimlerChrysler and the U.S. Army.