Quantum Announces NASDAQ's Acceptance of Its Plan to Regain Compliance and Announces Regaining Compliance with the Minimum Bid Price Listing Rule

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Thu Oct 8, 2009 9:30am EDT

Quantum Announces NASDAQ's Acceptance of Its Plan to Regain Compliance and
Announces Regaining Compliance with the Minimum Bid Price Listing Rule





IRVINE, Calif., Oct. 8 /PRNewswire-FirstCall/ -- Quantum Fuel Systems
Technologies Worldwide, Inc. (Nasdaq: QTWW) announced today that The Nasdaq
Stock Market ("Nasdaq") has accepted the Company's plan to regain compliance
with Nasdaq Listing Rule 5250(c)(1), and that it has regained compliance with
the minimum bid price Listing Rule 5450(a)(1), both of which were previously
disclosed in a Press Release dated September 18, 2009.


In a letter to the Company dated October 2, 2009, Nasdaq Staff indicated that
based upon its review of materials submitted to Nasdaq by the Company on
September 25, 2009, an exception has been granted to enable the Company to
regain compliance with the exchange's listing standards set forth in Listing
Rule 5250(c)(1) (the "Rule").  In order to regain compliance with the Rule,
the Company must file both its Form 10-K for the period ended April 30, 2009
and its 10-Q for the period ended July 31, 2009 (the "Delinquent Reports") on
or before January 25, 2010.  The Company plans to file the Delinquent Reports
as soon as practicable, but no later than January 25, 2010.


On October 6, 2009, the Company received a separate letter from Nasdaq
notifying the Company that it has regained compliance with Nasdaq's $1.00
minimum bid rule and that this matter is now closed.


About Quantum:
Quantum Fuel Systems Technologies Worldwide, Inc., a fully integrated
alternative energy company, is a leader in the development and production of
advanced propulsion systems, energy storage technologies, and alternative fuel
vehicles. Quantum's portfolio of technologies includes advanced lithium-ion
battery systems, electronic controls, hybrid electric drive systems, hydrogen
storage and metering systems, and alternative fuel technologies that enable
fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and
alternative fuel vehicles. Quantum's powertrain engineering, system
integration, vehicle manufacturing, and assembly capabilities provide
fast-to-market solutions to support the production of hybrid and plug-in
hybrid, hydrogen-powered hybrid, fuel cell, alternative fuel, and specialty
vehicles, as well as modular, transportable hydrogen refueling stations.
Quantum's customer base includes automotive OEMs, dealer networks, fleets,
aerospace industry, military and other government entities, and other
strategic alliance partners.


More information can be found about Quantum's products and services at
www.qtww.com.


Forward Looking Statements:
This press release contains forward looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. All statements included
in this report and the documents that we incorporate by reference, other than
those that are historical, are forward-looking statements and can generally be
identified by words such as "may," "could," "will," "should," "assume,"
"expect," "anticipate," "plan," "intend," "believe," "predict," "estimate,"
"forecast," "outlook," "potential," or "continue," or the negative of these
terms, and other comparable terminology. Various risks and other factors could
cause actual results, and actual events that occur, to differ materially from
those contemplated by the forward looking statements. Factors and risks that
may cause actual results to differ include, but are not limited to, risks that
the Registrant fails to submit its Delinquent Reports by January 25, 2010. The
Company undertakes no obligation to update the information in this press
release to reflect events or circumstances after the date hereof or to reflect
the occurrence of anticipated or unanticipated events.


    For more information regarding Quantum, please contact:

    Dale Rasmussen
    Investor Relations
    Email:  DRasmussen@qtww.com
    +1-206-315-8242

    2009 Quantum Fuel Systems Technologies Worldwide, Inc.
    Advanced Technology Center
    17872 Cartwright Road, Irvine, CA 92614
    Phone 949-399-4500  Fax 949-399-4600









SOURCE  Quantum Fuel Systems Technologies Worldwide, Inc.

Dale Rasmussen, Investor Relations of Quantum Fuel Systems Technologies
Worldwide, Inc., +1-206-315-8242, DRasmussen@qtww.com
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