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• updated 06/14/2012 1:30PM Quantum Fuel Systems receives $2.8 million in orders Irvine-based Quantum Fuel Systems Technologies Worldwide Inc. has received two orders valued at $2.8 million total to supply lightweight carbon composite compressed natural gas vehicle storage tanks.
  
  Quantum is a leading provider of natural gas, hydrogen and hybrid electric vehicle technologies. The company provides technologies in industries including aerospace and governmental agencies.
  
  "These new orders are another strong endorsement of Quantum's technology and products for natural gas vehicles, and reflect a significant opportunity in an attractive market segment," said Brian Olson, Quantum’s CEO. "Natural gas vehicles with Quantum's light-weight storage systems help to lower ownership and operational costs, while truly benefiting from the historically low prices of this domestically produced, clean fuel."
  
  Natural gas vehicles can be fueled for cheaper than regular-fuel vehicles and emit less smog-forming particulates.
  
  
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