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Irvine's Quantum inks $10 million deal with Fisker Automotive
Contract is for development of plug-in hybrid powertrains.
By Kristen SchottPublished: July 10, 2009 09:19 AM
Irvine-based Quantum Fuel Systems Technologies Worldwide has signed a $10.2 million agreement with Fisker Automotive, also in Irvine.
Quantum, a co-founder of the luxury green car manufacturer, will develop the Phase III stage for plug-in hybrid powertrains for Fisker.
The alternative energy company is working in conjunction with Fisker to launch its first premium hybrid, the $87,900 Karma sedan, next year.
Phase III will entail continued engineering development and completion of validation of the powertrain. It also calls for high altitude, durability, and hot and cold weather testing. The phase will lead to the start of production in 2010, according to Quantum.
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Quantum, a co-founder of the luxury green car manufacturer, will develop the Phase III stage for plug-in hybrid powertrains for Fisker. The alternative energy company is working in conjunction with Fisker to launch its first premium hybrid, the $87,900 Karma sedan, next year. Phase III will entail continued engineering development and completion of validation of the powertrain. It also calls for high altitude, durability, and hot and cold weather testing. The phase will lead to the start of production in 2010, according to Quantum. NEXT PAGE >> Related headlines 'OC METRO Minute,' July 6: Clean tech venture investments up 12 percent from first quarter Brea-based Suzuki fills your gas tank this summer Fountain Valley's Hyundai trades 'Cash for Clunkers' Orange County auto sales continue to slide |
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