The Indian subcontinent is the fastest growing market for compressed natural gas (CNG) and liquid petroleum gas (LPG) systems, and is projected to double its global market share by 2012, Quantum said. This rapid growth is due to strong support from local governments and by fuel suppliers providing supporting infrastructure.
The agreement is focused on bringing Quantum’s advanced alternative fuel technologies into this rapidly growing market. The agreement covers Quantum’s patented high-durability gaseous fuel injectors, Type II, Type III and light-weight Type IV fuel storage tanks, fuel metering systems, and other technologies.
This agreement is a key part of our strategy to accelerate our growth in the international market for alternative fuel technologies by tapping into India’s rapidly expanding market, said Alan Niedzwiecki, president and CEO of Quantum. Together with the low-cost Type II and Type III CNG tanks from our recently announced agreement in China, Quantum can now offer a complete line of cost-effective alternative fuel vehicle products for the international market.
