The Lake Forest campus, totaling approximately 100,000 square feet, includes the Company's existing propulsion system development operations, vehicle integration and prototype center, state-of-the-art emissions and dynamometer laboratory, and now includes all technology and product development, engineering and advanced research, and compressed tank manufacturing and assembly.

Alan Niedzwiecki, President and CEO of Quantum, said: "We are pleased to announce this move today as a critical step toward achieving our stated goals, and want to reinforce the positives of this move as strategic and tactical changes that both bolster and augment our current business operations, and allow us to respond cost-effectively to the growing demand from our customer base for quick-to-market solutions.

“The integration of these operational segments streamlines the operational movement of the company in a way that allows us to align and increase the efficiency of our supply chain environment, business process operations and management, and key corporate metrics alike, making our company lighter, and more nimble, and ultimately one step closer to profitability."

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 is a member of the Russell 3000 Index and the Russell Global Index.