OTCPicks Featured Company: Quantum Fuel Technologies Worldwide, Inc. (QTWW) Partner Expands on Solar Module Manufacturing Capacity
With an increase in demand for photovoltaic power systems in Europe, Quantum Fuel Systems Technologies Worldwide, Inc. (NASD: QTWW) announced that their German solar partner, Asola Advanced and Automotive Solar Systems GmbH, is enhancing their annual solar module manufacturing capacity to 45 MW (megawatts peak power). Financing for the expansion has been fully secured by Asola, and the launching of the new facility is expected to happen by fall of this year. Both parties have been in discussion regarding the expansion of their current partnership, in which Quantum holds a 25% stake in Asola. Earlier this year the two companies…