Quantum Signs Definitive Production Supply Agreement with Fisker for the Karma Plug-in Hybrid Program
Quantum Fuel Systems Technologies Worldwide, Inc. has signed a definitive Supply Agreement with Fisker Automotive to supply key components and control systems for the Q-Drive powertrain system that is being incorporated in the Fisker Karma.
Under the terms of the licensing and supply arrangement, Quantum will be the exclusive supplier of the Q-Drive hybrid control systems and the solar roof module. Quantum will also receive a royalty payment on each Karma sold that incorporates Quantum’s Q-Drive.
The supply agreement will also provide Quantum with the opportunity to supply components and systems for future Fisker Automotive vehicle programs, upon Quantum meeting the automaker’s performance, cost and delivery requirements.
The Q-Drive control and software system has evolved over several years of innovation and development at Quantum, the company says. Quantum’s Q-Drive system takes full advantage of the performance potential of electric drive systems while achieving high fuel mileage and low emissions through its integrated plug-in hybrid electric design.
Quantum is continuing its test and validation of its Q-Drive system, under a funded development program with Fisker Automotive, with production expected to begin later this calendar year.