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TANK MAKER QUANTUM REPORTS FIRST QUARTER FISCAL 2003 RESULTS.

Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) of Irvine, California reported results for its fiscal first quarter, ended July 31, 2002.

For the first quarter of fiscal 2003, Quantum reported a net loss of $5.1 million or $.29 cents per share on revenues of $4.6 million. This compared to a net loss of $11.2 million or $.64 cents per share for the first quarter of fiscal year 2002 on revenues of $6.9 million. The fiscal year 2003 first quarter included charges for the spin-off of Quantum totaling approximately $0.6 million.

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