Quantum announces date of reverse stock split Quantum Fuel Systems Technologies Worldwide has approved the implementation of the previously announced 1-for-20 reverse stock split of its common stock, following approval by stockholders on October 11. The reverse stock split will be legally effective on February 8. The 1-for-20 reverse stock split will convert 20 shares of the company's common stock, par value 0.1c, into 1 share of common stock, par value 2c. The reverse stock split affects all issued and outstanding shares of the company's common stock immediately prior to the effectiveness of the reverse stock split. The split-adjusted shares will begin trading on Nasdaq on February 9. The shares will continue to trade under the symbol 'QTWW,' with a 'D' added for 20 trading days to signify the reverse stock split has occurred. A new CUSIP number has been assigned to the company's common stock as a result of the reverse stock split.
Quantum receives gas storage system order for food distributor Quantum received an initial order for one of the nation's largest private food distributors for Quantum's light-weight Q-CabLITE and Q-RailLITE compressed natural gas storage systems.