Thursday, May 10, 2012
Quantum Technologies Gets $10M Credit Line
Irvine-based Quantum Fuel Systems Technologies, the developer of electric vehicle propulsion systems and related alternative energy products, reported today that it has received a working capital line of credit worth up to $10.0M. The firm said the line of credit came from Bridge Bank, and was at prime rate plus 2 percent. Quantum said it was advised by Advanced Equities in the transaction. Quantum is publicly traded as QTWW.