Quantum Fuel Systems Technologies said it has entered into a long-term agreement with Ryder System for the purchase and supply of complete compressed natural gas (CNG) fuel systems that will help reduce costs and increase vehicle uptime for businesses that lease CNG trucks from Ryder.
With the agreement, Ryder will purchase CNG tank systems directly from Quantum and install them onto CNG-powered vehicles with a team of Ryder technicians using state-of-the-art industry procedures related to these systems.
Natural gas tank storage systems are one of the most expensive components of a natural gas vehicle. By purchasing the systems direct, Ryder can pass savings onto its lease customers, ultimately delivering a faster return on investment for this natural gas vehicle technology. Ryder will be the first transportation company to use Quantum’s OEM-quality CNG systems on a national scale. In addition to the purchasing agreement, Quantum and Ryder will work together to improve future fuel system designs, based on Ryder’s market leadership and experience operating CNG vehicles in commercial truck applications.