Quantum to Help GM Build Fuel-Cell Autos

Quantum Technologies said it has received contracts from General Motors Corp. to design and develop fuel-storage systems for the auto maker’s planned low-pollution vehicles powered by fuel cells.

Financial terms weren’t disclosed. Under the contracts, Irvine-based Quantum will help GM build fuel-cell cars and trucks, said Eileen Oswald, spokeswoman for Quantum’s parent company, Impco Technologies Inc. in Cerritos.

Auto makers are spending billions to develop fuel cells as a cleaner alternative to gasoline-powered internal-combustion engines as governments tighten air-pollution standards.

Impco shares rose 30 cents to close at $27.69 on Nasdaq. GM fell $1.75 to $63.25 on the NYSE.