IMPCO Tech To Spin Off Fuel Cell Subsidiary

Autoparts Report, March 20, 2002

IMPCO Technologies' wholly- owned subsidiary, Quantum Fuel Systems Technologies Worldwide, Inc., filed with the Securities and Exchange Commission to be spun off from its parent company. IMPCO expects to complete the separation during the second calendar quarter of 2002.

IMPCO products enable these engines to function using environmentally friendly gaseous fuels such as propane, natural gas and biogas. IMPCO products improve efficiency and performance while reducing emissions. IMPCO is a major supplier to original equipment manufacturers and the aftermarket in the bus and truck, and to the automotive aftermarket.

IMPCO supports its global aftermarket through a network of more than 400 Distributors and 13 company-owned regional offices. Quantum designs, develops, integrates and manufacturers products for gaseous fuel storage, fuel metering and electronic controls for fuel cells. Quantum products enable the fuel cell to operate efficiently while meeting the performance requirements in its target markets.