Since we first brought you Quantum Fuel Systems Technologies Worldwide Inc. (NASDAQ: QTWW) on the 11th at a price of $1.28, the stock has nearly doubled and now trades at $2.47, $.09 off of its 52-Week high.

After a conversation with management at Ault Glazer & Co., Inc. (OTCPK:AULT), this afternoon, we are quite intrigued by the company’s business plan and interested to learn more.

In our opinion, a diversified investment portfolio is crucial to growth in today’s highly volatile economy and AULT is building just that. The company now owns an interest in a number of publicly and privately held entities with operations as varied as snowboards and health care safety products. With aspirations to follow in the footsteps of the likes of: Prospect Capital Corporation (NASDAQ: PSEC), Harris & Harris Group Inc.(NASDAQ: TINY), and Allied Capital Corporation (NYSE: ALD), AULT continues to grow its portfolio and target opportunities for future expansion.

Global Authentication Inc., a wholly-owned subsidiary of Ault Glazer & Company, Inc. (Pink Sheets: AULT – News), is a leading provider of memorabilia authentication services known throughout the industry for its experience, innovation and ability to value an item with precision accuracy since February 2002.

“Global Authentication featured on major cable and TV networks Real Sports and Channel 4“

Global Authentication Inc. through its experienced, passionate and creative team have been leading the industry in developing innovative techniques and practices catapulting the company’s reputation as one of the most respectable brands in the collectible industry.

CEO Bill Dully and top-level management have made a commitment to offer the best authenticated product on the market through its professional service and rapid response times to inquiries from clients that include eBay, CostCo, Cure for Cancer and major auction houses throughout the collectible market place.

The company offers a wide array of card grading and authentication services for a broad spectrum of collectibles. Global Authentication Inc. is also in the process of enhancing their Premium Membership package that allows members to take advantage of special services and access to exclusive web based information that includes the following for an annual fee of $99 and will be available this July 4th:

• 4 Free Submissions
• Access to Population Report
• Access to Counterfeit Library
• Access to Counterfeit Item Alert System
• Custom Pedigree Information on the back of the Certification Flip
• 1 Free GAI Graded Card, Pack or 8 x 10 (random 1 item per membership)

Patient Safety Technologies Inc. (PSTX.OB) is the proud parent company of SurgiCount Medical Inc., which has engineered an innovative system called Safety-SpongeTM. The Safety-Sponge System helps in reducing the number of retained sponges and towels in patients during surgical procedures and allows for faster and more accurate counting of surgical sponges in operating rooms around the US.

Quantum Technologies (QTWW) shares closed in the green again on Wednesday at $2.22 for gains for $.12 or 5.71%. The stock hit a daily high $2.56 before giving back $.34 on nearly 12 million shares traded.

Be warned however, that there has been a lawsuit filed against Fisker Automotive, QTTW’s partner in developing the Karma, one of, if not the first luxury hybrid plug-in car in the world.

While there is no certainty that these claims will make it to court, or stand up there if they make it, this just goes to show that there is always some level of risk in every stock and typically there is more risk than what first meets the eye.

Today’s move upward on massive volume of 12.8M shares, far more than the way above average 7.8M traded yesterday is another very bullish sign. That being said, I can’t argue against the stock closing up tomorrow again.

Ultimately, my hesitance to load the boat on Quantum Fuel Systems Technologies Worldwide Inc(NASDAQ: QTWW), last Monday cost me dearly.

The dip back into the $1.10 range from $1.28 that I had hoped for never happened. News out over the past week has simply been too positive. Instead, the stock ran up to $2.10 today – $.20 off of its 52-Week high – on the highest daily volume since June.

News out of the company today states that Quantum’s 25% owned German partner – Asola Advanced and Automotive Solar Systems GmbH – is tripling their annual solar module manufacturing capacity in response to growing European demand.

QTWW also stated plans to expand its ownership position in Asola and announced that the companies have jointly “entered into a long-term supply agreement with Ersol Solar Energy AG for the procurement of 155 MW of high-efficiency silicon photovoltaic solar cells, starting in 2008. ”

The relationship is already expected to yield $600 million in combined sales. With its 2007 revenues approaching $167 million, the Asola partnership is one of Quantam’s biggest assets.

Announcement of a long-term solar cell agreement with Ersol Solar Energy AG.

Diet Coffee Inc. (OTCBB: DCFF) recently announced the completion of an infomercial for its IONIC BULB product. You can view the advertisement by visiting the company’s new homepage or by clicking here.

Shares gained nearly 6% Tuesday on above average volume of 13,923,020.

Quantum Technologies (Nasdaq: QTWW – News) is up nearly 12% thus far today on abnormally high volume of 4,000,000 shares traded.

The company announced this morning that it is conducting initial tests and trials on many aspects of its Fisker Karma (photo to left). The Karma is a plug-in hybrid that can travel 50 miles a day when charged every night and can reach top speeds of 125, continuously, in Sport Mode. The vehicle is being developed through a joint venture between Quantum and Fisker Automotive Inc.

With more than 80% of daily commuters traveling less than 50 miles a day, the Karma represents an ongoing fundamental shift in the auto industry towards Green vehicles and a major potential change for a U.S. economy currently plagued by exorbitant fuel prices, sky high inflation, and a volatile credit market.

While the $80K price tag may be a bit hard to swallow for many consumers, the concept behind the vehicle is not. With a life expectancy of 10 years and the ability to conceivably be refueled just once annually, the Karma is already gaining traction in the auto market, even prior to models becoming available.

From The Release Today:

“Fisker Automotive is preparing to deliver its first Premium Edition vehicles by fourth quarter 2009. Currently, Fisker Automotive has received more than 500 orders for the Fisker Karma since its 2008 debut at the North American International Auto Show (NAIAS) in January. Fisker Automotive will reach a full production of 1,250 vehicles per month by the end of 2010. The starting estimated MSRP for the Fisker Karma will be approximately $80,000 or EURO 80,000″

Great Blog on the car from the Detroit Car Show

Federal Reserve Chairman Ben Bernanke stated today that he believes the recent liquidity crisis in the financial markets has eased, but things still remain “far from normal“.

Read the full speech:

Key excerpt from today’s briefing:

“To date, our liquidity measures appear to have contributed to some improvement in financing markets. The existence of the PDCF seems to have bolstered confidence among primary dealers’ counterparties (including the clearing banks, which provide the dealers with critical intra-day secured credit). In addition, conditions in the Treasury repo market, which became very strained around mid-March, have improved substantially. Liquidity is better in several other markets as well. For example, spreads on agency mortgage-backed securities have dropped in recent weeks after reaching very high levels in mid-March, as have spreads between conforming fixed-rate mortgage rates and Treasury rates. Spreads on jumbo mortgage loans have retraced a portion of their earlier large increases, but recent regulatory and legislative changes make it difficult to assess the impact of liquidity measures in that segment of the market. Corporate debt spreads have also declined somewhat from recent highs.”

One company in the hydrogen space that we are watching closely is Quantum Fuel Systems Technologies Worldwide Inc (NASDAQ: QTWW)

QTW is a fully integrated alternative energy company and a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles.

With a list of clients and partners that includes: NASA, Shell, GM, DailmerChrysler, Toyota, BOSCH, and Lockheed Martin, Quantam is already recognized globally for its innovation in the field of sustainable energy. According to the recent quarterly filing, the company is already booking revenues for sales of systems going directly into hydrogen-fueled Toyata Prius and being used in the GM Fuel Cell Hybrid Equinox program.

Financials are looking better as well. Here a few highlights for the company’s third quarter filing:

• Total revenue in the third quarter of fiscal 2008 was $7.1 million compared to $2.3 million in the third quarter of fiscal 2007, a net increase of 209%.
• For the nine month period ended January 31, 2008, Company’s consolidated revenues ($16.8M) were up 15% on from the corresponding period of 2007.
• consolidated operating loss decreased from $5.8 million in the third quarter of fiscal 2007 to $3.8 million in the third quarter of fiscal 2008.
• Product sales for the Quantum Fuel Systems segment increased $1.7 million, or 213%, from $0.8 million in the third quarter of fiscal 2007 to $2.5 million in the third quarter of fiscal 2008.
• Product sales during the third quarter of fiscal 2008 primarily consisted of hydrogen fuel storage systems for General Motors’ fuel cell hybrid vehicle program and sales of hydrogen-fueled Toyota Prius hybrid vehicles.
• Net loss decreased from $21.6 million, or $0.33 a share, in the third quarter of fiscal 2007 to $1.4 million, or $0.02 a share, in the third quarter of fiscal 2008.
• Net loss decreased from $124.3 million, or $2.05 a share, in the first nine months of fiscal 2007 to $80.3 million, or $1.06 a share, in the first nine months of fiscal 2008.

The stock has been in a consolidation pattern over the past few weeks after gaining nearly 200% since January. This has been one of the best penny stock success stories that we have seen since the beginning of the year and recommend watching the company closely over the next few weeks. I’m still not convinced that I’m ready to pull the trigger at $1.28, but the $1.09 -$1.15 range may become more appealing in the coming day’s given nothing too negative transpires.

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