QTWW Stock Up, Set To Deliver First Green American Premium Sports Car By '09

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