Phoenix, AZ (PRWEB) September 18, 2009 -
Quantum issued a total of 20.1 million shares with JP Turner acting as the placement agent for the matter. As an alternative fuel systems maker, Quantum Technologies Inc. provides production and development of: advanced propulsion systems, energy storage technologies, and alternative fuel vehicles. As a fan of the rapidly growing alternative energy automotive market, JP Turner acted as the exclusive placement agent for this offering.
Alternative energy in the automotive sector has been a growing topic on many American's minds. The recent capital raised by Quantum with the help of JP Turner is just one more example of a mid-sized independent brokerage and investment banking firm that has tremendous investment banking resources helping to assist in the growth of alternative fuel development.
Many big businesses are looking to associate with groups for alternative fuel. This eco-friendly trend is one that facilitators like JP Turner are helping to propagate. The advancements with vehicle fuel consumption in the automotive sector, all the way to the technology sector, are helping to reduce our carbon footprints.
Government agencies are also getting in on the eco-friendly trends. Grants from the Department of Energy have recently been given to the Alternative Fuel Trade Alliance, intended to increase the public's awareness and understanding of alternative fuels. The alternative fuels in question include ethanol, propane, natural gas, and biodiesel. Encouraging economic growth and sustainability are the key benefits that this grant will help to facilitate, to the tune of $1.6 million according to Biodiesel Magazine.