Quickened Summon Monster - free action?

[StealthyMark]

According to the PHB, page 84, a Summon Monster (casting time is one full round) spell may be quickened*, and it becomes a free action to cast.

Is this correct?

What components does a quickened spell have/not have? Somatic? Verbal? Material?

*) "... A spell whose casting time is more than 1 full round cannot be quickened..."

 

[hong]

Exactly the same components as always. Quicken Spell just takes away the time part of casting the spell.