Westport’s IMPACT is an employee team established to lead community enrichment activities. IMPACT brings together the various volunteer activities, events and initiatives that Westport employees were already involved with into one coordinated effort. We are pleased to support internal fundraising efforts and offer each employee 16 hours of paid leave each year to volunteer with a charitable organization of his/her own choosing.
IMPACT’s three pillars of Environment, Education and Community align our employee volunteer efforts with business priorities and stakeholder expectations. How can Westport contribute ideas, volunteer time and money to the alleviation of poverty, a more sustainable environment and a dialogue on the importance of science and technology?
Science World is dedicated to inspiring science and technology leadership in British Columbia. Westport is a contributor to Science World’s “Bridging the Science Gap” campaign through its sponsorship of the transportation exhibit in the newly-opened Ken Spencer Science Park. This park is an interactive outdoor science park designed to educate children about the future of new, clean, low-carbon technologies. The Westport-sponsored exhibit conveys a “Clean Transportation Story” with interactive elements to demonstrate how everyday choices can impact our carbon footprint.
Westport has supported the United Way of the Lower Mainland with a spirited and employee-driven workplace campaign since 2002. Since that time, Westport employees have donated close to $800,000 to the United Way and our campaigns have been recognized as leading workplace efforts.
Westport is one of the first corporate partners to join the United Way of the Lower Mainland in offering after-school classroom activities via the Community Schools Program. Westport employees get the opportunity to volunteer as program leaders and participate in after-school activities with children aged 6-12.
Research has found that school-age children are experiencing increased isolation and disconnection. Many problems that appear in middle childhood such as social isolation and declining self-esteem, if left unchecked, become more challenging as at-risk children move into adolescence. After-school programs help children to improve social skills and competence, make positive lifestyle choices, experience greater academic success and build enthusiasm for school and learning. Since the launch of the program in 2012, Westport employees have led five programs focused on craft, music and sports.
Westport has been a member of the Canadian Blood Services’ Partners for Life Program since 2001. This nationwide program is designed to encourage group donations from business and community organizations. Each year, we set a target, coordinate group donations and allow employees to take time from work to donate.
The Canadian Blood Services’ Bloodmobile visited our offices for the first time in 2012 and we were able to collect more than 40 donations that day. In 2012, we made 111 donations or enough blood to impact over 300 lives.
Early Termination of Debenture Tender Offer and Cancellation of Meeting of Debentureholders
Enhanced Liquidity and Continued Execution on Stated Goals
To coincide with the disclosure, Westport Fuel Systems has also scheduled a conference call on Monday, August 14, 2017 at 2:00 pm Pacific Time (5:00 pm Eastern Time).
Westport Fuel Systems Inc. announced today the exercise of the underwriters' option from its previously announced offering to purchase an additional 2,425,000 common shares at the Offering price of US$1.50 per share. With the exercise of the option, Westport issued a total of 19,125,000 common shares under the offering for gross proceeds of US$28,687,500.
Westport Fuel Systems Inc. announced today the closing of its previously announced offering of 16,700,000 common shares at a price of US$1.50 per share, for gross proceeds of US$25,050,000.