published: December 22, 2009
VANCOUVER, BC – Cummins Westport Inc. (CWI), a leading provider of high-performance, alternative fuel engines for the global market, announced today that Kenworth Truck Company is expanding its industry-leading product line with the introduction of the Cummins Westport ISL G natural gas engine for the Kenworth T800 short hood and W900S models. Now available for order, Kenworth’s natural gas models are focused on vocational, municipal, and pickup and delivery applications.
“The ISL G Kenworth T800 short hood and W900S models provide an excellent, low-emission solution combined with outstanding efficiency, horsepower and torque,” said Gary Moore, Kenworth assistant general manager for marketing and sales. “Kenworth’s green product offering, which also includes T800 liquefied natural gas vehicles with the Westport GX engine, medium duty diesel-electric hybrids and aerodynamic trucks, continues to lead the trucking industry in North America.” In 2009, Kenworth became the first truck manufacturer to receive the Environmental Protection Agency’s Clean Air Excellence award in recognition of its environmentally friendly products.
Roe East, President of Cummins Westport, added, “Kenworth adding CWI engines to several models reaffirms our position in market leadership for natural gas engines. Kenworth now offers customers clean, economic natural gas power for a variety of truck applications.”
The Cummins Westport ISL G, an 8.9 litre stoichiometric cooled-exhaust gas recirculation (EGR) engine, meets 2010 EPA emissions, reduces greenhouse gas emissions, and offers top-level performance and efficiency. The ISL G engine operates on either compressed natural gas (CNG) or liquefied natural gas (LNG), both of which are cost effective, low carbon, and low emissions fuels. With ratings up to 320 hp and 1,000 lb-ft of torque, the ISL G is 2010 compliant with a maintenance free three way catalyst (TWC) and does not require the use of selective catalytic reduction (SCR) or a diesel particulate filter (DPF). CNG and LNG fuel tanks can be configured to suit customer applications and range requirements. More information about the ISL G can be found at: www.cumminswestport.com/products/islg.php
For more information on Kenworth CNG or LNG trucks, contact your Kenworth dealer.
Cummins Westport Inc. designs, engineers and markets 6–12 liter spark-ignited natural gas engines for North American commercial transportation applications such as trucks and buses. Cummins Westport is a joint venture of Cummins Inc. (NYSE:CMI), a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems, and Westport Fuel Systems Inc. (NASDAQ/TSX: WPRT), a global leader in alternative fuel, low-emissions technologies that allow engines to operate on clean-burning fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), hydrogen, and biofuels such as landfill gas. For more information, visit www.cumminswestport.com.
This document contains forward-looking statements, including statements regarding the demand for our products, the future success of our business and technology strategies, investment, cash and capital requirements, intentions of partners and potential customers, the performance and competitiveness of our products and expansion of product coverage, future market opportunities, speed of adoption of natural gas for transportation, growth in demand as a result of new emission standards and terms of future agreements. These statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties and are based on assumptions that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activities, performance or achievements expressed in or implied by these forward looking statements. These risks and assumptions include risks and assumptions related to our revenue growth, operating results, industry and products, the general economy, conditions of and access to the capital and debt markets, governmental policies and regulation, technology innovations, fluctuations in foreign exchange rates, global government stimulus packages, the acceptance of natural gas vehicles in fleet markets, the relaxation or waiver of fuel emission standards, the inability of fleets to access capital or government funding to purchase natural gas vehicles, the sufficiency of bio methane for use in our vehicles, the development of competing technologies as well as other risk factors and assumptions that may affect our actual results, performance or achievements or financial position discussed in our most recent Annual Information Form and other filings with securities regulators. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they were made. We disclaim any obligation to publicly update or revise such statements to reflect any change in our expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward looking statements except as required by National Instrument 51-102.
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.