2014

December 12, 2014

Cummins Westport Announces Changes to its Board of Directors and Management Team

Cummins Westport announced changes to its Board of Directors and Management in accordance with the terms of the 50/50 Joint Venture Agreement between Cummins and Westport Innovations. The changes are effective immediately.

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December 2, 2014

Westport Acquires Prins Autogassystemen

Capturing a Complete Portfolio of Alternative Fuel Systems, Expected Accretive Sales and Operations Synergies in 2015 and Beyond

Westport has acquired Netherlands based Prins Autogassystemen Holding B.V. (Prins) for Euro 12.2 million (approximately U.S.$15.1 million) through a combination of Euro 6.6 million (approximately U.S.$8.2 million) in assumed liabilities and Euro 5.6 million (approximately U.S.$6.9 million) in cash.

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October 30, 2014

Westport Reports Third Quarter Fiscal 2014 Financial Results

Reiterates Revenue Guidance for 2014, Net Income Improved 16%, Takes Immediate Action Reducing Staff and Prioritizing Investments, and Executives Accept Reduced Salaries

Westport reports financial results for the third quarter ended September 30, 2014 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

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October 23, 2014

Westport Announces Third Quarter Fiscal 2014 Conference Call for Thursday, October 30, 2014

Westport announced today that it will disclose its financial results for the third quarter ended September 30, 2014 on Thursday, October 30, 2014 after market close. To coincide with the disclosure, Westport has also scheduled a conference call for Thursday, October 30, 2014 at 2:00 pm Pacific Time (5:00 pm Eastern Time).

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October 6, 2014

Cummins Westport Appoints Rob Neitzke as President Effective January 2015

Cummins Westport Inc. (CWI) today announced that Rob Neitzke, currently General Manager of the Construction Segment of Cummins off-highway engine business, has been appointed as President of CWI effective January 1, 2015.

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September 30, 2014

Westport Announces Technology, Investment, Market and Revenue Update

Matching Investment and Revenue Outlook with Pace of Market Adoption, while Second Generation HPDI Technology Draws Support

Westport gives an update to its Westport high pressure direct injection (Westport™ HPDI) second generation or "HPDI 2.0" development program and identified plans to further refine investment programs to align with its original equipment manufacturer (OEM) customers and the global pace of natural gas vehicle adoption and related infrastructure build out. In line with the pace of market adoption, Westport has updated its near term revenue outlook for the year ended December 31, 2014.

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September 23, 2014

Westport Unveils Its Proprietary Enhanced Spark-Ignited Natural Gas System Targeting Medium-Duty Truck Applications

Up to 10% Improvement in Power and Torque over Diesel, Targeted at Medium-Duty Truck Applications

Westport is unveiling its newest proprietary technology, the first generation of enhanced spark-ignited (ESI) natural gas system. Westport’s new revolutionary approach to natural gas combustion technology is designed to provide vehicle and engine original manufacturers (OEMs) with a “downsized” natural gas solution that is cost competitive while providing similar levels of power, torque, and fuel economy to a larger diesel engine. Using 100% dedicated natural gas as fuel, Westport’s new technology optimizes the combustion and thermal efficiencies of the engine by taking advantages of the positive properties of natural gas.

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August 14, 2014

Westport Announces Changes to Board of Directors

Jill Bodkin has been elected Chairman of the Board of Directors. Former Chairman, John Beaulieu, will remain on the board as a director and has been awarded the title "Chairman Emeritus". Joseph Caron, formerly of Westport's Advisory Board, has been appointed to the Board of Directors.

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July 31, 2014

Westport Reports Second Quarter Fiscal 2014 Financial Results

Achieved Positive Adjusted EBITDA of $1.0 Million from Westport Operating Business Units and Reaffirms Fiscal 2014 Revenue Guidance

Achieved Positive Adjusted EBITDA of $1.0 Million from Westport Operating Business Units and Reaffirms Fiscal 2014 Revenue Guidance

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July 24, 2014

Westport Announces Second Quarter Fiscal 2014 Conference Call for Thursday, July 31, 2014

Westport will disclose its financial results for the second quarter ended June 30, 2014 on Thursday, July 31, 2014 after market close. To coincide with the disclosure, Westport has also scheduled a conference call for Thursday, July 31, 2014 at 2:00 pm Pacific Time (5:00 pm Eastern Time).

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News Releases

January 11

Westport Fuel Systems Commends New Pump-to-Wheels Methane Emissions Study

Next Generation Technologies Significantly Reduce Methane Emissions

December 8

ISB6.7 G MidRange Natural Gas Engine Now in Full Production

Low Emission Engine Expands to Shuttle Bus, Medium-Duty Truck, and Vocational Segments

November 28

Westport Expands MY2017 Ford Product Line

Environmental Protection Agency Certifies Westport’s Emission-Reducing WiNG™ Power System on Multiple Ford Platforms

November 15

IMPCO Technologies Expands Hydrogen Components Availability

IMPCO Technologies, Inc., has released additional hydrogen components to the line of 350 bar (5000 psi) solenoid valves, safety devices, isolation valves and regulators

Contact Info

Westport Fuel Systems
1750 West 75th Avenue, Suite 101
Vancouver, British Columbia
Canada, V6P 6G2
T +1-604-718-2000