published: November 15, 2016
Kitchener, ON – IMPCO Technologies, Inc., a global leader in the alternative fuel industry and a division of Westport Fuel Systems Inc., has released additional hydrogen components to the line of 350 bar (5000 psi) solenoid valves, safety devices, isolation valves and regulators.
The expanded hydrogen product line offers customers cost effective components and features that will meet their current and future requirements for high pressure to low pressure fuel controls and safety devices from the cylinder to the fuel cell.
GFI branded high pressure hydrogen components have been a proven original equipment manufacturer standard for over 15 years in the 350 bar fuel cell market, globally. IMPCO has supplied numerous customers in North America, Europe, and Asia with products specifically designed to meet their hydrogen component requirements in automotive, material handling, transit bus, and stationary power applications.
IMPCO’s hydrogen product line now includes:
|H-ITVR||H-TV-200||350 bar Solenoid Isolation Valve|
At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are inventors, engineers, manufacturers and suppliers of advanced clean-burning fuel systems and components that can change the way the world moves. Our technology delivers performance, fuel efficiency and environmental benefits to address the challenges of global climate change and urban air quality. Headquartered in Vancouver, Canada, we serve our customers in more than 70 countries with leading global transportation brands. At Westport Fuel Systems, we think ahead. For more information, visit www.wfsinc.com.
IMPCO Technologies Inc., a division of Westport Fuel Systems Inc., develops, manufactures and markets products that enable internal combustion engines to operate on less expensive, cleaner burning fuel which promotes both energy independence and a cleaner environment. IMPCO Technologies provides turn-key solutions for mobile equipment and stationary engines, including industrial forklifts, sweepers, auxiliary power units/generators and construction equipment. IMPCO is also a world leader in Truck and Rail Idle reduction, a technology that allows Class 8 trucks and diesel locomotives to achieve significant fuel savings while improving comfort for the truck operators and providing heating and electrical services that keep the primary engine ready for use.
Based in the Canada and the USA, IMPCO is a well-established global proprietary brand owned by Westport Fuel Systems Inc. and is one of the most recognized names in the combustion engine alternative fuel systems and component markets. Additionally, ComfortPro is a well-recognized North American Diesel Auxiliary Power Unit ("APUs") brand, known within the trucking industry for its superior performance and quality.
IMPCO offers a comprehensive range of alternative fuel components, and complete alternative fuel systems for both certified and non-certified engines. In addition, IMPCO's APUs and best in class services provides original equipment manufacturers, country distributors and aftermarket installers a rich portfolio of solutions from concept to vehicle integration and assembly. For more information, visit impcotechnologies.com.
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.
Westport Fuel Systems will offer 16,700,000 common shares at a price of US$1.50 per share, for gross proceeds of US$25,050,000.