published: September 13, 2016
Kitchener, ON - IMPCO Technologies, Inc., a global leader in the alternative fuel industry and a division of Westport Fuel Systems Inc., has confirmed the release of a new GFI branded 350 bar (5000 psi) Hydrogen Integrated Tank Valve Regulator (“H-ITVR”), available globally.
The H-ITVR simplifies fuel cell systems and reduces cost using an integrated two stage regulator architecture to provide regulated stable low pressure directly from the hydrogen fuel cylinder. The proven GFI in-tank design protects the high pressure solenoid in case of impact and environmental conditions such as thermal shock, water instruction and corrosion. Additionally, a low pressure durable injector controls the flow of hydrogen to the fuel cell module.
The H-ITVR has been selected by a leading original equipment manufacturer of fuel cell systems for its innovative design, performance and durability; and it has been incorporated into their new generation of products starting in 2016.
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.