published: June 27, 2017
VANCOUVER, BC – Cummins Westport Inc. (“CWI”) has introduced The Natural Gas Playbook website designed to provide new and existing natural gas customers with guidance on evaluating and operating Cummins Westport powered natural gas vehicles.
Located at www.cwiplaybook.com, the five step Natural Gas Playbook features information and tips on how to Assess, Specify, Prepare, Implement, and Operate/Maintain a Cummins Westport powered natural gas fleet. It provides information to users who have questions about operating natural gas vehicles. Questions like - What is natural gas and how does it reduce fleet emissions? Can I calculate the emission reductions with natural gas? What are zero carbon renewable fuels? How do natural gas engines operate, and what about my application and the operational costs and maintenance requirements?
In addition to tips and tools about CWI products, the Playbook also provides the opportunity to connect with Cummins and Cummins Westport experts to answer questions and support the successful adoption of natural gas into truck, refuse, school bus, and transit applications.
To further assist customers, the Playbook offers two new calculators – a Greenhouse Gas Emissions (“GHG”) Calculator and a Payback Calculator. The easy-to-use GHG calculator is based on three published North American Well-to-Wheel (“WTW”) GHG Models: GREET, GREET California, and GHGenius. It provides the carbon dioxide equivalent (CO2eq) WTW emission reductions possible with the use of natural gas or renewable natural gas in a variety of applications.
The Payback Calculator is a tool to calculate fuel savings, average fleet speed, service intervals, and fuel system capacity requirements. Learn more at www.cwiplaybook.com
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.
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.