Westport Fuel Systems Announces the Closing of the Sale of the IMPCO APU Assets

published: May 1, 2017

VANCOUVER, BC – Westport Fuel Systems Inc. (“Westport Fuel Systems”) (TSX:WPRT / Nasdaq:WPRT) today announced the closing of its previously announced sale of the assets of its IMPCO Auxiliary Power Unit (“APU”) business. Net proceeds to the company at closing were approximately $60 million US dollars, after adjusting for estimated net working capital, transaction costs, hold back amounts and other deal related expenses. Westport Fuel Systems has entered into an agreement to supply APU systems and parts to the purchaser for approximately 5 months.

About Westport Fuel Systems

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.

More Information

Westport Fuel Systems
(Investor Inquiries)

Todd Skene

Manager, Investor Relations

T 604-718-2046

invest@wfsinc.com

www.wfsinc.com


Tags

IMPCO

News Releases

May 11

Westport Fuel Systems Reports First Quarter 2017 Financial Results, 2017 Off to a Strong Start

Westport Fuel Systems Inc. reported financial results for the first quarter ended March 31, 2017, and provided an update on operations.

May 4

Westport Fuel Systems to Announce First Quarter Results On Thursday, May 11, 2017

Westport Fuel Systems Inc. announced today that it will disclose its financial results for the first quarter ended March 31, 2017 on Thursday, May 11, 2017 after market close.

May 1

Cummins Westport “Moves to Zero” with New Natural Gas Engines

Cummins Westport Inc. announced today at the Alternative Clean Transportation (ACT) Expo in Long Beach, California its model year 2018 dedicated natural gas engines for regional haul truck/tractor, vocational and transit, school bus, and refuse applications.

May 1

Westport Fuel Systems Announces the Closing of the Sale of the IMPCO APU Assets

Westport Fuel Systems Inc. today announced the closing of its previously announced sale of the assets of its IMPCO Auxiliary Power Unit business.

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