News Tagged with "Westport ESI"

August 1, 2016

Westport Fuel Systems Completes Sale of Non-Core Assets for Over $12 Million

Post-merger consolidation quickly underway. Customer programs to proceed on schedule.

Westport Fuel Systems announces initial post-merger actions targeted at consolidating operations and driving efficiencies while maintaining ability to deliver OEM customer programs on schedule. Included in these efforts is the sale of non-core assets that unlock invested capital without disrupting delivery of OEM customer programs.

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December 9, 2015

Westport and Gas Technology Institute Awarded $900,000 to Advance Natural Gas Combustion Technology

Westport and the Gas Technology Institute have been awarded US$900,000 towards a program to advance state-of-the-art natural gas combustion technology. The work will feature Westport™ enhanced spark ignited (ESI) natural gas engine technology and demonstrate "High Frequency Corona Discharge Ignition" on an OEM partner's engine.

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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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News Releases

August 14

Westport Fuel Systems Reports Second Quarter 2017 Financial Results

Enhanced Liquidity and Continued Execution on Stated Goals

August 7

Westport Fuel Systems to Announce Second Quarter Results on Monday, August 14, 2017

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).

July 28

Westport Fuel Systems Announces Underwriters' Exercise of Over-Allotment Option

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.

July 19

Westport Fuel Systems Closes Offering of Common Shares

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.

July 14

Westport Fuel Systems Prices Offering of Common Shares

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.