News Tagged with "Financial"

August 29, 2017

Westport Fuel Systems to Repay Existing Debentures at Maturity

Early Termination of Debenture Tender Offer and Cancellation of Meeting of Debentureholders

Westport Fuel Systems Inc. announced today that it has terminated the previously announced tender offer for Westport Fuel Systems 9% unsecured subordinated non-convertible debentures effective immediately. Prior to cancellation of the tender offer, an aggregate of Cdn.$4,838,000 principal amount of Debentures were tendered to the offer and will be acquired by Westport Fuel Systems. Westport Fuel Systems expects to repay the remainder of the Debentures on their original maturity date of September 15, 2017.

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August 14, 2017

Westport Fuel Systems Reports Second Quarter 2017 Financial Results

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).

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August 7, 2017

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).

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July 28, 2017

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.

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July 19, 2017

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.

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June 5, 2017

GHG Reduction Benefits of Natural Gas for Transportation Confirmed by New NGVA Europe Study

Westport Fuel Systems Next-Generation Natural Gas Engine and Vehicle Technologies Validated as a Key Solution for De-carbonizing the Transport Sector

Westport Fuel Systems Inc. today announced the publication of a new study by Natural Gas Vehicles Association Europe that quantified the greenhouse gas emission reduction benefits of natural gas for light duty and heavy duty transportation. Alongside data from the major European vehicle and engine makers, Westport Fuel Systems made GHG emissions data specific to the Volvo V60 Bi-Fuel passenger car that uses its advanced natural gas technology from Westport, and Westport High Pressure Direct Injection 2.0 for heavy duty trucks available for the study, enabling state of the art vehicle technologies to be included in the assessment.

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June 1, 2017

Westport Fuel Systems Closes the Second Divestiture Action of the Industrial Group for $17.5 Million USD

Westport Fuel Systems Inc. today announced the closing of the sale of assets related to its Impco Industrial Mobile and Stationary Equipment business for a total of $17.5 million US dollars.

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May 11, 2017

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.

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May 4, 2017

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.

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April 17, 2017

Westport Fuel Systems Announces the Signing of a Definitive Agreement to Sell its APU Assets for USD$70 million

Sale in-line with previously announced portfolio review

Westport Fuel Systems Inc. today announced that it has entered into a definitive agreement to sell the assets of its Auxiliary Power Unit business for $70 million United States dollars, subject to certain customary adjustments.

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News Releases

August 29

Westport Fuel Systems to Repay Existing Debentures at Maturity

Early Termination of Debenture Tender Offer and Cancellation of Meeting of Debentureholders

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.

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