News Tagged with "Incentives"

August 23, 2016

Westport Fuel Systems Provides Economical Environmental Solutions

Supports new standards for greenhouse gas emissions & fuel efficiency

Next generation natural gas engines and vehicles including Westport High Pressure Direct Injection 2.0 (“Westport™ HPDI 2.0”) and Enhanced Spark Ignition (“Westport™ ESI”) technologies comply with the new Phase 2 GHG emissions and fuel efficiency standards and offer significant GHG emission reduction benefits through the combination of low-carbon fuels and high-efficiency engines.

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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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May 15, 2012

Government of British Columbia Announces $62 Million Incentive Program to Promote Adoption of Natural Gas Vehicles in the Province

The B.C. Ministry of Energy and Mines announced the Greenhouse Gas Reduction regulation that advances the adoption and deployment of natural gas vehicles (NGVs) in BC. Program expects to incentivise Purchase of over 1,000 Heavy-Duty natural gas trucks and related infrastructure.

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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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