The Westport Fuel Systems Supplier Manual has been developed as a guide for suppliers to become familiar with the method applied to supplier sourcing at Westport Fuel Systems. This includes the initial supplier evaluation process up to the qualification of suppliers to become a key supplier to Westport Fuel Systems.
This manual also defines the level of quality and service Westport Fuel Systems requires from its suppliers. This is intended to be the primary document for the purpose of communication of our Purchasing & Supply Chain and quality philosophies to our suppliers.
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.
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.