Westport Fuel Systems has been leading the shift to lower-carbon and more economical fuels like natural gas, propane, and hydrogen for more than twenty years. Our customers around the globe demand new, economic, sustainable and efficient transport solutions.
We are still in the early days of a disruptive transition from both and energy and technology perspective. Ever increasingly urgent demands for healthy, breathable air are driving deployment in key markets. More stringent regulatory frameworks related to fuel economy, efficiency, environmental performance and urban livability considerations related to congestion and noise are advancing the adoption of a range of alternative fuel engines and vehicles.
To advance our vision of sustainability, we have been certified as having met the international standards of ISO 14001:2004 for Environmental Management Systems. This certificate demonstrates our commitment to develop, design, test and assemble engine and fuel system components that meet or exceed the expectations of our original equipment manufacturing partners and customers, and formalizes the effective environmental practice and process at our facilities.
Westport Fuel Systems will work to provide a candid discussion on our environmental achievements and challenges, sharing progress in our annual sustainability report. We've compiled data from several fiscal years to reflect trends, achievements and challenges. A global sustainability report covering key environmental metrics for all of our worldwide locations will be published in Q1 2019.
Delivers Positive Adjusted EBITDA
Westport Fuel Systems Inc. announced today that it will disclose its financial results for the second quarter ended June 30, 2018 on Thursday, August 9, 2018 after market close.
Westport Fuel Systems Inc. today announced that it has completed the sale of its compressed natural gas compressor business to Snam S.p.A., a leading European gas utility company, for total proceeds of 12.3 million Euro, net of a 500,000 Euro holdback to be released upon fulfillment of an independent audit process to be completed within 30 business days.
Westport Fuel Systems Inc. today announced the appointment of Mike Willis as Chief Financial Officer ("CFO") effective June 11, 2018. Ashoka Achuthan, Westport Fuel Systems current CFO, will step down from his position but continue to serve as an advisor to the leadership team through a transition period.
Revenue Guidance Adjusted to Reflect Sale