2008

June 12, 2008
financial

Westport Innovations Announces Debt Financing Agreement For $15 Million

Financing Supports Growth Opportunities

Westport has signed a financing agreement with a Canadian based independent equity investment firm to help fund Westport’s corporate development activities and other growth opportunities currently being pursued by Westport. Under the terms of the agreement, the investment firm has agreed to purchase $15,000,000 of debenture units.

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June 5, 2008
Westport 15LWestport HPDIcustomersWestport

Westport Receives Largest Non-Port Order to Date For Heavy Duty Fuel Systems

HayDay Farms Orders 20 LNG Trucks With Westport HPDI

HayDay Farms of Blythe, California has ordered 20 heavy duty liquefied natural gas (LNG) trucks featuring Westport’s High Pressure Direct Injection (HPDI) technology.

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June 3, 2008
financial

Westport Reports Fourth Quarter & Fiscal 2008 Financial Results

Engine Shipments up 36% - Strong Growth Anticipated in Heavy Duty Business

Westport reported financial results for the fourth quarter and fiscal year ended March 31, 2008, and provided an update on operations.

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May 29, 2008
financial

Westport Announces Fiscal 2008 Fourth Quarter & Year End Conference Call for Tuesday, June 3, 2008

Westport will disclose its fourth quarter and fiscal year 2008 financial results on Tuesday, June 3, 2008 before market open.

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May 12, 2008
Cummins Westportpartnerships

Sterling Trucks Introduces Natural Gas-Powered Vehicle with Cummins Westport Engine

Sterling Trucks of Redford, Michigan has launched a new Sterling® Set-Back 113, its first natural gas vehicle, featuring the Cummins Westport ISL G engine.

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April 11, 2008
Cummins Westportcustomers

San Diego Metropolitan Transit System Orders 250 Cummins Westport ISL G Engines

San Diego Metropolitan Transit System has ordered 250 CWI ISL G engines to be installed in New Flyer, 40-foot, low-floor vehicles.

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March 17, 2008
customersWestport 15LWestport HPDIWestport

Westport Sells 50 LNG Port Trucks to Southern Counties Express

Initial Order From Leading Port Trucker to Improve Air Quality in Los Angeles Basin

Southern Counties Express, Inc. has placed an initial order for 50 Kenworth LNG T800 Class 8 trucks, representing a value of approximately US$4 million for Westport’s LNG heavy-duty engines and fuel systems.

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February 13, 2008
certificationfinancialWestport 15LWestport HPDIWestport

Westport awarded US$2.25 million to support development of next generation heavy-duty LNG fuel system

Westport has been awarded US$2.25 million in funding from the South Coast Air Quality Management District (SCAQMD), the California Energy Commission (CEC) and the Ports of Los Angeles and Long Beach to support the development, demonstration, commercialization and certification of Westport’s heavy-duty LNG fuel system.

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February 12, 2008
financial

Westport Reports Third Quarter Fiscal 2008 Financial Results

Quarterly Revenues Increase 34% in US Dollars

Westport reported financial results for the third quarter of Fiscal Year 2008 ended December 31, 2007 (Q3 FY2008), and provided an update on operations.

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February 8, 2008
Westport 15LWestport HPDIcertificationWestport

Westport receives Australian Certification of 2008 LNG Engine

Over 100,000 kms achieved in demonstration fleet

The Australian Department of Infrastructure, Transport, Regional Development and Local Government has certified Westport’s High Pressure Direct Injection (HPDI) liquefied natural gas (LNG) fuel system adapted to the 2008 Cummins ISX heavy-duty engine to the 2008 Australian Design Rules (ADR 80/02 and ADR 30/01).

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News Releases

September 23

Westport Fuel Systems Clarifies Statements Regarding the Chinese Certification of Weichai Westport’s WP12HPDI Natural Gas Engine

to clarify market news regarding its Weichai Westport Inc. joint venture and WWI's 12-liter engine equipped with the HPDI 2.0™ fuel system

September 18

Weichai Westport Secures Chinese Certification for WP12 Natural Gas Engine Powered by HPDI 2.0

Westport Fuel Systems Inc. today announced that its Weichai Westport Inc. joint venture has received certification from the Ministry of Ecology and Environment of China for its 12-liter engine equipped with the HPDI 2.0 fuel system

September 15

Westport Fuel Systems Combines Businesses to Better Serve Growing Indian Market

Transaction Provides Cost Efficiencies and Greater Product Choice for Customers

August 31

Westport Fuel Systems Awarded Key Electronics Supply Contract

Estimated revenue of US$58 million over seven-year period

August 11

Westport Fuel Systems Secures €7 Million Loan from Deutsche Bank

Further strengthens liquidity of Emer S.p.A in Brescia, Italy

Industry News

Published: July 17

Egypt launches ambitious strategy to shift from gasoline to natural-gas powered cars

Egypt has launched an ambitious plan to shift the primary fuel for vehicles in its jurisdiction from petrol and diesel to compressed natural gas.

Published: March 26

Coronavirus Economic Fallout May Boost NGVs as Alternative Transportation

Natural gas vehicles (NGV) may get a boost as power markets and renewable equipment production are seen as potential casualties.

Published: March 16

Europe Increasingly Turns to CNG, LNG

The statistics not only show continuously growing sales of CNG and especially liquefied natural gas fueled vehicles, but also the growth of corresponding fueling infrastructure.

Published: March 12

Finnish heavy-duty transport expert Simeon: ”Gas is energy of the future”

Simeon’s gas-powered Volvo is used to transport gas for partners. Stenberg is pleased with the new tractor unit.

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