VANCOUVER, BC– Cummins Westport Inc. (CWI), a leading provider of high-performance, alternative fuel engines for the global market, announced today that the Board of Directors has appointed Roe C. East as President. Mr. East joins CWI from Cummins, most recently as the Director – Power Systems Marketing & Business Development, based in Columbus, Indiana.
“Roe’s experience at Cummins in market development and strategy, OEM negotiations and business unit leadership will help drive CWI’s continued success and profitable growth, and provide a seamless transition to the future natural gas engine business,” said Michael Gallagher, CWI’s Chairman.
Mr. East has been responsible for development of a new business venture in Cummins Power Systems since 2007. Prior to that, he was the General Manager – Bus Business, where he grew Cummins’ worldwide bus business (excluding CWI) 150% in 5 years. He has held several other management roles within Cummins, which include Director positions responsible for Engine Business Market Strategy & Product Management, Industrial Marketing, Construction Markets, and Product Planning. Mr. East obtained a Bachelor of Science in Mechanical Engineering & Mathematical Economics from Rose-Hulman Institute of Technology inIndiana, and a Master of Management from Northwestern University in Illinois. Mr. East will continue to be based in Columbus, Indiana.
“CWI is in an excellent position to grow and provide the advantages of natural gas engines to its customers, attentive to costs and emissions worldwide,” said Mr. East, “With natural gas engines for trucks and buses becoming more mainstream, this is an exciting time to lead the joint venture.”
Guan Saw, CWI’s President since early 2005, helped grow CWI’s revenue from $42.3 million in fiscal 2006 to over $67.3 million in fiscal 2008, an increase of over 59%.
“On behalf of the board of CWI, we thank Guan for his commitment and expertise in navigating CWI’s business these last several years,” said Steven Chapman, Cummins’ Vice President, Emerging Markets. “We wish him every success in his new endeavours.”
Cummins Westport Inc. designs, engineers and markets 6–12 liter spark-ignited natural gas engines for North American commercial transportation applications such as trucks and buses. Cummins Westport is a joint venture of Cummins Inc. (NYSE:CMI), a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems, and Westport Fuel Systems Inc. (NASDAQ/TSX: WPRT), a global leader in alternative fuel, low-emissions technologies that allow engines to operate on clean-burning fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), hydrogen, and biofuels such as landfill gas. For more information, visit www.cumminswestport.com.
This document contains forward-looking statements, including statements regarding the demand for our products, the future success of our business and technology strategies, investment, cash and capital requirements, intentions of partners and potential customers, the performance and competitiveness of our products and expansion of product coverage, future market opportunities, speed of adoption of natural gas for transportation, growth in demand as a result of new emission standards and terms of future agreements. These statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties and are based on assumptions that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activities, performance or achievements expressed in or implied by these forward looking statements. These risks and assumptions include risks and assumptions related to our revenue growth, operating results, industry and products, the general economy, conditions of and access to the capital and debt markets, governmental policies and regulation, technology innovations, fluctuations in foreign exchange rates, global government stimulus packages, the acceptance of natural gas vehicles in fleet markets, the relaxation or waiver of fuel emission standards, the inability of fleets to access capital or government funding to purchase natural gas vehicles, the sufficiency of bio methane for use in our vehicles, the development of competing technologies as well as other risk factors and assumptions that may affect our actual results, performance or achievements or financial position discussed in our most recent Annual Information Form and other filings with securities regulators. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they were made. We disclaim any obligation to publicly update or revise such statements to reflect any change in our expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward looking statements except as required by National Instrument 51-102.
Westport Fuel Systems has also scheduled a conference call for Tuesday, November 10, 2020 at 10:30am ET (7:30am PT)
Clarifies statements regarding its Weichai Westport Inc. joint venture and WWI's 12-liter engine equipped with the HPDI 2.0™ fuel system
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
Transaction Provides Cost Efficiencies and Greater Product Choice for Customers
Estimated revenue of US$58 million over seven-year period
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