2010

July 28, 2010
financial

Westport Announces First Quarter Fiscal 2011 Conference Call for Wednesday, August 4, 2010

Westport will disclose its first quarter, fiscal 2011 financial results on Wednesday, August 4, 2010 after market close.

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July 13, 2010
partnershipsWestport

Westport Signs New Development and Commercialization Agreement

New Agreement Further Demonstrates Westport’s Commitment and Ability to Develop Competitive Biogas and Natural Gas Engines and Outlines R&D Expenses and Revenue Stream

Volvo Powertrain, a subsidiary of Volvo AB, and Westport have signed an agreement defining Westport’s responsibility to develop biogas- and natural gas-fuelled engine products for Volvo.

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July 6, 2010
Westport 15LWestport HPDIcertificationWestport

Westport Heavy-Duty Engine Receives 2010 U.S. EPA Certification

Westport HD 2010 15L engine has been certified by the U.S. Environmental Protection Agency (EPA) to 2010 emissions compliance. The GX engine is certified and compliant to U.S. EPA 2010 emission limits of 0.2 g/bhp-hr oxides of nitrogen (NOx) and 0.01 g/bhp-hr particulate matter (PM) without the use of emissions credits. Adding to the U.S. certification, Australia’s Department of Infrastructure, Transport, Regional Development and Local Government has certified the Westport HD engine in compliance with the Australian Design Rules (ADR) 80/03, which takes effect for all heavy-duty truck models starting January 2011.

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July 2, 2010
acquisitionautomotiveWestport

Westport Acquires OMVL of Italy and 100% of Juniper Engines for €19 Million

Accretive Acquisition Expected to Add Approximately US$25M in Revenue and Launch Light-Duty Automotive Strategy for Westport's Juniper Engines

Westport has announced that it has acquired 100% of the outstanding shares of OMVL SpA and OMVL’s 51% share of Juniper Engines Inc. for a combined consideration of €19.0 million (approximately US$23.4 million).

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June 21, 2010
board members

Westport Files Management Information Circular for Annual General and Special Meeting of Shareholders

Westport has filed its Management Information Circular for the Company’s upcoming Annual and Special General Meeting for shareholders to be held on July 15, 2010. In connection with the AGM, Westport proposes to reduce the size of the Board of Directors from 10 members to 8

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June 1, 2010
financial

Westport Reports Fourth Quarter & Year End Financial Results

Fourth Quarter Revenue Up 35.7%

Westport reported financial results for the fourth quarter and fiscal year ended March 31, 2010 (FY2010) and provided an update on operations. All figures are in Canadian dollars based on Canadian GAAP unless otherwise stated.

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May 25, 2010
financial

Westport Announces Fourth Quarter & Year End Conference Call for Tuesday, June 1, 2010

Westport will disclose its fourth quarter and fiscal year 2010 financial results on Tuesday, June 1, 2010 after market close.

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April 14, 2010
financial

Warrant Exercise Generates $8.4 million in Cash for Westport

Technology Partnerships Canada Program Successfully Delivers Financial Returns to Government of Canada

Westport announced that 790,614 warrants previously issued to Industry Canada, a department of the Government of Canada, have been exercised at a price of $10.65 per warrant generating $8.4 million in cash for the company.

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April 12, 2010
Westport HPDIpartnershipsWestport

Westport Achieves High Volume Scale Production with Delphi Automotive Systems, LLC to Supply Westport HD Injectors

Westport has reached high volume scale production capability in a deal with Delphi Automotive Systems, LLC, to supply Westport’s proprietary HD fuel injectors. Production is expected to begin in the second half of 2010.

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March 25, 2010
sustainabilityfinancialrecognition

Westport Announces the First Global Carbon Finance Program for Transportation Registered to the Voluntary Carbon Standard

Westport, in collaboration with Grütter Consulting, has launched a the Westport Carbon Project, program to monetize the carbon emission reductions associated with Cummins Westport (CWI) and Westport HD natural gas engines.

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News Releases

June 4

Westport Fuel Systems Reports First Quarter 2020 Financial Results

Westport Fuel Systems Inc. reported financial results for the first quarter ended March 31, 2020 and provided an update on operations.

May 28

Westport Fuel Systems Secures €5 Million Loan from UniCredit

Transaction to Strengthen the Liquidity of Emer S.p.A. in Brescia, Italy

May 26

Westport Fuel Systems Awarded GASTEC Tender

BRC to Supply Systems to the Growing Egyptian Market

April 30

Westport Fuel Systems Publishes 2020 Annual and Special Meeting of Shareholders Results

Shareholders approved all resolutions presented at the Meeting.

April 29

Westport Fuel Systems to Announce First Quarter Results on Thursday, June 4, 2020

Westport Fuel Systems has also scheduled a conference call for Friday, June 5, 2020 at 10:30am ET (7:30am PT)

Industry News

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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