2010
July 28, 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
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 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
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
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
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
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
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 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
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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