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

January 21

Westport Fuel Systems to Cooperate with Truck and Bus Manufacturer Scania on a Direct Injected Hydrogen Engine Research Project

Westport Fuel Systems Inc. today announced it has agreed to commence a research project with Scania to apply its HPDI 2.0 fuel system with hydrogen to the latest Scania commercial vehicle engine. Preliminary test results are expected in the second half of 2021.

January 7

Westport Fuel Systems Appoints New Director

Westport Fuel Systems Inc. today announced the appointment of Tony Guglielmin to the company’s Board of Directors, effective January 7, 2021.

November 19

Cummins Westport Announces Changes to its Board of Directors and Management Team

Cummins Westport Inc. today announced changes to its Board of Directors and Management in accordance with the terms of the 50/50 Joint Venture Agreement between Cummins Inc. and Westport Fuel Systems Inc.

November 16

Westport Fuel Systems Announces Next Generation HPDI Development Contract with OEM Partner

Program Applies HPDI to an Updated Base Engine Platform

Industry News

Published: October 6

Volvo Trucks sees increased interest in LNG

Swedish truck maker Volvo said it’s seeing hauliers and transport buyers moving towards refrigerated liquefied gas as a cheaper and more environmentally friendly alternative to diesel.

Published: September 30

India: Maruti Suzuki sells 300,000 units of the WagonR S-CNG

The Maruti Suzuki WagonR S-CNG has emerged as the highest selling natural gas vehicle in the country, as this greener and safer factory-fitted CNG model has surpassed 300,000 units in sales.

Published: September 24

Why Fleet Managers Anheuser Busch Kehe Distributors are Fueling Renewable Natural Gas

While much attention has shifted to the potential for battery-electric or hydrogen vehicles, another technology with a vast infrastructure — renewable natural gas — is gaining traction among fleet managers.

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.

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