2012

February 29, 2012
Cummins Westportmanagement

Cummins Westport Appoints Jim Arthurs as President

Arthurs Adds Strong History in Operations, Strategy and Sales

Cummins Westport announces that Jim Arthurs, former Vice President, Westport Cryogenic Systems, has been appointed as President of Cummins Westport. Prior to joining Westport in 2011, Jim was a Managing Partner and Co-Founder of i3 Transition Partners LLP, a management consulting firm that specializes in business assessments and helping companies plan for and implement strategic change.

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February 27, 2012
financialstock market

Westport Closes Offering of Common Shares and Announces Underwriters' Exercise of Over-Allotment Option

Westport announces the closing of its previously announced offering of common shares in the United States and Canada, including the exercise in full of the underwriters' option to purchase an additional 825,000 common shares at the offering price of US$43.25 per share. With the exercise of the option, Westport issued a total of 6,325,000 common shares under the offering for gross proceeds of US$273,556,250.

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February 27, 2012
partnershipsfinancialWestport

Westport and Leading Engine OEM to Develop Heavy-Duty Natural Gas Truck Engine for North American Market

Development Program Targets Rapidly Growing LNG Truck Opportunity in North America

Westport has signed a development agreement with a leading global engine manufacturer to develop a heavy-duty truck engine featuring Westport proprietary high pressure direct injection (HPDI) technology for the North American market. For competitive reasons, product details have been withheld.

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February 22, 2012
financialstock market

Westport Innovations Inc. Prices Offering of Common Shares

Westport announced the pricing of its offering of common shares in the United States and Canada. Westport will offer 5,500,000 common shares at a price of US$43.25 per share, for gross proceeds of US$237,875,000. Westport has granted the underwriters of the offering an option to purchase an additional 825,000 common shares at the offering price during the period ending 30 days from the date of Westport's final prospectus supplement filed in connection with the offering to cover over-allotments, if any. If the over-allotment option is exercised in full, gross proceeds of the offering will be US$273,556,250.

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February 21, 2012
financialstock market

Westport Innovations Inc. Offers Common Shares

Westport is offering to sell, subject to market and other conditions, 5,000,000 of its common shares in the United States and Canada pursuant to a preliminary prospectus supplement to its base shelf prospectus originally dated January 3, 2012. Copies of the U.S. preliminary prospectus supplement can be accessed through the SEC's website at www.sec.gov, and copies of the Canadian preliminary prospectus supplement are available at www.sedar.com.

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February 21, 2012
financial

Westport Increases Revenue Expectations for Calendar 2011, Provides Revenue Outlook for Calendar 2012

and Announces Third Quarter and Year End Fiscal 2011 Conference Call for Wednesday, February 29, 2012

Westport announced it is revising its revenue expectations for the calendar year ended December 31, 2011 with consolidated revenue expected to be between $260 and $264 million. The increase from the Company’s previous revenue expectation of approximately $240 to $250 million now represents more than 80% growth compared to Westport’s reported consolidated revenue of $144.4 million for the year ended December 31, 2010. For the twelve months ended December 31, 2011, Westport expects to report a net loss per share between $1.26 and $1.28. For the three months ended December 31, 2011, Westport expects to report consolidated revenue of $96 to $100 million and a net loss per share between $0.30 and $0.32.

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February 20, 2012
Cummins Westportproducts

Cummins Westport Announces New Heavy-Duty Natural Gas Engine

ISX12 G Natural Gas Engine Targets Regional Trucking, Vocational and Refuse Markets in North America

Cummins Westport announces the ISX12 G, a 12 litre heavy-duty, factory built dedicated natural gas engine for regional haul truck / tractor, vocational and refuse applications. The new ISX12 G is currently in field trials with full production expected to commence in early 2013.

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February 20, 2012
Westport 15LpartnershipsWestport HPDIWestport

Westport Signs Heavy-Duty Supply Agreement with Cummins for Westport HD 15 Litre Engine

Agreement Provides Future Scalability and Cost Effective Production Once Threshold Volumes Have Been Achieved

Westport has entered into a Supply Agreement with Cummins to allow manufacturing of the Westport HD 15 litre engine in a Cummins manufacturing facility in Jamestown, New York.

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February 20, 2012
Cummins Westportfinancialpartnerships

Westport Announces Amended Cummins Westport Joint Venture Agreement

Conference Call to Follow

Westport has entered into an amended and restated joint venture agreement (JVA) with Cummins for the Cummins Westport (CWI) joint venture. The JVA was amended to provide for, among other things, clarification concerning the scope of products within CWI. In addition, the parties have revised certain economic terms of the JVA.

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February 3, 2012
Cummins Westportpartnerships

Navistar Expands Product Line with Cummins Westport Engine

Navistar will offer the Cummins Westport ISL G in the International® TranStar and WorkStar trucks.

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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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