Westport Innovations Inc. (TSX:WPT / NASDAQ:WPRT), the global leader in natural gas engines, announced today that shareholders have approved all resolutions presented at its Annual and Special Meeting held on April 12, 2012, including the election of directors of Westport for the next year; the amendment of the Corporation's articles of incorporation to allow for meetings of shareholders to be permitted in such location as the directors of the Corporation may determine; the amendment of the Corporation's Omnibus Incentive Plan; and the appointment of auditors for Westport for the next year and the authorization of the directors to fix their remuneration.
The returning board members re-elected are Warren J. Baker, John A. Beaulieu, M.A. (Jill) Bodkin, David R. Demers, Dezsö J. Horváth, Douglas R. King, Albert T. Maringer, and Gottfried (Guff) Muench.
The resolutions are all described in the Information Circular of the Company dated February 28, 2012.
At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global automotive industry. Our technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America and South America, we serve our customers in more than 70 countries with leading global transportation brands. At Westport Fuel Systems, we think ahead. For more information, visit www.wfsinc.com.
Net income from continuing operations of $4.9 million and Adjusted EBITDA of $9.4 million due to revenue growth and operating cost reductions
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