2015

December 18, 2015

AVL and Westport Sign Agreement to Deliver Next-Generation HPDI Technology

AVL’s Global Engineering Capability to Support Rapid Adoption of Advanced Natural Gas Engine Technology

Westport and AVL List GmbH. have entered into an agreement to deliver next-generation Westport high pressure direct injection (Westport HPDI™) gas technology.

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December 9, 2015

Westport and Gas Technology Institute Awarded $900,000 to Advance Natural Gas Combustion Technology

Westport and the Gas Technology Institute have been awarded US$900,000 towards a program to advance state-of-the-art natural gas combustion technology. The work will feature Westport™ enhanced spark ignited (ESI) natural gas engine technology and demonstrate "High Frequency Corona Discharge Ignition" on an OEM partner's engine.

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November 16, 2015

Westport Announces Board of Directors Changes

Governance Measures Taken as Part of Preparation for Merger

In connection with this process, Warren Baker, an existing Director, has been appointed Chairman of the board by Westport's Board of Directors. Jill Bodkin, a board member since 2008 and Chairman of the Board since 2014, has resigned as Chairman and remains as a Director. Additionally, Doug King, a board member since 2012 and Chair of Audit Committee, has resigned from the board.

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November 10, 2015

Westport Reports Third Quarter Fiscal 2015 Financial Results

Westport Consolidated Adjusted EBITDA Improved 56% Over Prior Year

Westport reports financial results for the third quarter ended September 30, 2015 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

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November 9, 2015

Sweden’s FVG to Add 400 Bi-Fuel Volvo Cars to its Taxi Fleet

Volvo V70 Bi-Fuel to be Deployed Nationwide in Sweden

Westport, together with Volvo Car Sverige and Upplands Motor, announces that Sweden-based Fågelviksgruppen (FVG) has signed an agreement covering the purchase of 400 Volvo V70 Bi-Fuel taxis with Westport technology and fuel systems including options to purchase up to 240 more.

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November 3, 2015

Westport Announces Third Quarter Fiscal 2015 Conference Call for Tuesday, November 10, 2015

To coincide with the disclosure, Westport has also scheduled a conference call for Tuesday, November 10, 2015 at 2:00 pm Pacific Time (5:00 pm Eastern Time).

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November 2, 2015

Westport HPDI 2.0 On Track for Commercial Production

Substantial Progress Made in Development and Near-Term Commercialization of Core Technology Program

Westport provides an update to its Westport High Pressure Direct Injection (Westport™ HPDI) second generation or "HPDI 2.0" development program.

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October 30, 2015

Westport Parts + Service Partners to Launch New Aftermarket Distribution Channel

Collaboration Strengthens Westport’s One-Stop Shop Approach

Westport's aftermarket parts division, Westport Parts + Service, has formed a distribution partnership with Alliant Power. With an initial focus on Class 1-5 light-duty vehicles through select Alliant Power distributors, Westport Parts + Service creates a single source for natural gas aftermarket service and maintenance parts.

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October 21, 2015

Westport and Fuel Systems Clear Key Milestone in Antitrust Requirements For Proposed Merger

The proposed merger between Westport Innovations and Fuel Systems Solutions has satisfied the requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976. There is no further antitrust clearance required to close the transaction.

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October 19, 2015

Westport Announces New Agreements & Key Milestone Towards HPDI 2.0 Production

Westport has entered into new agreements with Volvo Group governing the development, commercial launch and supply of Westport High Pressure Direct Injection (Westport™ HPDI) 2.0 technology in its heavy-duty trucks over the next several years.

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News Releases

September 26

Independent Study Confirms Emissions Performance of Cummins Westport ISX12N Natural Gas Engine

Cummins Westport Inc. is pleased to announce that an independent third-party study on the Cummins Westport ISX12N 400 hp natural gas engine has demonstrated that the engine meets and exceeds California Air Resources Board’s optional Low NOx standard of 0.02 g/bhp-hr.

August 28

Westport Fuel Systems and Weichai Westport to Commercialize HPDI 2.0 Technology for China

Westport Fuel Systems Inc.announced today that it has entered into definitive development and supply agreements with Weichai Westport Inc. to develop, market, and commercialize a heavy-duty, natural gas engine featuring the Westport HPDI 2.0™ technology, based on one of Weichai Power Co., Ltd.’s heavy-duty engine platforms.

August 3

Westport Fuel Systems to Announce Second Quarter Results on Thursday, August 9, 2018

Westport Fuel Systems Inc. announced today that it will disclose its financial results for the second quarter ended June 30, 2018 on Thursday, August 9, 2018 after market close.

July 25

Westport Fuel Systems Completes Sale of CNG Compressor Business for 12.3 Million Euro

Westport Fuel Systems Inc. today announced that it has completed the sale of its compressed natural gas compressor business to Snam S.p.A., a leading European gas utility company, for total proceeds of 12.3 million Euro, net of a 500,000 Euro holdback to be released upon fulfillment of an independent audit process to be completed within 30 business days.

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