News Releases

June 1, 2016

Westport Completes Merger with Fuel Systems

Combination creates innovative, global leader in alternative fuel, engine and vehicle sector

Westport completes merger between Westport and Fuel Systems Solutions. Shareholders of both companies approved the merger at separate special meetings of shareholders. As previously announced, Fuel Systems shareholders will receive 2.4755 Westport common shares for each share of Fuel Systems common stock owned. Fuel Systems shares will no longer be listed on the Nasdaq Exchange or any other securities exchange.

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May 26, 2016

Westport Announces Exchange Ratio for Merger Agreement with Fuel Systems

Compelling merger edges closer to completion

The final exchange ratio has been determined for the proposed business combination (the “Merger”) with Fuel Systems. Assuming the Merger closes as anticipated on June 1, 2016, Fuel Systems stockholders will receive 2.4755 Westport common shares for each share of Fuel Systems common stock owned upon completion of the Merger.

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May 20, 2016

Proxy Advisory Firms Have Reaffirmed Recommendation that Fuel Systems Shareholders Vote FOR the Proposed Merger

Merger Agreement already overwhelmingly approved by Westport shareholders

Institutional Shareholder Services, a leading independent proxy advisory firm that provides voting recommendations to institutional investors, has reaffirmed its recommendation that Fuel Systems Solutions shareholders approve the Amended Agreement and Plan of Merger between Westport and Fuel Systems.

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May 18, 2016

Westport Secures CARB Certification for Dedicated CNG Ford Transit Vehicles and F-150 Trucks

California Air Resources Board certifies emission-reducing Westport WiNG™ Power System used in popular vehicle models

Westport has received certification from CARB for the dedicated CNG Westport WiNG™ Power System used in the Ford Transit Cargo Van and Passenger Wagon, and the F-150 truck for model year 2016.

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May 13, 2016

Doug Pearce steps down from Westport Board of Directors

Resignation tendered in preparation for merger

Westport announces that Doug Pearce has resigned from the Board as part of plans relating to the pending merger with Fuel Systems Solutions.

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May 12, 2016

Westport Reports First Quarter 2016 Financial Results

Positive Adjusted EBITDA in Q1 2016 for Westport Operations, Fuel Systems Stockholder Meeting Scheduled for May 31, 2016

Westport reports financial results for the quarter ended March 31, 2016 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

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May 5, 2016

Westport Announces First Quarter Fiscal 2016 for Thursday, May 12, 2016

To coincide with the disclosure, Westport has also scheduled a conference call for Thursday, May 12, 2016 at 2:00 pm Pacific Time (5:00 pm Eastern Time).

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May 2, 2016

Fuel Systems Stockholder Meeting Scheduled For Tuesday, May 31

Fuel Systems’ Board of Directors recommends Fuel Systems stockholders vote “FOR” the Merger with Westport, Compelling merger edging closer to completion

Fuel Systems’ Board of Directors recommends Fuel Systems stockholders vote “FOR” the Merger with Westport; Compelling merger edging closer to completion.

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April 20, 2016

Westport Closes Second Tranche of Cartesian Investment

Cartesian Capital Group purchases Westport Hong Kong economic interest citing long-term view of natural gas vehicle market in China

Westport has sold a derivative economic interest in its Hong Kong holding company, Westport Hong Kong Ltd. to Cartesian Capital Group for an upfront payment of US$6.3 million plus a potential future payment based on Cartesian's return on investment.

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March 29, 2016

Westport Reports Fourth Quarter and Fiscal 2015 Financial Results

Westport Consolidated Adjusted EBITDA improved 54% over the prior year and 47% over the prior quarter

Westport reports financial results for the year ended December 31, 2015 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

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News Releases

August 30

Westport Fuel Systems to Present at the 8th Annual Gateway Conference on September 5, 2019

Westport Fuel Systems today announced they have been invited to present at the 8th Annual Gateway Conference, which is being held September 4-5, 2019 at the Four Seasons Hotel in San Francisco, California

August 22

Westport Fuel Systems Announces New Chief Financial Officer

Westport Fuel Systems Appoints Richard Orazietti as Chief Financial Officer

August 8

Reports Second Quarter 2019 Financial Results

Strong first half revenue drives improved revenue guidance

July 29

Westport Fuel Systems to Announce Second Quarter Results on Thursday, August 8, 2019

Westport Fuel Systems Inc. announced today that it will disclose its financial results for the second quarter ended June 30, 2019 on Thursday, August 8, 2019 after market close.

May 9

Reports First Quarter 2019 Financial Results

Strong Revenue Growth in All Areas, Notably Westport HPDI 2.0 Sales

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