News Tagged with "Westport"

October 12, 2011

Westport Acquires Alternative Fuel Vehicle Sweden AB, European Natural Gas System Supplier to Volvo Cars

Acquisition Marks Continued Expansion into Growing Automotive Segment for Global Leader in Natural Gas Engines

Westport has acquired Alternative Fuel Vehicle Sweden AB (AFV) of Gothenburg, Sweden for approximately SEK 51 million (approximately US$7.6 million). AFV is the sole supplier of natural gas fuel systems to Volvo Car Company.

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October 6, 2011

Westport Inventor Philip Hill to Receive Manning Innovation $100,000 Principal Award

Vancouver's Philip G. Hill, principal inventor of Westport’s founding technology using clean-burning natural gas in diesel engines, will win the 2011 $100,000 Encana Principal Award granted by the Ernest C. Manning Awards Foundation.

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September 28, 2011

Westport LD Announces New Natural Gas System for Ford Super Duty Pickups

Westport WiNG™ Power System for F-Series Trucks Will be Sold, Serviced by Authorized Ford Dealers

Westport LD has unveiled the new Westport WiNG™ Power System (WiNG™), an advanced, integrated, bi-fuel system for passenger and commercial vehicles targeting fleet customers. WiNG™ will be available in the popular Ford F-250 and F-350 Super Duty pickup trucks sold and serviced through authorized Ford dealers.

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September 7, 2011

Westport to Launch Innovative Co-Marketing Program with Shell to Develop North American Market for Liquefied Natural Gas Vehicles and Fuels

Westport has entered into an agreement with Shell to launch a co-marketing program in North America aimed at providing customers a better economic case when purchasing and operating liquefied natural gas–powered vehicles (LNGVs) by consolidating key value chain components such as fuel supply, customer support and comprehensive maintenance into a single, user-friendly package.

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July 6, 2011

Cummins Westport Inc. Celebrates 10,000th ISL G Engine

Cummins Westport announces the production and celebration of the 10,000th ISL G natural gas engine at the Cummins Engine Plant in Rocky Mount, N.C. (RMEP). Cummins Westport ISL G engines are sold globally in a variety of applications including shuttle and school buses, urban transit, vocational, and medium and heavy-duty truck and tractor applications.

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July 5, 2011

Westport Closes Acquisition of Emer S.p.A.

Previously Announced Acquisition Closes on Schedule

Westport has completed the purchase of Emer S.p.A. (Emer), of Brescia, Italy. After deduction of certain amounts contractually agreed upon, Westport, at closing, paid approximately Euro 25.6 million (approximately US$37.2 million), which consisted of Euro 12.1 million (US$17.6 million) in cash and 881,860 shares of Westport.

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June 28, 2011

Westport Signs Agreement with General Motors to Research Advanced Natural Gas Engine Technology for Light-Duty Vehicles

General Motors and Westport are now in an agreement to help develop advanced natural gas engine technology. Both General Motors and Westport will bring their extensive expertise to develop natural gas engine controls, emissions and performance strategies.

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June 8, 2011

Westport Announces Intention to Acquire Emer S.p.A. of Italy

Westport will purchase Emer S.p.A. (Emer),of Brescia, Italy for Euro 27 million (approximately US$39.6 million) through a combination of stock and cash, plus the assumption of approximately Euro 53 million in existing net debt within Emer.

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May 27, 2011

Westport Innovations to Ring NASDAQ Opening Bell

Natural Gas Truck on Display in Times Square

Westport announced it will ring the Opening Bell of the NASDAQ Stock Market on Tuesday, May 31, 2011 at 9:30 am (Eastern Time) at NASDAQ MarketSite in New York. In honour of the event, Westport’s management team and several members of the Board of Directors will be in attendance to ring the bell. At the same time, a natural gas truck powered by a Cummins Westport ISL G engine will be on display outside NASDAQ MarketSite in Times Square.

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May 17, 2011

Westport Announces Agreement with Caterpillar for Evaluation of Fuel System Technologies for High Horsepower Engines

Westport is in an agreement with Caterpillar, Inc. to evaluate direct injection, natural gas fuel system technologies for possible use on Caterpillar’s large engines. As part of the agreement, the parties will combine their respective technologies and components to develop a fuel system that will be evaluated on a multi-cylinder test engine.

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News Releases

November 7

Westport Fuel Systems Reports Third Quarter 2019 Financial Results

Net income from continuing operations of $4.9 million and Adjusted EBITDA of $9.4 million due to revenue growth and operating cost reductions

October 24

Westport Fuel Systems to Announce Third Quarter Results on Thursday, November 7, 2019

Westport Fuel Systems Inc. announced today that it will disclose its financial results for the third quarter ended September 30, 2019 on Thursday, November 7, 2019 after market close.

September 27

Westport Fuel Systems Announces Settlement with the U.S. Securities and Exchange Commission

Westport Fuel Systems today announced that it has reached a settlement fully resolving the SEC’s investigation.

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

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