Westport Fuel Systems Inc. today announced a new contract between MTM and NAFTAL (Algerian State Owned Agency for Distribution and Sale of Oil and Gas) to supply 30,000 liquified petroleum gas systems into the growing Algerian market.Find out more
Westport Fuel Systems Inc. have been awarded a competitive tender bid by the Egyptian International Gas Technology Company to supply 6,300 compressed natural gas sequential injection fuel systems into the growing Egyptian market in 2020.Find out more
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.Find out more
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.Find out more
Westport Fuel Systems Inc. announced today that it has signed a non-binding Memorandum of Understanding (“MOU”) with Weichai Power Co., Ltd. at a signing ceremony hosted by Mr. Tan Xuguang, Chairman and Chief Executive Officer of Weichai Holding Group Co., Ltd. in Jinan, Shandong Province, China. This MOU sets the framework for finalizing the development, marketing, and commercialization of the Westport high pressure direct injection technology in China.Find out more
Westport Fuel Systems today announced the signing of a new multi-year agreement between a distributor of Westport Fuel Systems and Honda Turkey to supply liquefied petroleum gas (“LPG”) systems for the new Civic ECO model that will be launched in October 2016.Find out more
Fuel Systems’ Board of Directors recommends Fuel Systems stockholders vote “FOR” the Merger with Westport; Compelling merger edging closer to completion.Find out more
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.Find out more
At the meeting, shareholders approved the issuance of such number of Westport common shares as required according to the Agreement and Plan of Merger dated September 1, 2015 (as amended) to complete the Merger, with 98% of votes cast voted in favour of the resolution, 94% of votes cast voted in favour of the amendment to Westport’s Omnibus Incentive Plan, and 98% of votes cast voted in favour of amending the articles of incorporation of Westport to change its name from Westport Innovations Inc. to Westport Fuel Systems Inc.Find out more
Westport announces that Rodney (Rod) Nunn, President and CEO of KSR International Co.—a leading Tier One automotive supplier—has been appointed to Westport's Board of Directors as part of a nomination agreement between Westport and certain entities affiliated with Westport’s largest shareholder, Kevin Douglas (“the Douglas Group”).Find out more
Westport Fuel Systems Inc. reported financial results for the second quarter ended June 30, 2020 and provided an update on operations.
MTM to Supply LPG Systems to the Growing Algerian Market
Transaction to Bolster the Liquidity of MTM in Cherasco, Italy
Westport Fuel Systems today announced that it has has entered into an agreement for the refinancing of its convertible notes held by funds associated with Pangaea Two Management, LP and Cartesian Capital Group.
Westport Fuel Systems today announced that they have closed a US$10 million term credit facility from Export Development Canada to bolster liquidity during the COVID-19 pandemic.
Natural gas vehicles (NGV) may get a boost as power markets and renewable equipment production are seen as potential casualties.
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.
Simeon’s gas-powered Volvo is used to transport gas for partners. Stenberg is pleased with the new tractor unit.