News Tagged with "Corporate"

July 28, 2017

Westport Fuel Systems Announces Underwriters' Exercise of Over-Allotment Option

Westport Fuel Systems Inc. announced today the exercise of the underwriters' option from its previously announced offering to purchase an additional 2,425,000 common shares at the Offering price of US$1.50 per share. With the exercise of the option, Westport issued a total of 19,125,000 common shares under the offering for gross proceeds of US$28,687,500.

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July 19, 2017

Westport Fuel Systems Closes Offering of Common Shares

Westport Fuel Systems Inc. announced today the closing of its previously announced offering of 16,700,000 common shares at a price of US$1.50 per share, for gross proceeds of US$25,050,000.

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July 14, 2017

Westport Fuel Systems Prices Offering of Common Shares

Westport Fuel Systems will offer 16,700,000 common shares at a price of US$1.50 per share, for gross proceeds of US$25,050,000.

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July 13, 2017

Westport Fuel Systems Provides Q2 2017 Revenue Guidance and Pro Forma Cash Summary

Westport Fuel Systems Inc. announced today that it expects Q2 2017 revenues to be $57-$59 million for the quarter ended June 30, 2017 and a cash balance of approximately $87 million at June 30, 2017.

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July 13, 2017

Westport Fuel Systems Proposes Offering of Common Shares

Westport Fuel Systems Inc. announced today that it intends to offer and sell common shares in an underwritten public offering.

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July 10, 2017

Westport Fuel Systems Appoints New Director

Westport Fuel Systems Inc. today announced that Daniel M. Hancock has been appointed to the Company’s Board of Directors, effective July 7, 2017.

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June 5, 2017

GHG Reduction Benefits of Natural Gas for Transportation Confirmed by New NGVA Europe Study

Westport Fuel Systems Next-Generation Natural Gas Engine and Vehicle Technologies Validated as a Key Solution for De-carbonizing the Transport Sector

Westport Fuel Systems Inc. today announced the publication of a new study by Natural Gas Vehicles Association Europe that quantified the greenhouse gas emission reduction benefits of natural gas for light duty and heavy duty transportation. Alongside data from the major European vehicle and engine makers, Westport Fuel Systems made GHG emissions data specific to the Volvo V60 Bi-Fuel passenger car that uses its advanced natural gas technology from Westport, and Westport High Pressure Direct Injection 2.0 for heavy duty trucks available for the study, enabling state of the art vehicle technologies to be included in the assessment.

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June 1, 2017

Westport Fuel Systems Closes the Second Divestiture Action of the Industrial Group for $17.5 Million USD

Westport Fuel Systems Inc. today announced the closing of the sale of assets related to its Impco Industrial Mobile and Stationary Equipment business for a total of $17.5 million US dollars.

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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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