News Tagged with "Financial"

August 4, 2011
financial

Westport Reports FY2011 Q1 Financial Results

Revenues Increase 76% Year Over Year

Westport reports financial results for the first quarter fiscal 2011 ended June 30, 2011 (FY2011) and provides an update on operations. Please note that the Company has changed its year-end from March 31 to December 31 to align the year ends of all the consolidated operating companies to the calendar year.

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July 28, 2011
financial

Westport Announces First Quarter Fiscal 2011 Conference Call for Thursday, August 4, 2011

Westport will disclose its financial results for the first quarter of fiscal 2011 ended June 30, 2011 on Thursday, August 4, 2011 after market close.

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July 5, 2011
acquisitionautomotivefinancialWestport

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 8, 2011
financial

Westport Reports Fourth Quarter Fiscal 2011 and Year End Financial Results

Fourth Quarter Revenue Up 10.4%

Westport's financial results for the fourth quarter and fiscal year ended March 31, 2011 (FY2011) and an update on operations. All figures are in U.S. dollars unless otherwise stated.

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June 8, 2011
acquisitionautomotivefinancialWestport

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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June 1, 2011
financial

Westport Announces Fourth Quarter and Year End Fiscal 2011 Conference Call for Wednesday, June 8, 2011

Westport will disclose its fourth quarter and fiscal year 2011 financial results on Wednesday, June 8, 2011 before market open.

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February 8, 2011
financial

Westport Reports Third Quarter Fiscal 2011 Financial Results

Third Quarter Revenues Increase 8.5% Year Over Year

Westport reported financial results for the third quarter of fiscal 2011 ended December 31, 2010 and provided an update on operations.

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February 1, 2011
financial

Westport Announces Third Quarter Fiscal 2011 Conference Call for Tuesday, February 8, 2011

Westport will disclose its third quarter, fiscal 2011 financial results on Tuesday, February 8, 2011 after market close.

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November 15, 2010
financial

Westport Closes Offering of Common Shares and Announces Underwriters’ Exercise of Over-Allotment Option for Approximately US$16 Million

Westport announced the exercise in full of the underwriters' option to purchase an additional 907,500 common shares at a price of US$17.50 in connection with its previously announced offering of common shares in the United States and Canada.

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November 9, 2010
financial

Westport Innovations Inc. Prices Offering of Common Shares

Westport announced the pricing of its offering of common shares in the United States and Canada. Westport will offer 6,050,000 common shares at a price of US$17.50 per share, for gross proceeds of US$105,875,000.

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News Releases

September 23

Westport Fuel Systems Clarifies Statements Regarding the Chinese Certification of Weichai Westport’s WP12HPDI Natural Gas Engine

Clarifies statements regarding its Weichai Westport Inc. joint venture and WWI's 12-liter engine equipped with the HPDI 2.0™ fuel system

September 18

Weichai Westport Secures Chinese Certification for WP12 Natural Gas Engine Powered by HPDI 2.0

Westport Fuel Systems Inc. today announced that its Weichai Westport Inc. joint venture has received certification from the Ministry of Ecology and Environment of China for its 12-liter engine equipped with the HPDI 2.0 fuel system

September 15

Westport Fuel Systems Combines Businesses to Better Serve Growing Indian Market

Transaction Provides Cost Efficiencies and Greater Product Choice for Customers

August 31

Westport Fuel Systems Awarded Key Electronics Supply Contract

Estimated revenue of US$58 million over seven-year period

August 11

Westport Fuel Systems Secures €7 Million Loan from Deutsche Bank

Further strengthens liquidity of Emer S.p.A in Brescia, Italy

Industry News

Published: September 30

India: Maruti Suzuki sells 300,000 units of the WagonR S-CNG

The Maruti Suzuki WagonR S-CNG has emerged as the highest selling natural gas vehicle in the country, as this greener and safer factory-fitted CNG model has surpassed 300,000 units in sales.

Published: July 17

Egypt launches ambitious strategy to shift from gasoline to natural-gas powered cars

Egypt has launched an ambitious plan to shift the primary fuel for vehicles in its jurisdiction from petrol and diesel to compressed natural gas.

Published: March 26

Coronavirus Economic Fallout May Boost NGVs as Alternative Transportation

Natural gas vehicles (NGV) may get a boost as power markets and renewable equipment production are seen as potential casualties.

Published: March 16

Europe Increasingly Turns to CNG, LNG

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.

Published: March 12

Finnish heavy-duty transport expert Simeon: ”Gas is energy of the future”

Simeon’s gas-powered Volvo is used to transport gas for partners. Stenberg is pleased with the new tractor unit.

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