News Tagged with "Financial"

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 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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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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March 22, 2016

Westport Announces Fourth Quarter Fiscal 2015 and Year End Conference Call for Tuesday, March 29, 2016

To coincide with the disclosure, Westport has also scheduled a conference call for Tuesday, March 29, 2016 at 2:00 pm Pacific Time (5:00 pm Eastern Time).

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February 23, 2016

Westport Files Management Information Circular for Fuel Systems Transaction and Sets Date for Special Meeting of Shareholders

Compelling Combination To Bring a Broader Global Reach, Enhanced Technological Expertise, and Provide Significant Value to Westport Shareholders

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January 11, 2016

Westport Signs Investment Agreement with Cartesian Capital Group for up to $71.3 Million in Financing

Global private equity firm, with a strong presence in Asia and Europe, invests in Westport and the future of natural gas engines

Westport has entered into an agreement with Cartesian Capital Group of New York, for up to $71.3 million in financing to support global growth initiatives. As part of the financing agreement, Peter Yu, Managing Partner and Founder of Cartesian, will be appointed to Westport's Board of Directors.

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December 9, 2015

Westport and Gas Technology Institute Awarded $900,000 to Advance Natural Gas Combustion Technology

Westport and the Gas Technology Institute have been awarded US$900,000 towards a program to advance state-of-the-art natural gas combustion technology. The work will feature Westport™ enhanced spark ignited (ESI) natural gas engine technology and demonstrate "High Frequency Corona Discharge Ignition" on an OEM partner's engine.

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November 10, 2015

Westport Reports Third Quarter Fiscal 2015 Financial Results

Westport Consolidated Adjusted EBITDA Improved 56% Over Prior Year

Westport reports financial results for the third quarter ended September 30, 2015 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

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News Releases

May 31

Westport Fuel Systems Announces New Chief Financial Officer

Westport Fuel Systems Inc. today announced the appointment of Mike Willis as Chief Financial Officer ("CFO") effective June 11, 2018. Ashoka Achuthan, Westport Fuel Systems current CFO, will step down from his position but continue to serve as an advisor to the leadership team through a transition period.

May 9

Westport Fuel Systems Publishes 2018 Annual and Special Meeting of Shareholders Results

Westport Fuel Systems Inc. held its Annual and Special Meeting of Shareholders on Monday, May 7, 2018 in Toronto, Ontario.

May 8

Westport Fuel Systems to Announce First Quarter Results on Friday, May 11, 2018

Westport Fuel Systems Inc. announced today that it will disclose its financial results for the first quarter ended March 31, 2018 on Friday, May 11, 2018 before market open. To coincide with the disclosure, Westport Fuel Systems has also scheduled a conference call for Friday, May 11, 2018 at 8:30 am Eastern Time.

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