News Tagged with "Financial"

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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November 3, 2015

Westport Announces Third Quarter Fiscal 2015 Conference Call for Tuesday, November 10, 2015

To coincide with the disclosure, Westport has also scheduled a conference call for Tuesday, November 10, 2015 at 2:00 pm Pacific Time (5:00 pm Eastern Time).

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October 16, 2015

Westport Appoints KPMG As Auditor

Westport Innovations Inc. announced today the appointment of KPMG LLP ("KPMG") as its auditors, replacing Deloitte LLP (“Deloitte”).

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September 1, 2015

Westport and Fuel Systems Solutions Announce Intention to Merge

Compelling Merger Creates Scale and Combines Complementary Technologies, Development Focus, and Global Customer and Product Mix

Westport Innovations Inc. (TSX: WPT / NASDAQ: WPRT), and Fuel Systems Solutions Inc. (NASDAQ: FSYS), jointly announce that the companies have entered into a merger agreement to create a premier alternative fuel vehicle and engine company.

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News Releases

May 9

Reports First Quarter 2019 Financial Results

Strong Revenue Growth in All Areas, Notably Westport HPDI 2.0 Sales

May 6

Publishes 2019 Annual General Meeting of Shareholders Results

Publishes 2019 Annual General Meeting of Shareholders Results

April 30

Westport Fuel Systems to Announce First Quarter Results on Thursday, May 9, 2019

Westport Fuel Systems Inc. announced today that it will disclose its financial results for the first quarter ended March 31, 2019 on Thursday, May 9, 2019 after market close.

March 19

Westport Fuel Systems Reports Fourth Quarter and Full Year 2018 Financial Results

Strong 2018 Financial Performance and Continued Growth in 2019

March 8

Westport Fuel Systems to Announce Fourth Quarter and Fiscal 2018 Results on Tuesday, March 19, 2019

Westport Fuel Systems Inc. announced today that it will disclose its financial results for the fourth quarter and year ended December 31, 2018 on Tuesday, March 19, 2019 after market close.

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