News Tagged with "Financial"

July 19, 2017
corporatefinancial

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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June 5, 2017
corporatefinancialindustrial

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
corporatefinancialindustrial

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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May 11, 2017
corporatefinancial

Westport Fuel Systems Reports First Quarter 2017 Financial Results, 2017 Off to a Strong Start

Westport Fuel Systems Inc. reported financial results for the first quarter ended March 31, 2017, and provided an update on operations.

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May 4, 2017
corporatefinancial

Westport Fuel Systems to Announce First Quarter Results On Thursday, May 11, 2017

Westport Fuel Systems Inc. announced today that it will disclose its financial results for the first quarter ended March 31, 2017 on Thursday, May 11, 2017 after market close.

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April 17, 2017
corporatefinancial

Westport Fuel Systems Announces the Signing of a Definitive Agreement to Sell its APU Assets for USD$70 million

Sale in-line with previously announced portfolio review

Westport Fuel Systems Inc. today announced that it has entered into a definitive agreement to sell the assets of its Auxiliary Power Unit business for $70 million United States dollars, subject to certain customary adjustments.

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April 12, 2017
financial

Prins and BRC Win Innovation Award at the International GasShow in Warsaw, Poland

Both companies are part of Westport Fuel Systems family of brands

Prins Autogassystemen and BRC Gas Equipment, both Westport Fuel Systems Inc. companies were awarded with the Inpro Innovation award at the International GasShow in Warsaw, Poland for their respective VSI Dual Injection technology and ‘EMV’ electronic LPG tank multivalve.

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March 27, 2017
financial

Westport Fuel Systems Presents Unaudited Fourth Quarter and Fiscal 2016 Financial Results

Solid finish to 2016 Taking action to address upcoming liquidity needs

Westport Fuel Systems Inc. today presented unaudited financial results for the fourth quarter and year ended December 31, 2016 and provided an update on operations. The company will be filing its 2016 audited consolidated financial statements later this week on March 31, 2017.

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March 7, 2017
corporatefinancial

Westport Fuel Systems to Announce Fourth Quarter and Fiscal 2016 Results on Monday March 27, 2017

To coincide with the disclosure, Westport Fuel Systems has also scheduled a conference call for Monday, March 27, 2017 at 2:00 pm Pacific Time (5:00 pm Eastern Time).

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November 9, 2016
financial

Westport Fuel Systems Reports Third Quarter 2016 Financial Results

Executing on Key Deliverables - Taking Immediate Action on Portfolio Decisions

Westport Fuel Systems Inc. reports financial results for the third quarter ended September 30, 2016 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

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News Releases

August 6

Westport Fuel Systems Reports Second Quarter 2020 Financial Results

Westport Fuel Systems Inc. reported financial results for the second quarter ended June 30, 2020 and provided an update on operations.

August 4

Westport Fuel Systems Announces Supply Contract with NAFTAL

MTM to Supply LPG Systems to the Growing Algerian Market

July 24

Westport Fuel Systems Secures €15 Million Loan from UniCredit

Transaction to Bolster the Liquidity of MTM in Cherasco, Italy

July 24

Westport Fuel Systems Announces Refinancing of Convertible Notes with Cartesian Capital Group

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.

July 23

Westport Fuel Systems Secures US$10 Million Credit Facility from Export Development Canada

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.

Industry News

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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