News Tagged with "Financial"

November 7, 2016
financial

Westport Fuel Systems Announces TSX Ticker Symbol Change To “WPRT”

Aligning the company’s Canadian and U.S. Trading Symbols

Westport Fuel Systems Inc. today announced that effective at the opening of trading on Thursday, November 10, 2016, shares of Westport Fuel Systems will commence trading on the Toronto Stock Exchange (“TSX”) under the symbol “WPRT”.

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November 2, 2016
financial

Westport Fuel Systems To Announce Third Quarter Results On Wednesday, November 9, 2016

Westport Fuel Systems Inc. announced today that it will disclose its financial results for the third quarter ended September 30, 2016 on Wednesday, November 9, 2016 after market close.

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August 22, 2016
Weichai WestportWestport HPDIfinancial

Westport Fuel Systems to Sell Portion of Joint Venture Interest for Approximately $11 Million

Company remains committed to Chinese market & continues to advance Westport™ HPDI 2.0 program

Westport Fuel Systems announced that it has entered into agreements to sell an 11.7% interest in the Weichai Westport Inc. joint venture for gross proceeds of 48.2 million RMB (approximately US$7.2 million) to Weichai Holding Group Co., Ltd. and an additional undisclosed purchaser. Associated with the sale, Westport Fuel Systems will also receive a dividend payment of 23.8 million RMB (approximately US$3.5 million) from the joint venture, generating total gross proceeds of 72.0 million RMB (approximately US$10.7 million).

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August 9, 2016
financial

Westport Fuel Systems Reports Second Quarter 2016 Financial Results

Key Deliverables Set for 2016, Portfolio Review Underway

Westport Fuel Systems reports financial results for the quarter ended June 30, 2016. The quarter and year-to-date results for the period ended June 30, 2016 include one month of the former Fuel Systems Solutions results following completion of the merger that closed on June 1, 2016. All figures are in U.S. dollars unless otherwise stated.

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August 2, 2016
financial

Westport Fuel Systems to Announce Second Quarter Results on Tuesday, August 9, 2016

VANCOUVER, BC – Westport Fuel Systems Inc. announces it will disclose its financial results for the second quarter ended June 30, 2016 on Tuesday, August 9, 2016 before market open. To coincide with the disclosure, Westport has also scheduled a conference call for Tuesday, August 9, 2016 at 7:00 am Pacific Time (10:00 am Eastern Time).

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August 1, 2016
Westport ESIfacilitiesfinancial

Westport Fuel Systems Completes Sale of Non-Core Assets for Over $12 Million

Post-merger consolidation quickly underway. Customer programs to proceed on schedule.

Westport Fuel Systems announces initial post-merger actions targeted at consolidating operations and driving efficiencies while maintaining ability to deliver OEM customer programs on schedule. Included in these efforts is the sale of non-core assets that unlock invested capital without disrupting delivery of OEM customer programs.

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June 1, 2016
board membersfinancialmergerstock market

Westport Completes Merger with Fuel Systems

Combination creates innovative, global leader in alternative fuel, engine and vehicle sector

Westport completes merger between Westport and Fuel Systems Solutions. Shareholders of both companies approved the merger at separate special meetings of shareholders. As previously announced, Fuel Systems shareholders will receive 2.4755 Westport common shares for each share of Fuel Systems common stock owned. Fuel Systems shares will no longer be listed on the Nasdaq Exchange or any other securities exchange.

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May 26, 2016
financialmergerstock market

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
financial

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
financial

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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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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