Westport Innovations

Westport Announces the Resignation of Chief Financial Officer Richard Orazietti and Appoints William Larkin as Successor

Retrieved on: 
Friday, September 30, 2022
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VANCOUVER, British Columbia, Sept. 30, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (Westport or the Company) (TSX: WPRT / Nasdaq: WPRT) today announced the resignation of its Chief Financial Officer (CFO), Richard Orazietti, for personal reasons.

Key Points: 
  • VANCOUVER, British Columbia, Sept. 30, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (Westport or the Company) (TSX: WPRT / Nasdaq: WPRT) today announced the resignation of its Chief Financial Officer (CFO), Richard Orazietti, for personal reasons.
  • On behalf of myself and the Board, I would like to thank Richard for his commitment and significant contributions to Westport, said David Johnson, Chief Executive Officer of Westport.
  • Since joining in 2019, Richard led Westport through a critical period and has positioned us for long-term success by strengthening our financial position.
  • William Larkin joins Westport in October 2022 and will work closely with Richard Orazietti to ensure a smooth transition.

Westport Fuel Systems Appoints New Director

Retrieved on: 
Tuesday, January 25, 2022
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VANCOUVER, British Columbia , Jan. 25, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (Westport Fuel Systems or the Company) (TSX:WPRT / Nasdaq:WPRT) today announced the appointment of Philip Hodge to the companys Board of Directors, effective January 25, 2022.

Key Points: 
  • VANCOUVER, British Columbia , Jan. 25, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (Westport Fuel Systems or the Company) (TSX:WPRT / Nasdaq:WPRT) today announced the appointment of Philip Hodge to the companys Board of Directors, effective January 25, 2022.
  • We are pleased to welcome Mr. Hodge to the Board of Directors at Westport Fuel Systems, said Daniel Hancock, Chair of the Board.
  • Westport Fuel Systems is driving innovation to power a cleaner tomorrow.
  • Westport Fuel Systems technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges.

Westport Fuel Systems to Announce Second Quarter 2021 Financial Results on Thursday, August 5th, 2021

Retrieved on: 
Thursday, July 22, 2021
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VANCOUVER, British Columbia, July 22, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (Westport Fuel Systems or the Company) (TSX/ Nasdaq: WPRT) will disclose its financial results for the second quarter of the fiscal year 2021 on Thursday, August 5th, 2021 after market close.

Key Points: 
  • VANCOUVER, British Columbia, July 22, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (Westport Fuel Systems or the Company) (TSX/ Nasdaq: WPRT) will disclose its financial results for the second quarter of the fiscal year 2021 on Thursday, August 5th, 2021 after market close.
  • Westport Fuel Systems has also scheduled a conference call for Friday, August 6th, 2021 at 10:00 am Eastern Time (7:00 am Pacific Time).
  • The live webcast of the conference call can be accessed through the Westport Fuel Systems website at https://investors.wfsinc.com/ .
  • Westport Fuel Systems technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges.

Westport Fuel Systems Announces Closing of Marketed Public Offering and Exercise of Over-Allotment Option

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Tuesday, June 8, 2021
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VANCOUVER, British Columbia, June 08, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX | Nasdaq: WPRT) (Westport Fuel Systems or the Company), a global leader in alternative fuel, low-emissions transportation technologies, today announced the closing of its previously-announced underwritten marketed publicoffering of common shares (Common Shares) inthe United StatesandCanadafor gross proceeds to the Company of US $115,115,000 (the "Offering").

Key Points: 
  • VANCOUVER, British Columbia, June 08, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX | Nasdaq: WPRT) (Westport Fuel Systems or the Company), a global leader in alternative fuel, low-emissions transportation technologies, today announced the closing of its previously-announced underwritten marketed publicoffering of common shares (Common Shares) inthe United StatesandCanadafor gross proceeds to the Company of US $115,115,000 (the "Offering").
  • The Company issued a total of 20,930,000 shares, including 2,730,000 shares following the exercise in full by the underwriters of their over-allotment option.
  • The shares were issued at a price to the public of US $5.50 per share.
  • Westport Fuel Systems is driving innovation to power a cleaner tomorrow.

Westport Fuel Systems Announces Pricing of Marketed Public Offering

Retrieved on: 
Thursday, June 3, 2021
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VANCOUVER, British Columbia, June 03, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX | Nasdaq: WPRT) (Westport Fuel Systems or the Company) today announced the pricing of its previously proposed underwritten marketed publicoffering of common shares inthe United Statesand Canada.

Key Points: 
  • VANCOUVER, British Columbia, June 03, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX | Nasdaq: WPRT) (Westport Fuel Systems or the Company) today announced the pricing of its previously proposed underwritten marketed publicoffering of common shares inthe United Statesand Canada.
  • The offering is comprised of 18,200,000 common shares at a price to the public of US $5.50 per share.
  • The option will be exercisable by the Underwriters for a period of 30 days following the closing of the Offering.
  • Westport Fuel Systems is driving innovation to power a cleaner tomorrow.

Westport Fuel Systems to Acquire Stako sp. z o.o., a World Leader in the Manufacturing of Liquified Petroleum Gas Fuel Storage

Retrieved on: 
Friday, May 28, 2021
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VANCOUVER, British Columbia, May 28, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX | Nasdaq: WPRT) (Westport Fuel Systems or the Company) today announced that it has reached an agreement to acquire Stako sp.

Key Points: 
  • VANCOUVER, British Columbia, May 28, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX | Nasdaq: WPRT) (Westport Fuel Systems or the Company) today announced that it has reached an agreement to acquire Stako sp.
  • z o.o., (Stako), the liquid petroleum gas fuel storage manufacturing subsidiary of Worthington Industries Inc. (Worthington) in a transaction valued at 5 Million.
  • The acquisition of Stako represents a fundamental step towards our ability to supply completely integrated fuel systems.
  • It is a world leader in the production of LPG fuel storage (toroidal and cylindrical) for automotive applications.

Westport Fuel Systems Announces Co-Investment Agreement with Tier One Injector Manufacturing Partner to Expand Manufacturing Footprint for HPDI 2.0 Injectors in China

Retrieved on: 
Thursday, March 18, 2021
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VANCOUVER, British Columbia, March 18, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (Westport Fuel Systems or the Company) (TSX:WPRT / Nasdaq:WPRT) today announced co-investment with its Tier 1 global injector manufacturing partner to expand their production facility in Yantai, China to supply jointly developed and proprietary fuel injectors to the growing global market for HPDI 2.0.

Key Points: 
  • VANCOUVER, British Columbia, March 18, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (Westport Fuel Systems or the Company) (TSX:WPRT / Nasdaq:WPRT) today announced co-investment with its Tier 1 global injector manufacturing partner to expand their production facility in Yantai, China to supply jointly developed and proprietary fuel injectors to the growing global market for HPDI 2.0.
  • Investment in the Yantai facility to expand manufacturing capacity responds to the growing global demand for clean, cost-effective heavy-duty trucks powered by HPDI 2.0, particularly in Europe and China.
  • The demand for Westports HPDI 2.0 fuel system is growing in Europe as is the availability of bioLNG, with many European countries now producing renewable gas.
  • Europe aims to be a carbon neutral continent by 2050 and China has pledged to be carbon neutral by 2060.

Westport Fuel Systems and Weichai Westport Agree to Modified Terms for the Supply of HPDI Systems

Retrieved on: 
Wednesday, March 17, 2021
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VANCOUVER, British Columbia, March 17, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (Westport Fuel Systems) (TSX/Nasdaq: WPRT) a global leader in alternative fuel, low-emissions transportation technologies, today announced its Weichai Westport Inc. (WWI) joint venture has agreed to amended terms for the existing technology development and supply agreements between WWI and Westport Fuel Systems.

Key Points: 
  • VANCOUVER, British Columbia, March 17, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (Westport Fuel Systems) (TSX/Nasdaq: WPRT) a global leader in alternative fuel, low-emissions transportation technologies, today announced its Weichai Westport Inc. (WWI) joint venture has agreed to amended terms for the existing technology development and supply agreements between WWI and Westport Fuel Systems.
  • The amendments modify the existing 2018 agreements between Westport Fuel Systems and WWI, and increases WWIs commitment to purchase Westport Fuel Systems flagship high pressure direct injection (HPDI 2.0) systems, while extending the time frame to allow WWI to complete this volume commitment.
  • Under the terms of the revised agreement, Westport Fuel Systems will supply to WWI its proprietary components for no less than 25,000 12-liter engines operating on the HPDI 2.0 fuel system (WP12HPDI) by December 31, 2024, a volume increase of 28% versus the previous agreement.
  • WWI is an affiliate of the Weichai Holding Group Co., Ltd.
    Westport Fuel Systems is driving innovation to power a cleaner tomorrow.

Westport Fuel Systems to Announce Fourth Quarter and Full Year 2020 Financial Results on Monday, March 15, 2021

Retrieved on: 
Monday, March 1, 2021
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VANCOUVER, British Columbia, March 01, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (Westport Fuel Systems or the Company) (TSX/ Nasdaq: WPRT) will disclose its financial results for the fourth quarter and fiscal year ended December 31, 2020 on Monday, March 15, 2021 after market close.

Key Points: 
  • VANCOUVER, British Columbia, March 01, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (Westport Fuel Systems or the Company) (TSX/ Nasdaq: WPRT) will disclose its financial results for the fourth quarter and fiscal year ended December 31, 2020 on Monday, March 15, 2021 after market close.
  • To coincide with the disclosure, Westport Fuel Systems has also scheduled a conference call for Tuesday March 16, 2021 at 10:30am Eastern Time (7:30am Pacific Time).
  • The live webcast of the conference call can be accessed through the Westport Fuel Systems website at https://investors.wfsinc.com/ .
  • The webcast will be archived on the Westport Fuel Systems website and replay will be available in streaming audio and a downloadable MP3 file.

Westport Fuel Systems and AVL Joint Paper Assesses Total Cost of Ownership for Hydrogen Internal Combustion Engines

Retrieved on: 
Thursday, February 25, 2021
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VANCOUVER, British Columbia, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (Westport Fuel Systems) (TSX/Nasdaq: WPRT) a global leader in alternative fuel, low-emissions transportation technologies today released a joint publication with AVL, the world's largest independent company for the development, simulation and testing of powertrain systems, entitled Total Cost of Ownership (TCO) Analysis for Heavy Duty Hydrogen Fueled Powertrains.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (Westport Fuel Systems) (TSX/Nasdaq: WPRT) a global leader in alternative fuel, low-emissions transportation technologies today released a joint publication with AVL, the world's largest independent company for the development, simulation and testing of powertrain systems, entitled Total Cost of Ownership (TCO) Analysis for Heavy Duty Hydrogen Fueled Powertrains.
  • The analysis presents the case for Hydrogen (H2) use in an internal combustion engine (ICE) with Westport Fuel Systems patented HPDI 2.0fuel system, as the most cost-competitive near-term pathway to reduce CO2 emissions to near-zero from on-road long-haul transportation.
  • The paper undertakes a comprehensive TCO analysis, applying inputs from Westport Fuel Systems HPDI hydrogen (H2-HPDI) simulations and HPDI 2.0 operating costs with AVLs existing TCO models for diesel and fuel cell powertrains.
  • The full text of the publication can be found on Westport Fuels Systems website here and on AVLs website here .