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Westport Fuel Systems Inc T.WPRT

Alternate Symbol(s):  WPRT

Westport Fuel Systems Inc. is a global company focused on engineering, manufacturing, and supplying alternative fuel systems and components for transportation applications. Its segments include Light-Duty, High-Pressure Controls & Systems, Heavy-Duty OEM, Corporate, and HPDI joint venture (JV). Light-Duty segment manufactures liquified petroleum gas (LPG) and compressed natural gas (CNG) fuel storage solutions and supplies fuel storage tanks to the aftermarket, original equipment manufacturer (OEM), and other market segments across a range of brands. High Pressure Controls & Systems segment designs, develops, produces and sells components for transportation and industrial applications. Heavy-Duty OEM segment provides transitional services. The HPDI JV sells systems and components, including LNG HPDI 2.0 fuel system products, to engine OEMs and commercial vehicle OEMs. Its fuel systems and associated components control the pressure and flow of alternative fuels.


TSX:WPRT - Post by User

Bullboard Posts
Post by midardon May 27, 2020 8:45am
237 Views
Post# 31076924

Westport awarded Gastec tender for 6,300 CNG systems

Westport awarded Gastec tender for 6,300 CNG systems

 

Westport awarded Gastec tender for 6,300 CNG systems

 

2020-05-26 17:30 ET - News Release

 

Mr. Massimiliano Fissore reports

WESTPORT FUEL SYSTEMS AWARDED GASTEC TENDER

Westport Fuel Systems Inc. has been awarded a competitive tender bid by the Egyptian International Gas Technology Company (Gastec) to supply 6,300 compressed natural gas (CNG) sequential injection fuel systems into the growing Egyptian market in 2020.

"This tender is evidence of the quality and performance of BRC's sequential injection fuel system in a highly competitive market," said Massimiliano Fissore, executive vice-president, transportation, at Westport Fuel Systems. "We are pleased to be Gastec's preferred partner to support the expansion of the CNG vehicle market in Egypt, one of the world's most promising alternative fuel markets."

Gastec owns the largest network of CNG stations and conversion centres in Egypt. Among the six natural gas vehicle companies in Egypt, it is consistently ranked first in terms of gas sales by volume and the number of vehicles converted annually. In August, 2019, Egypt's Minister of Petroleum and Mineral Resources announced an integrated action plan to expand the use of natural gas for transportation and to incentivize drivers to convert their vehicles with a goal to convert 50,000 cars annually.

About Westport Fuel Systems Inc.

At Westport Fuel Systems, it is driving innovation to power a cleaner tomorrow. It is a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels, such as natural gas, renewable natural gas, propane and hydrogen, to the global automotive industry. Its technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America and South America, the company serves customers in more than 70 countries with leading global transportation brands.

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