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Westport Fuel Systems Inc T.WPRT

Alternate Symbol(s):  WPRT

Industrials
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

Westport Fuel Systems Inc
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Post by Betteryear2on Dec 19, 2023 4:38pm
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Post# 35792567

Westport Awarded Development Contract

Westport Awarded Development ContractVANCOUVER, BC, Dec. 19, 2023 /PRNewswire/ - Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX: WPRT) (NASDAQ: WPRT), a leading supplier of advanced alternative fuel systems and components for the global transportation industry, today announced that it has been awarded a development program by a global heavy truck manufacturer to adapt its Next Generation LNG HPDI™ fuel system to meet the Euro 7 emissions requirements for heavy-duty vehicle applications. The value of the development program is estimated to be USD$33 million and will be funded by the original equipment manufacturer (OEM). Work on the program is already underway with a targeted launch of the new LNG and liquified biomethane fueled product within a few years.

Westport Awarded Development Contract with a Global Heavy Truck Manufacturer to Adapt and Commercialize Next Gen LNG HPDI™ Fuel System for the Euro 7 Vehicle Platform (prnewswire.com)
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