~ Grocery Retailer Announces Program at ACT Expo ~
VANCOUVER, May 6, 2014 /CNW/ - Westport Innovations Inc. (TSX:WPT /
NASDAQ:WPRT), engineering the world's most advanced natural gas engines
and vehicles, today announced it is working in cooperation with Kroger,
one of the world's largest retailers with over 2,600 supermarkets in
the US, to meet their industry-leading environmental sustainability
goals.
"The Kroger Company has a strong commitment to finding energy efficient
solutions for business operations, and to reducing our carbon
footprint," says Ashley White, Logistics Sustainability Manager at The
Kroger Co. "Adopting liquefied natural gas for transportation with the
Westport iCE PACK™ LNG Tank System makes both environmental and
economic sense."
Kroger has placed an order for 40 Westport iCE PACK systems to be
integrated onto their Freightliner natural gas trucks, which will also
feature the Cummins Westport ISX12 G engine. All 40 trucks will be
delivered to Kroger by the end of summer 2014 to support their
corporate goal to improve fleet efficiency by increasing miles per
gallon and load capacity. The supermarket chain is implementing their
first pilot program of the Westport iCE PACK systems at one of their
Los Angeles distribution centers.
"Westport iCE PACK™ provides Kroger's natural gas trucking fleet with a
cost-effective way to help meet their sustainability goals," said Mark
Aubry, Vice President, Sales and Marketing of Westport. "As one of our
first customers of iCE PACK, our latest technology for fleets running
on LNG, Kroger clearly demonstrates their leadership in identifying new
solutions that help continuously improve their fleet efficiency."
The Westport iCE PACK system is the leading LNG tank system for natural
gas trucking fleets that uses clean burning, domestic LNG which costs
an average of $1.50 per diesel gallon equivalent (DGE) less than
diesel. Utilizing Westport's most advanced technology, iCE PACK is the
only LNG tank system in North America that operates on cold or warm LNG
making it convenient for fleets to fuel at an increasing number of LNG
stations across North America. The use of cold LNG results in the
highest energy density fuel storage available for class 8 trucking with
the added benefit of diesel-like fueling experience for efficient
on-road trucking needs.
About Westport
Westport engineers the world's most advanced natural gas engines and
vehicles. More than that, we are fundamentally changing the way the
world travels the roads, rails and seas. We work with original
equipment manufacturers (OEMs) worldwide from design through to
production, creating products to meet the growing demand for vehicle
technology that will reduce both emissions and fuel costs. To learn
more about our business, visit westport.com, subscribe to our RSS feed, or follow us on Twitter @WestportDotCom. visit our website or subscribe to our RSS feed at www.westport.com, or follow us on Twitter @WestportDotCom.
Note: This document contains forward-looking statements.
Forward-looking information is typically identified by words such as
"anticipate", "estimate", "expect", "forecast", "may", "will", "could",
"plan", "intend", "should", "believe", "outlook", "project",
"potential", "target" and similar words suggesting future events or
future performance. In particular, this press release contains
forward-looking information which includes statements regarding the
timing and delivery of the iCE PACK systems and referenced Freightliner
trucks, demand for our products, the future success of our business
and technology strategies, intentions of partners and potential
customers, the performance and competitiveness of our products and
expansion of product coverage and future market opportunities. These
statements are neither promises nor guarantees, but involve known and
unknown risks and uncertainties and are based on assumptions that may
cause our actual results, levels of activity, performance or
achievements to be materially different from any future results, levels
of activities, performance or achievements expressed in or implied by
these forward looking statements. These risks and assumptions include
risks and assumptions related to our revenue growth, operating results,
industry and products, the general economy, conditions of and access to
the capital and debt markets, governmental policies and regulation,
technology innovations, fluctuations in foreign exchange rates, the
availability and price of natural gas, global government stimulus
packages, the acceptance of and shift to natural gas vehicles in fleet
markets, the development of competing technologies as well as other
risk factors and assumptions that may affect our actual results,
performance or achievements or financial position discussed in our most
recent Annual Information Form and other filings with securities
regulators. Readers should not place undue reliance on any such
forward-looking statements, which speak only as of the date they were
made. We disclaim any obligation to publicly update or revise such
statements to reflect any change in our expectations or in events,
conditions or circumstances on which any such statements may be based,
or that may affect the likelihood that actual results will differ from
those set forth in the forward- looking statements except as required
by National Instrument 51-102. The contents of any website, RSS feed
or Twitter account referenced in this press release are not
incorporated by reference herein
SOURCE Westport Innovations Inc.
