VANCOUVER, British Columbia, July 28, 2017 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport Fuel
Systems”) (TSX:WPRT) (Nasdaq:WPRT) announced today the exercise of the underwriters' option from its previously announced
offering (the “Offering”) to purchase an additional 2,425,000 common shares at the Offering price of US$1.50 per
share. With the exercise of the option, Westport issued a total of 19,125,000 common shares under the offering for gross proceeds
of US$28,687,500. Following the Offering, Westport Fuel Systems has approximately 130,330,022 shares outstanding. No common shares
were sold or offered in Canada or to any resident of Canada pursuant to the Offering.
Oppenheimer & Co. Inc. acted as the sole book-running manager for the Offering. Craig-Hallum Capital Group LLC acted as the
co-lead manager. Lake Street Capital Markets served as financial advisor to Westport Fuel Systems. The common shares issued under
the Offering have been listed on The NASDAQ Global Select Market and the Toronto Stock Exchange.
Copies of the United States final prospectus supplement can be accessed through the U.S. Securities and Exchange Commission (the
"SEC") website at www.sec.gov or from Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 85 Broad
Street, 26th Floor, New York, New York 10004, by telephone at 212-667-8563, or by e-mail at EquityProspectus@opco.com, and copies of the Canadian prospectus supplement are available at
www.sedar.com.
In connection with the Offering, Westport Fuel Systems relied upon an exemption for interlisted issuers contained in section
602.1 of the TSX Company Manual which permits the TSX to not apply its standards to Westport Fuel Systems, as an eligible
interlisted issuer, in reliance on evidence that a recognized exchange or relevant regulator has accepted the Offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of
the common shares of Westport Fuel Systems in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such jurisdiction.
About Westport Fuel Systems
At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are inventors, engineers, manufacturers and
suppliers of advanced clean-burning fuel systems and components that can change the way the world moves. Our technology delivers
performance, fuel efficiency and environmental benefits to address the challenges of global climate change and urban air quality.
Headquartered in Vancouver, Canada, we serve our customers in more than 70 countries with leading global transportation brands. At
Westport Fuel Systems, we think ahead. For more information, visit www.wfsinc.com.
Investor Inquiries: Caroline Sawamoto Manager, Investor Relations & Communications Westport Fuel Systems T: +1 604-718-2046 invest@wfsinc.com
