VANCOUVER, British Columbia, Nov. 19, 2020 (GLOBE NEWSWIRE) — Cummins Westport Inc. (“CWI”) today announced changes to its Board of Directors and Management in accordance with the terms of the 50/50 Joint Venture Agreement between Cummins Inc. (NYSE:CMI) and Westport Fuel Systems Inc. (TSX:WPRT/NASDAQ:WPRT).  The changes take effect January 1, 2021.

Changes to the management team are:

Tom Hodek has been appointed President of CWI. Tom was Director of Sales and Marketing for CWI and previously led the development of the latest generation of CWI’s ISX12N, L9N and B6.7N engines.

Chad Mobley has been re-appointed as Controller of

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This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated November 9, 2020 to its final short form base shelf prospectus for the Province of Quebec and its amended and restated final short form base shelf prospectus for each of the Provinces of Canada except Quebec, each dated October 27, 2020.

VANCOUVER, British Columbia, Nov. 16, 2020 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport Fuel Systems” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) today announced a follow-on contract for new product development work with its current European-based original equipment manufacturer (“OEM”) partner to … Continue Reading

VANCOUVER, British Columbia, Nov. 09, 2020 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport” or “the Company”) announced today that the Company has established an at-the-market equity offering program (the “ATM Program”) that allows the Company to issue up to US$50 million (or the equivalent in Canadian dollars) of common shares (“Common Shares”)  from treasury to the public from time to time, at the Company’s discretion and subject to regulatory requirements. Any Common Shares sold through the ATM Program will be sold at prevailing market prices when issued (i) in ordinary brokers’ transactions on the Nasdaq Global Select Market (“Nasdaq”) … Continue Reading

VANCOUVER, British Columbia, Nov. 09, 2020 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport Fuel Systems” or “the Company“) (TSX:WPRT / Nasdaq:WPRT) reported financial results for the third quarter ended September 30, 2020 and provided an update on operations. All figures are in millions of U.S. dollars unless otherwise stated.

Key Results

Consolidated revenues for the quarter ended September 30, 2020 decreased by $10.0 million to $65.4 million, or 13% relative to the same period last year. Although sales decreased as a result of the impact of the COVID-19 pandemic and related plant closures during the second quarter, sales rebounded

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VANCOUVER, British Columbia, Oct. 27, 2020 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport Fuel Systems” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) today announced that it will disclose its financial results for the third quarter ended September 30, 2020 on Monday, November 9, 2020 after market close. To coincide with the disclosure, Westport Fuel Systems has also scheduled a conference call for Tuesday, November 10, 2020 at 10:30am Eastern Time (7:30am Pacific Time).

Live Conference Call & Webcast

The public is invited to listen to the conference call in real time by telephone or webcast. To access the conference call … Continue Reading

VANCOUVER, British Columbia, Sept. 23, 2020 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport Fuel Systems”) (TSX:WPRT / Nasdaq:WPRT) today issued a statement to clarify market news regarding its Weichai Westport Inc. (“WWI”) joint venture and WWI’s 12-liter engine equipped with the HPDI 2.0™ fuel system (“WP12HPDI”).

As previously disclosed, certification for the WP12HPDI engine has been obtained from the Ministry of Ecology and Environment (“MEE”) of the People’s Republic of China. This is an important step in the process of bringing HPDI 2.0 to the Chinese commercial vehicle market. The engine certification is required in order to complete vehicle … Continue Reading

VANCOUVER, British Columbia, Sept. 18, 2020 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport Fuel Systems”) (TSX:WPRT / Nasdaq:WPRT) today announced that its Weichai Westport Inc. (“WWI”) joint venture has received certification from the Ministry of Ecology and Environment of China (“MEE”) for its 12-liter engine equipped with the HPDI 2.0TM fuel system (“WP12HPDI”). WWI is now in a position to market and sell the heavy-duty natural gas engines with HPDI technology to various truck original equipment manufacturers (“OEMs”).  Weichai Power Co., Ltd’s (“Weichai Power”) 12-liter heavy-duty engine platform is the base engine for the WP12HPDI.

“Following the delays introduced … Continue Reading

VANCOUVER, British Columbia, Sept. 15, 2020 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport Fuel Systems” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) today announced that it has signed definitive agreements with its joint venture partner in India, UNO MINDA Group (“UNO MINDA” or the “Group”), to sell the assets of its wholly owned subsidiary Rohan BRC Gas Equipment Pvt. Ltd. to Minda Emer Technologies Ltd., a 50%/50% joint venture owned by Westport Fuel Systems and UNO MINDA.

Rohan BRC Gas Equipment primarily manufactures and sells compressed natural gas (“CNG”) pressure reducers to automotive original equipment manufacturers (“OEMs”) and sells CNG … Continue Reading

VANCOUVER, British Columbia, Aug. 31, 2020 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport Fuel Systems” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) today announced that it has been awarded a long-term agreement for the supply of electronic control units to a leading Tier One automotive supplier.

Westport Fuel Systems will manufacture and supply the electronic control units that will be integrated in the electric water pumps of two light-duty vehicle models of the counterparty automotive original equipment manufacturer (“OEM”) in Europe, starting in the first quarter of 2021. The electric coolant pump is the core component of the vehicle cooling … Continue Reading

VANCOUVER, British Columbia, Aug. 11, 2020 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport Fuel Systems” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) today announced that they have secured a €7 million loan from Deutsche Bank to improve liquidity during the COVID-19 pandemic and finance capital investments for long-term growth.

The six-year €7 million term loan was issued to Westport Fuel Systems’ Italian subsidiary, Emer S.p.A (“Emer”), under the Italian government’s Decreto Liquidità (“Liquidity Decree”), an enhanced framework of business support established to help manage the challenges of COVID-19. This loan provides Emer with improved liquidity for working capital, payroll, and … Continue Reading

VANCOUVER, British Columbia, Aug. 11, 2020 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport Fuel Systems” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) today released their inaugural Environmental, Social and Governance (“ESG”) Report outlining the Company’s progress and focus on strengthening ESG performance and enhanced disclosures. This ESG report follows our prior year Sustainability Report and will be a valuable tool for investors and stakeholders to review Westport Fuel Systems’ key material ESG topics, opportunities and performance.

“Westport Fuel Systems is a purpose-driven organization and our 2019 Report demonstrates our commitment to ESG programs and performance to drive sustainable growth” said … Continue Reading

VANCOUVER, British Columbia, Aug. 06, 2020 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport Fuel Systems”) (TSX:WPRT / Nasdaq:WPRT) reported financial results for the second quarter ended June 30, 2020 and provided an update on operations. All figures are in millions of U.S. dollars unless otherwise stated.

Key Results

Consolidated revenues for the quarter ended June 30, 2020 decreased by $46.4 million to $36.0 million, or 56% relative to the same period last year, mainly due to lower sales resulting from plant closures and reduced customer demand related to the COVID-19 pandemic. Consolidated revenues for the six months ended June

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