CWI announced that Kenworth Truck Company is expanding its industry-leading product line with the introduction of the Cummins Westport ISL G natural gas engine for the Kenworth T800 short hood and W900S models.
Westport announce the exercise in full of the underwriters' option to purchase an additional 712,500 common shares at a price of US$10.50 in connection with its previously announced offering of common shares in the United States and Canada. With the exercise of the option, under the offering, Westport issued a total of 5,462,500 common shares at a price of US$10.50 per share, for gross proceeds of approximately US$57.4 million.
Westport announced the pricing of its offering of common shares in the United States and Canada. Westport will offer 4,750,000 common shares at a price of US$10.50 per share, for gross proceeds of US$49.9 million.
Westport is offering to sell, subject to market and other conditions, its common shares in the United States and Canada pursuant to a preliminary prospectus supplement to its base shelf prospectus dated July 28, 2009.
Volvo has entered into an agreement with Westport as a Tier 1 Development Supplier for its heavy duty natural gas engines and associated supply chain.
Westport reported financial results for the second quarter of fiscal 2010 ended September 30, 2009, and provided an update on operations.
Westport will publish its second quarter fiscal year 2010 financial results on Thursday, November 12, 2009 after market close.
Westport has been ranked first on Corporate Knights Cleantech 10™ list. The Corporate Knights Cleantech 10™ and Next 10 represent Canada’s best publicly and privately held companies in the cleantech realm, and span a range of sectors from global positioning systems to smart grids to solar technology.
Peterbilt Motors Company is taking immediate orders for the production of its vocational and aerodynamic vehicles powered by compressed and liquefied natural gas (NG). The Model 365 and Model 384 will be offered with the Cummins Westport ISL G and built at Peterbilt’s truck manufacturing facility in Denton, Texas.
The US Department of Energy’s (DOE) Clean Cities program to reduce petroleum consumption in the transportation sector has awarded $300 million funding for 25 cost-share projects across the US that will deploy more than 9,000 alternative fuel and energy efficient vehicles and build 542 new refueling stations.
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