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News Releases (2012)

June 5, 2012

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Westport and Caterpillar Announce Agreement to Develop Natural Gas Technology for Off-Road Equipment

The two companies are positioned to be the first to offer Westport™ HPDI technology in the high horsepower off-road market; initial focus on mining trucks and locomotives; Video Link for Caterpillar, EMD and Westport Executive Statements Included in Press Release

May 21, 2012

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Where in the World is Westport™ WiNG? Driving on CNG from Plymouth to NYC over Four Days

Driving entirely on compressed natural gas (CNG), a team from Westport Innovations will make the 700 mile drive from Plymouth, MI to NYC in the brand new Westport™ WiNG powered bi-fuel Ford F-250 Super Duty truck.

May 18, 2012

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Volvo Trucks Unveils 13 Liter Natural Gas Engine for North American Market with Westport™ HPDI Technology

Volvo Trucks today unveiled its plans to launch a 13 liter heavy-duty natural gas engine featuring Westport™ high pressure direct injection (HPDI) technology. The product is scheduled to launch for the North American market in 2014.

May 16, 2012

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Westport Announces New Product Enhancements on its Flagship HD15L LNG Engine for Class 8 Trucking

Westport announces a broad range of product enhancements to meet customer needs in its best-in-class solution for natural gas Class 8 trucks, including higher horsepower & torque, Eaton Ultrashift Plus AMT, heavy front end and emissions aftertreatment improvements.

March 13, 2012

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China's First Engine with Westport™ HPDI Technology Unveiled during China National People's Congress

China's first natural gas engine featuring Westport high pressure direct injection (HPDI) technology at a press conference at the government building in Beijing, the Beijing Diaoyutai State Guesthouse. The innovative technological achievement and product introduction is the result of China's first joint venture for HPDI natural gas engines—Weichai Westport Inc.—and fills a gap in the natural gas engine market for heavy-duty trucks.

March 6, 2012

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Westport Announces Intention to Acquire Certain Assets of Advanced Engine Components Limited of Australia

Westport has entered into a business sale agreement to purchase certain assets of Advanced Engine Components Limited (AEC) of Perth, Western Australia, for A$1.45 million (approximately US$1.6 million) to be paid in cash and assumed liabilities. Upon successful completion of the transaction, Westport will acquire AEC's Australian business assets including its intellectual property, key contracts, inventory and fixed assets.

March 6, 2012

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Westport WiNG™ Power Systems for Ford F-250 and 350 Series Rolls Out at NTEA Show in Indianapolis

Filling up is about to get a whole lot less expensive for buyers of the new Westport WiNG™ Power System: A fully-integrated, CNG bi-fuel system, will be available for order on Ford F-250 and F-350 pick-up trucks through authorized Ford dealer/distributors on or about March 19th. Interested customers and dealers can go to the http://www.wingpowersystem.com website today for further information.

February 27, 2012

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Westport Closes Offering of Common Shares and Announces Underwriters' Exercise of Over-Allotment Option

Westport announces the closing of its previously announced offering of common shares in the United States and Canada, including the exercise in full of the underwriters' option to purchase an additional 825,000 common shares at the offering price of US$43.25 per share. With the exercise of the option, Westport issued a total of 6,325,000 common shares under the offering for gross proceeds of US$273,556,250.

February 27, 2012

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Westport and Leading Engine OEM to Develop Heavy-Duty Natural Gas Truck Engine for North American Market

Development Program Targets Rapidly Growing LNG Truck Opportunity in North America

Westport has signed a development agreement with a leading global engine manufacturer to develop a heavy-duty truck engine featuring Westport proprietary high pressure direct injection (HPDI) technology for the North American market. For competitive reasons, product details have been withheld.

February 21, 2012

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Westport Innovations Inc. Offers Common Shares

Westport is offering to sell, subject to market and other conditions, 5,000,000 of its common shares in the United States and Canada pursuant to a preliminary prospectus supplement to its base shelf prospectus originally dated January 3, 2012. Copies of the U.S. preliminary prospectus supplement can be accessed through the SEC's website at www.sec.gov, and copies of the Canadian preliminary prospectus supplement are available at www.sedar.com.