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News Tagged with "Financial"

January 11, 2016

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Westport Signs Investment Agreement with Cartesian Capital Group for up to $71.3 Million in Financing

Global private equity firm, with a strong presence in Asia and Europe, invests in Westport and the future of natural gas engines

Westport has entered into an agreement with Cartesian Capital Group of New York, for up to $71.3 million in financing to support global growth initiatives. As part of the financing agreement, Peter Yu, Managing Partner and Founder of Cartesian, will be appointed to Westport's Board of Directors.

December 9, 2015

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Westport and Gas Technology Institute Awarded $900,000 to Advance Natural Gas Combustion Technology

Westport and the Gas Technology Institute have been awarded US$900,000 towards a program to advance state-of-the-art natural gas combustion technology. The work will feature Westport™ enhanced spark ignited (ESI) natural gas engine technology and demonstrate "High Frequency Corona Discharge Ignition" on an OEM partner's engine.

November 10, 2015

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Westport Reports Third Quarter Fiscal 2015 Financial Results

Westport Consolidated Adjusted EBITDA Improved 56% Over Prior Year

Westport reports financial results for the third quarter ended September 30, 2015 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

November 3, 2015

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Westport Announces Third Quarter Fiscal 2015 Conference Call for Tuesday, November 10, 2015

To coincide with the disclosure, Westport has also scheduled a conference call for Tuesday, November 10, 2015 at 2:00 pm Pacific Time (5:00 pm Eastern Time).

October 16, 2015

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Westport Appoints KPMG As Auditor

Westport Innovations Inc. announced today the appointment of KPMG LLP ("KPMG") as its auditors, replacing Deloitte LLP (“Deloitte”).

September 1, 2015

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Westport and Fuel Systems Solutions Announce Intention to Merge

Compelling Merger Creates Scale and Combines Complementary Technologies, Development Focus, and Global Customer and Product Mix

Westport Innovations Inc. (TSX: WPT / NASDAQ: WPRT), and Fuel Systems Solutions Inc. (NASDAQ: FSYS), jointly announce that the companies have entered into a merger agreement to create a premier alternative fuel vehicle and engine company.

July 29, 2015

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Westport Reports Second Quarter and Fiscal 2015 Financial Results

Westport Consolidated Adjusted EBITDA Improved 54% Over Prior Year, Westport Reiterates Revenue Outlook For 2015

Westport reports financial results for the second quarter ended June 30, 2015 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

July 22, 2015

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Westport Announces Second Quarter Fiscal 2015 Conference Call for Wednesday, July 29, 2015

Westport will disclose its financial results for the second quarter ended June 30, 2015 on Wednesday, July 29, 2015 after market close. To coincide with the disclosure, Westport has also scheduled a conference call for Wednesday, July 29, 2015 at 2:00 pm Pacific Time (5:00 pm Eastern Time).

July 9, 2015

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Westport Completes HPDI Technology Program with Daimler AG

Westport HPDI 2.0 Meets Challenging Performance Targets

Westport has completed an engineering program with Daimler AG to develop and assess Westport High Pressure Direct Injection (HPDI) system for a Daimler heavy duty engine. The prototype HPDI engine met all technical targets resulting in a payment of 2.4 million Euro (approximately $2.7 million USD) by Daimler to Westport.

May 7, 2015

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Westport Reports First Quarter Fiscal 2015 Financial Results

Cash Used in Operations Drops More Than 70% Sequentially, Improved Profitability in Key Product Markets Despite Energy Price Volatility, Westport Reiterates Operations Revenue Outlook

Cash Used in Operations Drops More Than 70% Sequentially, Improved Profitability in Key Product Markets Despite Energy Price Volatility, Westport Reiterates Operations Revenue Outlook