News Tagged with Financial

April 14, 2010

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Warrant Exercise Generates $8.4 million in Cash for Westport

Technology Partnerships Canada Program Successfully Delivers Financial Returns to Government of Canada

Westport announced that 790,614 warrants previously issued to Industry Canada, a department of the Government of Canada, have been exercised at a price of $10.65 per warrant generating $8.4 million in cash for the company.

March 25, 2010

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Westport Announces the First Global Carbon Finance Program for Transportation Registered to the Voluntary Carbon Standard

Westport, in collaboration with Grütter Consulting, has launched a the Westport Carbon Project, program to monetize the carbon emission reductions associated with Cummins Westport (CWI) and Westport HD natural gas engines.

February 11, 2010

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Westport Reports Third Quarter FY 2010 Financial Results

24% Increase in Year Over Year Revenue

Westport reported financial results for the third quarter of fiscal 2010 ended December 31, 2009, and provided an update on operations. All figures are in Canadian dollars based on Canadian GAAP unless otherwise stated.

February 4, 2010

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Westport Announces Fiscal 2010 Third Quarter Conference Call for Thursday, February 11, 2010

Westport will disclose its third quarter fiscal year 2010 financial results on Thursday, February 11, 2010 after market close.

December 17, 2009

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Westport Innovations Inc. Closes Offering of Common Shares

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.

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