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published: June 26, 2012
LOUISVILLE, KY – Westport Innovations Inc. (TSX:WPT/NASDAQ:WPRT), the global leader in natural gas engines, today announced the official grand opening of the Westport Kentucky Integration Center (WKIC). Home to the new Westport™ WiNG Power System assembly center, this new facility is capable of installing up to 20,000 systems per year.
“Louisville was a natural choice for the location of our newest Westport facility,” said Douglas Mann, Director of Manufacturing, Westport LD. “Westport has had a warm welcome from the state and the community, and we’re very pleased to be supporting economic growth and establishing new jobs and technologies in the region.”
As a Ford Qualified Vehicle Modifier (QVM), Westport LD has developed an advanced, fully integrated, bi-fuel system that meets or exceeds original equipment manufacturing (OEM) standards. The WiNG Power System is designed, built, installed and delivered Key-Ready™ to customers through Westport LD authorized Ford dealers/distributors. The Ford vehicle warranty remains intact and the additional components are warranted by Westport LD to the same levels.
The Westport Kentucky Integration Center has an ideal location across the street from the Ford Motor Company Kentucky Truck Plant. The WiNG Power System powered Ford trucks are a ship-through OEM product: the trucks are taken directly from the Ford Plant to WKIC where the natural gas fuel system is installed. The trucks then head back to Ford and are delivered using the Ford transportation system Key-Ready™ to Ford dealerships.
“Westport is a global leader in fuel technologies, and we’re proud to have a company of its caliber here in the Commonwealth,” said Kentucky Governor Steve Beshear. “The automotive industry is thriving here in the Bluegrass, and the addition of Westport only strengthens that ever-growing industry.”
Westport has been approved for tax incentives of up to $750,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments.
“It is important that our companies are flexible and innovative in order to be competitive on a global level, and Westport LD has done just that with working with Ford to fit their vehicles with their natural gas fuel systems,” said Ted Smith, director of the city’s Department of Economic Growth and Innovation. “Congratulations on your jobs and investment in Louisville, and we look forward to working together in the future.”
To establish the Center, Westport has invested significantly in both infrastructure, through renovating a previously vacant building, and product training and skill development for its 40 new employees. Westport LD also employs another 60 people in its Plymouth, Michigan technical center as part of its global operations.
High definition, 720p B-roll video of the facility is available for download and use from the Westport WiNG Video Library.
At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are inventors, engineers, manufacturers and suppliers of advanced clean fuel systems and components that can change the way the world moves. Our technology delivers performance, fuel efficiency and environmental benefits to address the challenges of global climate change and urban air quality. Headquartered in Vancouver, Canada, we serve our customers in more than 70 countries with leading global transportation brands. At Westport Fuel Systems, we think ahead. For more information, visit www.wfsinc.com.
This document contains forward-looking statements, including statements regarding the demand for our products, the future success of our business and technology strategies, investment, cash and capital requirements, intentions of partners and potential customers, the performance and competitiveness of our products and expansion of product coverage, future market opportunities, speed of adoption of natural gas for transportation, growth in demand as a result of new emission standards and terms of future agreements. These statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties and are based on assumptions that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activities, performance or achievements expressed in or implied by these forward looking statements. These risks and assumptions include risks and assumptions related to our revenue growth, operating results, industry and products, the general economy, conditions of and access to the capital and debt markets, governmental policies and regulation, technology innovations, fluctuations in foreign exchange rates, global government stimulus packages, the acceptance of natural gas vehicles in fleet markets, the relaxation or waiver of fuel emission standards, the inability of fleets to access capital or government funding to purchase natural gas vehicles, the sufficiency of bio methane for use in our vehicles, the development of competing technologies as well as other risk factors and assumptions that may affect our actual results, performance or achievements or financial position discussed in our most recent Annual Information Form and other filings with securities regulators. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they were made. We disclaim any obligation to publicly update or revise such statements to reflect any change in our expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward looking statements except as required by National Instrument 51-102.