Welcome to our dedicated page for Westport Fuel Systems news (Ticker: WPRT), a resource for investors and traders seeking the latest updates and insights on Westport Fuel Systems stock.
Westport Fuel Systems Inc (WPRT) is a global leader in advanced alternative fuel technologies, delivering clean energy solutions for transportation sector decarbonization. This page provides investors and industry stakeholders with timely, verified updates on the company’s strategic initiatives and market developments.
Access the latest press releases, earnings reports, and announcements covering WPRT’s engineering innovations, OEM partnerships, and aftermarket solutions. Track progress in natural gas, hydrogen, and renewable fuel systems designed to reduce emissions across global transportation networks.
Key updates include product launches, regulatory milestones, joint ventures, and financial performance. Our curated news collection ensures you stay informed on WPRT’s role in advancing sustainable mobility while maintaining compliance with evolving environmental standards.
Bookmark this page for direct access to Westport Fuel Systems’ official communications and analysis of their clean energy technology roadmap. Regularly updated to provide a comprehensive view of the company’s contributions to low-carbon transportation solutions.
Westport Fuel Systems (WPRT) announced engine test results for its H₂ HPDI fuel system in collaboration with Scania AB. The tests demonstrated a peak Brake Thermal Efficiency of 51.5%, with NOx emissions comparable to standard diesel engines, meeting Euro VII standards. The fuel system is designed for existing engine architecture, facilitating a cost-effective transition to hydrogen fuel. The companies plan to complete initial testing soon, presenting hydrogen as a viable solution for heavy-duty vehicles, especially in areas lacking charging infrastructure.
Westport Fuel Systems Inc. (WPRT) announced it will release its third-quarter 2022 financial results on November 7, 2022, after market close. A conference call to discuss the results will take place on November 8, 2022, at 10:00 a.m. ET. Investors can join the call via dial-in or webcast. Westport specializes in advanced fuel delivery systems for clean fuels, contributing to environmental sustainability. The company operates globally, providing services to over 70 countries, focusing on performance and fuel efficiency in transportation.
Westport Fuel Systems (TSX: WPRT / Nasdaq: WPRT) announced the resignation of CFO Richard Orazietti for personal reasons, effective November 30, 2022. Orazietti, who has been instrumental in strengthening the company's financial position since 2019, expressed confidence in Westport's future. He is succeeded by William Larkin, a seasoned finance executive with prior experience at Westport. Larkin's deep industry knowledge is expected to aid the company in achieving its growth and profitability goals.
Westport Fuel Systems has launched its new H2 HPDI™ fuel system for heavy-duty vehicles in Brussels, aiming to meet EU decarbonisation goals. This system promises up to 20% more power, 15% more torque, and 10% higher efficiency compared to diesel, with near-zero CO2 emissions. It allows for continuity with existing technologies and offers a cost-effective solution for CO2 abatement.
CEO David Johnson stated that this innovation supports the EU's 2030 climate targets, positioning Westport as a leader in hydrogen mobility.
Westport Fuel Systems introduces its new H2 HPDI fuel system at IAA Transportation 2022 in Germany, showcasing enhanced performance for heavy-duty trucks. The system provides up to 20% more power and 18% more torque than diesel, with Near Zero CO2 emissions. Designed to utilize existing diesel engine architecture, this innovative solution aligns with the EU's 2050 carbon neutrality goals. It enables manufacturers to achieve significant emissions reductions while leveraging current investments in vehicle drivetrain technology.
Westport Fuel Systems has released its 2021 Environmental, Social and Governance (ESG) Report, highlighting key achievements in sustainability. The report emphasizes the company's dedication to reducing its carbon footprint and enhancing operational health and safety. Westport has formed an ESG Steering Committee and achieved 44% female representation on the Board, surpassing its 30% target. Additionally, the company decreased reportable injuries by 50% and increased its workforce by 35%. Their HPDI technology continues to advance, aiming for significant CO2 reductions in freight transport.
Westport Fuel Systems reported Q2 2022 revenue of $80.0 million, a 1% increase year-over-year, mainly attributed to its fuel storage business acquisition and higher hydrogen sales. However, the company incurred a net loss of $11.6 million, down from a profit of $17.2 million in Q2 2021, influenced by previous one-time gains and lower gross margins due to rising material costs and decreased sales to Russian clients amid the conflict. Cash reserves stood at $98.2 million, and an LPG supply agreement is expected to generate €38 million through 2025.
Westport Fuel Systems Inc. (WPRT) will release its second quarter 2022 financial results on August 8, 2022, post-market close. A conference call to discuss the results and corporate developments is scheduled for August 9, 2022, at 10:00 a.m. ET. Investors can access the call by dialing 1-604-638-5340 or 1-800-319-4610 toll-free. The webcast will be available on the company's investor website. Westport Fuel Systems specializes in advanced fuel delivery systems for low-carbon fuels, addressing climate change and urban air quality challenges.
Westport Fuel Systems has secured a contract to develop liquefied petroleum gas (LPG) systems for a global OEM, projected to generate €38 million in revenue by 2025. Production is set to commence in Q4 2023, focusing on Euro 6 applications. The company aims to advance alternative fuel adoption across vehicle classes while striving to meet future Euro 7 regulations. According to CEO David M. Johnson, this initiative supports energy security and sustainable transportation, as LPG is a clean-burning and cost-effective alternative fuel.
Westport Fuel Systems announced that CEO David Johnson and VP Scott Baker will participate in a Fireside Chat with analysts from Water Tower Research on May 20, 2022, at 11:00 AM ET. The discussion will be focused on Westport's new Hydrogen HPDI fuel system, aimed at providing cleaner, low-carbon solutions for the automotive sector. Interested participants can register for the webcast via Westport’s investor website. Westport Fuel Systems is a leader in innovation for clean fuels, enhancing fuel efficiency while addressing climate change.
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