Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ] Form 40-F [ ]
On October 15, 2026, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
(c) Exhibit 99.1. Press release dated October 15, 2026
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
EXHIBIT
99.1

Westport
Rebrands as Aetherion Technologies, Focused on Accelerating Proven Solutions for
Heavy-Duty Clean Transport
New
identity highlights growing demand for high-performance, commercially ready solutions to
support affordable decarbonization across global fleets
VANCOUVER, British Columbia, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems
Inc. (“Westport" or the “company”) (TSX:WPRT / Nasdaq: WPRT), today announced that it has changed its name to Aetherion
Technologies Inc. (“Aetherion”). The new name reflects the company’s sharpened focus on delivering proven, commercially
ready technologies that enable affordable, lower-emission heavy-duty transportation.
Heavy-duty
engines move the food, medicine, construction materials and goods that keep life in motion.
For more than a century, diesel has powered that work because it is powerful, proven and
ubiquitous, but it is also difficult to affordably decarbonize. Aetherion's systems deliver
diesel-grade performance and economics on cleaner fuels, giving fleets a practical path to
lower emissions by leveraging their existing engine platforms. In many cases, lower-cost
alternative fuels can also reduce operating costs compared with diesel.
Aetherion’s
new identity builds on the fundamental concepts on which Professor Philip Hill co-founded
Westport in 1995 and invented HPDI fuel system technology: keep the diesel engine that
has moved the world for decades, but change the fuel so it runs cleaner.
The
name Aetherion reinforces that mission. Drawing on two Greek roots—aithēr, the
clean air of the upper sky, and ion, meaning motion or energy—to reflect what the company
delivers: cleaner power for the engines that move the world. It signals a return to the founders’
original vision and underscores Aetherion’s commitment to practical, scalable solutions
that help fleets transition to lower‑emission fuels insulated from oil‑driven
price shocks.
Aetherion’s
portfolio includes a majority ownership interest in Cespira, a joint venture with Volvo
Group focused on the HPDI fuel system technology, as well as wholly owned high-pressure compressed
natural gas (CNG) fuel storage system, high-pressure systems and components and control technologies.
Together, these technologies support natural gas, renewable natural gas which includes biogas
and bioLNG (RNG) and hydrogen applications, enabling original equipment manufacturers (OEMs)
and commercial fleets to cost effectively meet performance requirements, evolving regulatory
obligations and climate targets. Market drivers for Aetherion's solutions include rising
demand for cost‑effective long‑haul alternatives, tightening emissions standards
and broader adoption of practical, lower‑emission fuels.
“Aetherion
represents both our origin and our future,” said Dan Sceli, CEO. “Fleets and
OEMs need technologies that preserve the performance they're accustomed to, at a lower cost,
while helping them meet increasingly complex regulatory and climate objectives. Our new identity
underscores the mission that guides our work: delivering proven, scalable systems that make
cleaner transportation achievable today and sustainable for the long term. To us, Aetherion
suggests cleaner air, forward motion and the energy driving change in heavy-duty transportation.
While our name is changing, our dedication to our customers, partners and shareholders remains
steadfast.”
Cespira’s
HPDI Technology Anchors Aetherion’s Heavy‑Duty Strategy
Aetherion’s
interest in Cespira is a strategic asset that combines proven commercial traction with multiple
pathways to long-term value creation. HPDI fuel systems, Cespira’s proprietary technology,
is a mature, commercially validated technology, operating in more than 12,000 trucks worldwide.
It addresses a central industry challenge: reducing emissions without compromising performance
or economics, and delivers one of the lowest total costs of ownership among heavy-duty and
high-horsepower powertrain options. Cespira is progressing toward profitability and self-sufficiency,
reporting revenue of $27.1 million in the second quarter of 2026, a 125% increase from the
same period last year, reflecting accelerating fleet adoption and expanding geographic reach.
HPDI
fuel systems deliver diesel-grade performance with strong total-cost-of-ownership economics
and can reduce greenhouse gas emissions by 20% and up to 100% using bioLNG, Hydrogen and
HVO. In addition to its established liquified natural gas (LNG) and bioLNG applications,
HPDI can expand through additional OEM adoption, CNG and RNG applications in North America,
and hydrogen-fueled solutions that offer an affordable, scalable pathway to deeper decarbonization.
Together, these opportunities broaden the addressable market and create demand for complementary
high-pressure gaseous fuels storage and supply solutions within Aetherion’s product
portfolio.
Implementation
and Trading Details
The new brand brings the company’s identity into closer
alignment with its technology portfolio, market opportunities and long-term direction, but
will have no impact on operations, ownership or commitments to customers, partners, employees
and shareholders.
The
company expects its common shares to begin trading as Aetherion Technologies Inc. on the
Toronto Stock Exchange and Nasdaq on or about October 23, 2026, under the ticker symbols
AETR, respectively, subject to final exchange approvals. Until such time, trading will continue
under the ticker symbol WPRT. The company’s CUSIP and ISIN numbers will change in connection
with the name change. Shareholders are not required to take any action, and existing share
certificates will continue to represent shares of the renamed company.
For
more information on Aetherion, visit www.aetheriontech.com.
About
Aetherion Technologies
Aetherion Technologies Inc. is a global clean transportation
technology company delivering proven, commercially ready solutions that help fleets and original
equipment manufacturers (OEMs) improve performance, efficiency and energy flexibility. Built
on decades of engineering expertise, Aetherion develops advanced fuel delivery, storage and
control technologies for heavy-duty mobility applications. Its proven technologies support
a wide range of alternative fuels—including natural gas, renewable natural gas and
hydrogen—empowering OEMs and commercial transportation fleets to meet demanding performance
standards, evolving regulatory requirements and climate objectives in a cost-effective way.
Through its portfolio of differentiated technologies and strategic partnerships, Aetherion
is accelerating practical, scalable pathways to affordable, lower-emission transportation
worldwide. Aetherion is headquartered in Vancouver, Canada. For more information, visit www.aetheriontech.com.
Cautionary
Note Regarding Forward-Looking Statements
This press release contains forward-looking
statements, including statements regarding the commencement of trading under the new name
and ticker symbols, the launch of the company’s new website, the company’s strategic
direction and the anticipated benefits of its technologies and partnerships. Forward-looking
statements are based on management’s current expectations and assumptions and are subject
to known and unknown risks, uncertainties and other factors that may cause actual results,
performance or achievements to differ materially from those expressed or implied by such
forward-looking statements. These risks, uncertainties and assumptions include, among others:
the ability of Aetherion and its partners to successfully develop, integrate, validate, and
certify HPDI technology on expected timelines or at all; competitive technologies and products;
general economic and market conditions; regulatory processes and timelines as well as other
risk factors, uncertainties and assumptions that may affect our actual results, performance,
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 these forward looking statements except as required by National Instrument 51-102. The
contents of any website, RSS feed or twitter account referenced in this press release are
not incorporated by reference herein.
Contact
Information
Aetherion Technologies Investor Relations
T: +1 604-718-2046
Caption
Aetherion
Technologies’ new identity reflects the company’s sharpened focus on delivering
proven, commercially ready solutions for affordable, lower-emission heavy-duty transportation.
A
photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/86fcc502-5911-49a6-9a47-1ea5b28436d7