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Stock impact report

Westport Awarded Program to Supply Euro 7 LPG Fuel Systems to Global OEM [Financial Post (Toronto, Ontario, Canada)]

Westport Fuel Systems Inc - Common Shares (WPRT) 
Last westport fuel systems inc - common shares earnings: 3/17 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: wfsinc.com/investors/corporate-overview
Company Research Source: Financial Post
the “Company”) (TSX:WPRT / Nasdaq: WPRT), a global leader in low-emissions alternative fuel transportation technologies, announced today that it has been awarded a program to develop and supply liquefied petroleum gas (LPG) systems to a global original equipment manufacturer (OEM) to accommodate a number of its Euro 7 vehicle platforms. The deal is forecasted to generate €40 million in annual revenue with production expected to begin in Q1 2025. Driving alternative fuel technology adoption from light-duty to heavy-duty applications is a keystone of Westport's OEM technology supply strategy. Earlier this year, Westport was awarded a €38 million program to support this same OEM with LPG system solutions for its Euro 6 vehicle applications. In this new program, Westport will provide fuel systems solutions for the OEM's Euro 7 applications, supplying the entire LPG system from the fuel tank to the fuel injectors. “We are pleased to continue supplying this industry-leading OEM by suppo Show less Read more
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