An anonymous director reports
CESPIRA SIGNS AGREEMENT TO SUPPLY COMPONENTS FOR A CUSTOMER TRUCK TRIAL
Cespira, Westport Fuel Systems Inc.'s joint venture with the Volvo Group, has signed an agreement with and received full payment from a leading OEM (original equipment manufacturer) for Cespira's HPDI components to be utilized in a customer truck trial.
Cespira will deliver several hundred sets of a key component in support of the trial. The truck trial is designed to assess the market interest and viability of the direct injection system in certain heavy-duty trucking markets and is expected to form the basis upon which the OEM will determine whether to make a further investment to commercialize this system. It is also important to note that some of the other system components not supplied by Cespira and used during the trial have not been validated by Cespira. Further information regarding the trial is not disclosed for commercially sensitive reasons.
About Westport Fuel Systems Inc.
Westport is a technology and innovation company connecting synergistic technologies to power a cleaner tomorrow. As a leading supplier of affordable, alternative fuel, low-emissions transportation technologies, Westport designs, manufactures and supplies advanced components and systems that enable the transition from traditional fuels to cleaner energy solutions.
Westport's proven technologies support a wide range of clean fuels -- including natural gas, renewable natural gas and hydrogen -- empowering OEMs and commercial transportation industries to meet performance demands, regulatory requirements and climate targets in a cost-effective way. With decades of expertise and a commitment to engineering excellence, Westport is helping its partners achieve sustainability goals -- without compromising performance or cost-efficiency -- making clean, scalable transport solutions a reality.
Westport Fuel Systems is headquartered in Vancouver, Canada.
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