- Westport (WPRT) announced that it will develop and supply liquefied petroleum gas systems to a global original equipment manufacturer
- In this new program, Westport will provide fuel systems solutions for the OEM’s Euro 7 applications
- Westport provides high-performance, low-emission engine and fuel system technologies utilizing gaseous fuels
- Westport Fuel Systems Inc. (WPRT) is up 4.55 per cent, trading at C$1.265 per share at 1:20 pm ET
Westport (WPRT) announced that it will develop and supply liquefied petroleum gas systems to a global original equipment manufacturer.
In this new program, Westport will provide fuel systems solutions for the OEM’s Euro 7 applications. It will supply the entire LPG system from the fuel tank to the fuel injectors. Westport expects to generate €40 million in annual revenue and expects production 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.
David M. Johnson, CEO of Westport Fuel Systems, commented on the announcement.
“We are pleased to continue supplying this industry-leading OEM by supporting its mission to meet both Euro 6 and Euro 7 application requirements. It helps ensure cleaner vehicles and improved air quality for European communities. Our proven solutions provide the growing global market with affordable, clean transportation that optimizes overall vehicle performance and efficiency.”
LPG and bio-LPG, also known as propane or autogas, is a clean-burning alternative fuel. It is used to power light-, medium-, and heavy-duty vehicles. LPG-fueled vehicles are a cost-competitive low-emissions alternative to vehicles that use gasoline (petrol) or diesel.
Westport provides high-performance, low-emission engine and fuel system technologies utilizing gaseous fuels.
Westport Fuel Systems Inc. (WPRT) is up 4.55 per cent, trading at C$1.265 per share at 1:20 pm ET.
