~New Release Provides Unparalleled Performance, Fuel Economy and Value~
VANCOUVER, Dec. 10, 2013 /PRNewswire/ - Westport Innovations Inc. (TSX:WPT / NASDAQ:WPRT), engineering the world's most advanced natural gas engines and vehicles, today unveiled its next generation of high pressure direct injection technology platform dubbed "Westport™ HPDI 2.0." This new generation of the class-leading natural gas technology will provide global vehicle and engine original equipment manufacturers (OEMs) with a vertically integrated natural gas solution with breakthrough price, performance, and fuel economy. Developed to the most rigorous OEM quality standards, Westport™ HPDI 2.0 system components will be manufactured in state-of-the-art, high-quality facilities, offer ready integration into OEM operations globally, and provide an attractive way to reach scalable volume deliveries as natural gas markets mature and grow.
"Where performance, emissions and efficiency matter, HPDI 2.0 offers benefits that will be irresistible to fleet customers shifting to natural gas in their operations," said David Demers, CEO of Westport. "As the potential for natural gas is now apparent in all global vehicle and off-road markets, HPDI 2.0 will allow OEMs to introduce high performance, fully integrated products that match state of the art diesel performance, but can be produced without expensive and challenging investments in facilities, product development, and testing."
Westport is now working with seven OEM applications with engine sizes ranging from trucks to trains at various stages of development with the goal of vertically integrated Westport™ HPDI 2.0 OEM product lines.Background on Westport™ HPDI Westport™ HPDI 2.0 is the only natural gas technology capable of delivering performance and fuel economy equivalent to that of current high performance diesel-fueled engines, but with diesel substitution of over 90%. This combination of high performance and high efficiency is critical for heavy-duty engines in demanding commercial applications.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV