WPRT

Overview

Highlights

News

Chart

Management

Contacts

 

   
 
   
"Announced it has signed agreements with Caterpillar Inc. to co-develop natural gas technology for off-road equipment, including mining trucks and locomotives."

 

 
Approximate Financial Snapshot as of 6/5/12
Shares Outstanding 54.9M  
52 Wk Hi/Lo 50.19/

19.66

Market Cap $1.2B
Recent Price $22.27
 

 

 
 
   

 

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Westport Innovations (WPRT)

Website: www.Westport.com

"The Global Leader In Natural Gas Engines." 


Overview

Westport Innovations (WPRT) is a leading global supplier of proprietary solutions that allow engines to operate on clean-burning fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), hydrogen, and renewable natural gas (RNG) fuels such as landfill gas and helps reduce greenhouse gas emissions (GHG). 

Westport technology offers advanced LNG fueling systems with direct injection natural gas engine technology for heavy-duty vehicles such as highway trucks and off-road applications such as mining and rail.  

Westport's joint venture with Cummins Inc., Cummins Westport Inc. designs, engineers and markets spark-ignited natural gas engines for North American transportation applications such as trucks and buses.  Westport LD division is one of the global leaders for natural gas and liquefied petroleum gas (LPG) fuel in passenger cars, light-duty trucks and industrial applications such as forklifts.


WPRT Investor Highlights

  • Announced it has signed agreements with Caterpillar Inc. to co-develop natural gas technology for off-road equipment, including mining trucks and locomotives. Caterpillar and Westport will combine technologies and expertise, including Westport™ High Pressure Direct Injection (HPDI) technology and Caterpillar's industry leading off-road engine and machine product technology, to develop the natural gas fuel system.

  • Announced it is taking its first natural gas pick-up truck on a road trip across the Eastern USA this week. Driving entirely on compressed natural gas (CNG), a team from Westport Innovations will make the 700 mile drive in the brand new Westport™ WiNG powered bi-fuel Ford F-250 Super Duty truck.

  • Announced that Volvo Trucks unveiled its plans to launch a 13 liter heavy-duty natural gas engine featuring Westport™ high pressure direct injection (HPDI) technology. The product is scheduled to launch for the North American market in 2014.

  • Announced a broad range of product enhancements to meet customer needs in its best-in-class solution for natural gas Class 8 trucks.


Recent News and Press Releases

Westport Announces Second Agreement with General Motors for Advanced Engineering Development for Light-Duty Vehicles

Westport and Caterpillar Announce Agreement to Develop Natural Gas Technology for Off-Road Equipment

Westport Innovations Inc. to Ring The NASDAQ Stock Market Closing Bell

Where in the World is Westport™ WiNG?

Volvo Trucks Unveils 13 Liter Natural Gas Engine for North American Market with Westport™ HPDI Technology

Westport Announces New Product Enhancements on its Flagship HD15L LNG Engine for Class 8 Trucking

For the latest Quote and News on WPRT Click Here.


Six Month Chart


Management

David R. Deners - Founder, President, Chief Executive Officer, and Director

David R. Demers is a founder of Westport and has been Chief Executive Officer and a member of the Board since the company was formed in March of 1995.  Mr. Demers obtained a Bachelor of Physics degree in 1976 and a Bachelor of Law degree in 1978, both from the University of Saskatchewan.  Mr. Demers is also a member of the board of directors of Primero Mining Corp.

Bill E. Larkin - Chief Financial Officer

William (Bill) E. Larkin joined Westport in February 2010 as Chief Financial Officer.  Mr. Larkin served as Chief Financial Officer of Fuel Systems Solutions, Inc. (FSYS) from May 2008 to May 2009 and as a consultant through September 2009.  Mr. Larkin served as Corporate Controller and Chief Accounting Officer of FSYS from November 2006 to May 2008.  Prior to that, Mr. Larkin served as Director of Financial Reporting at Standard Pacific Corp and as an auditor at Deloitte & Touche LLP, based in Los Angeles.  Prior to joining Westport, Mr. Larkin served as Interim Chief Financial Officer for DDi Corp., a publicly listed manufacturer of circuit boards, beginning October 2009.  Mr. Larkin earned a Bachelor of Science degree in accounting from the University of Southern California and is a Certified Public Accountant.  As of February 19, 2012 Mr. Larkin joined the board of directors of CWI.

Clark G. Quintin - President of Westport HD

Clark G. Quintin joined Westport in April 2011 as President of Westport HD. Prior to joining Westport, Mr. Quintin was Corporate Director, President and Chief Executive Officer of Integrated Paving Concepts Inc. from 2002 to 2009.  In addition, he served as Senior Vice President, Sales and Distribution for MacMillan Bloedel over a five-year period.  Mr. Quintin also served for 20 years with IBM in Canada and the United States where he held a series of sales, marketing and executive roles including Executive Assistant to the Chairman, IBM Corporation and was selected to participate in the prestigious one year Management Acceleration Program.  In his last assignment with IBM, he was Vice President and General Manager, Western Canada.  Over his career, Mr. Quintin has served on several boards of public, private, and not-for-profit organizations.  Mr. Quintin is currently Chair of the Board for Lions Gate Hospital Foundation.  Mr. Quintin holds a Bachelor of Commerce degree in Marketing and Finance from the University of Calgary. As of February 19, 2012 Mr. Quintin joined the board of directors of CWI.


SEC Filings

WPRT filings with the SEC can be found here.


Contacts

Westport Innovations

1750 West 75th Avenue
Suite 101
Vancouver, BC V6P 6G2
Canada
Phone: 604-718-2000
Fax: 604-718-2001


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