|Exchange:||NASDAQ national market|
|Stock:||Westport Innovations Inc|
|Westport Innovations Inc was incorporated under the Business Corporations Act on March 20, 1995. The company is a provider of low-emission engine and fuel system technologies utilizing gaseous fuels. The Company’s technology and products enable light- (less than 5.9-litre), medium- (5.9- to 8.9 litre), heavy-duty (11- to 16 litre) and high-horsepower (greater than 16-litre) petroleum-based fuel engines to use primarily in natural gas. The Company leverages its proprietary technology by partnering with diesel engine, truck and automotive original equipment manufacturers to develop. The Company manufactures and distributes its engines to diverse group of global truck, bus and automotive OEMs. The Company’s strategic relations with OEMs provide it with access to their manufacturing capacity, supply chain and global distribution networks without incurring the considerable investment associated with these assets. It commercializes its technology in markets where demand for clean, low emission engines is prevalent, including light-duty, medium- to heavy-duty and heavy duty. The Company’s business operates in six reportable segments: Westport Applied Technologies, designs, produces, and sells compressed natural gas (CNG), liquefied petroleum gas (LPG), and liquefied natural gas (LNG) components and subsystems for natural gas vehicles of all types; Westport On-Road Systems, engineers, designs, and markets complete vehicle systems from automotive to trucking applications and industrial systems to Westport’s existing OEM customers; Westport New Markets and Off-Road Systems, engineers, designs, and markets Westport proprietary natural gas technologies, including the WestportTM high pressure direct injection (HPDI) technology, and fuel systems for the off-road, large-engine applications such as mine trucks, locomotives, workboats, and petroleum exploration equipment; Corporate and Technology Investments, which includes corporate costs such as research and development, general and administrative, marketing, interest and other charges, foreign exchange and depreciation that cannot be attributed to a particular segment and are incurred by all segments. It serves the medium- to heavy-duty engine markets. The fuel for CWI engines is typically carried on vehicles as compressed natural gas or liquefied natural gas; It develops, manufactures, and sells advanced, alternative fuel engines and parts that are widely used in city bus, coach, and heavy-duty truck applications in China or exported to other regions globally.|
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