~ New System Available on 2016 Drive-E Family Engines ~
VANCOUVER, March 11, 2015 /CNW/ - Westport Innovations Inc. (TSX:WPT /
NASDAQ: WPRT), engineering the world's most advanced natural gas engines
and vehicles, today announced the introduction of Westport's new
combustion technology in Volvo Car Company's new Drive-E powertrain
Volvo Cars is the first OEM to feature the new Westport system. It will
be used on on Volvo's new two-litre, direct injection, four-cylinder
Drive-E powertrain family, which will be available on the Volvo V60 and
V70 2016 models.
Part of the Volvo Engine Architecture family - ranked as one of the best
engine families in the world - this engine offers 245 HP and 350NM in
torque and emissions as low as 40g CO2/km (according to the Swedish
Transport Administration's calculation method for BIOGAS), and is
expected to be one of the greenest, most powerful natural gas engines
in the world.
"This new powertrain consisting of Volvo's new Drive-E petrol engine
paired with Westport's gas technology in a highly efficient bi-fuel
engine, will offer customers a very competitive combination of high
performance and low emissions," said Anders H. Gustavsson, Vice
President VLM Special Products, Volvo Car Group.
Westport expects most customers will seek bi-fuel operation today with
high performance gasoline direct injection coupled with Westport's new
natural gas combustion technology.
"Westport has provided a turnkey solution that includes technology
research and development, production, installation and market support,"
said Anders Johansson, Managing Director, Westport Sweden. "As gasoline
engines evolve, it is critical that OEMs offer natural gas versions of
these engines that retain the expected performance while providing the
environmental and economical benefits of compressed natural gas."
Currently the Volvo Bi-Fuel has been sold only in Sweden, however
Westport is open to introducing this model in other EU markets
depending on customer demand.
Westport engineers the world's most advanced natural gas engines and
vehicles. More than that, we are fundamentally changing the way the
world travels the roads, rails and seas. We work with original
equipment manufacturers (OEMs) worldwide from design through to
production, creating products to meet the growing demand for vehicle
technology that will reduce both emissions and fuel costs. To learn
more about our business, visit westport.com, subscribe to our RSS feed,
or follow us on Twitter @WestportDotCom.
This press release contains forward-looking statements, including
statements regarding the qualities and performance of the Volvo engines
described herein, desires of customers for bi-fuel operation and the
longer term market shift, the demand for our products, the future
success of our business and technology strategies, investment in new
product and technology development and otherwise, intentions of
partners and potential customers, the performance and competitiveness
of Westport's products and expansion of product coverage, future market
opportunities and timing of future agreements as well as Westport
management's response to any of the aforementioned factors. These
statements are neither promises nor guarantees, but involve known and
unknown risks and uncertainties and are based on both the views of
management and assumptions that may cause our actual results, levels of
activity, performance or achievements to be materially different from
any future results, levels of activities, performance or achievements
expressed in or implied by these forward looking statements. These
risks and uncertainties include risks and assumptions related to our
industry and products, the general economy, governmental policies and
regulation, technology innovations, the availability and price of
natural gas, global government stimulus packages, the acceptance of
and shift to natural gas vehicles, the relaxation or waiver of fuel
emission standards, the inability of fleets to access capital or
government funding to purchase natural gas vehicles, the development
of competing technologies, our ability to adequately develop and deploy
our technology, the actions and determinations of our joint venture and
development partners, as well as other risk factors and assumptions
that may affect our actual results, performance or achievements or
financial position discussed in our most recent Annual Information Form
and other filings with securities regulators. Readers should not place
undue reliance on any such forward-looking statements, which speak only
as of the date they were made. We disclaim any obligation to publicly
update or revise such statements to reflect any change in our
expectations or in events, conditions or circumstances on which any
such statements may be based, or that may affect the likelihood that
actual results will differ from those set forth in these forward
looking statements except as required by National Instrument 51-102.
The contents of any website, RSS feed or twitter account referenced in
this press release are not incorporated by reference herein.
SOURCE Westport Innovations Inc.
For further information:
Vice President, Capital Markets & Communications