~ Order Secures Inventory for Fleet Customers ~
VANCOUVER, Oct. 30, 2013 /CNW/ - Westport Innovations Inc. (TSX:WPT)
(NASDAQ: WPRT), engineering the world's most advanced natural gas
engines and vehicles, today announced that Universal LNG Solutions Inc.
℠ (ULNG™ ) has placed a blanket purchase order for 900 Westport iCE
PACK™ LNG Tank Systems (iCE PACK) to be delivered over the next two
"This investment by ULNG confirms the industry's interest in the
Westport iCE PACK and the demand for cold liquefied natural gas (LNG),"
said Steve Anderson, Vice President, Business Development, Westport.
"This purchase order will allow ULNG to provide not only fuel
flexibility, but provide their fleets with a consistent,
high-performance LNG fuel system across a range of vehicles and
The Westport iCE PACK is an onboard LNG tank system customized for
spark-ignited engines, and designed to meet the demands of today's
trucking fleets by providing increased range, longer hold times and
faster fueling times. Westport expects to begin shipping to ULNG in the
fourth quarter of 2013. For competitive reasons, the selling price per
iCE PACK and related total contract value has not been disclosed.
"The availability of iCE PACK gives ULNG the ability to offer our
customers a package solution with dedicated infrastructure, LNG fuel
and vehicle LNG fuel systems," said Jeffrey Liu, CEO of ULNG. "The
Westport iCE PACK system with cold LNG will give our customers better
payback and productivity through faster fueling, longer range, and
increased hold times."
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 anticipated timing for shipping of the
Westport iCE PACK™ LNG Tank System, 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 and the performance and
competitiveness of Westport's products and expansion of product
coverage. 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,
technology innovations, the development of competing technologies, our
ability to adequately develop and deploy our technology 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.
Image with caption: "The Westport iCE PACK™ LNG Tank System is an onboard LNG tank system that is perfectly matched with large displacement, spark-ignited engines to meet the demands of today's trucking fleets by providing increased range, longer hold times and faster refuelling times. (CNW Group/Westport Innovations Inc.)". Image available at: http://photos.newswire.ca/images/download/20131030_C8323_PHOTO_EN_32719.jpg
SOURCE: Westport Innovations Inc.
For further information:
Vice President, Investor Relations & Communications
Westport Innovations Inc.