VANCOUVER, June 11, 2013 /CNW/ - Westport Innovations Inc. (TSX:WPT /
NASDAQ: WPRT), the global leader in natural gas engines, today announced
that Volvo Car Group unveiled its new Volvo V60 Bi-Fuel car in
conjunction with the NGV 2013 Gothenburg event being held from June 11
to 13 at the Swedish Exhibition Centre in Gothenburg, Sweden (https://www.media.volvocars.com/se/enhanced/se-se/Media/Preview.aspx?mediaid=49384). Sales for the new product will start in October 2013 in Sweden.
"Demand for natural gas vehicles in Sweden is expected to increase in
response to the pending extension of the Government of Sweden
alternative fuel tax incentive program," said Ian Scott, Executive Vice
President, Westport. "The launch of this product provides a new option
for corporate and municipal fleet customers."
The new Volvo V60 Bi-Fuel car, with excellent green credentials, runs on
either compressed natural gas (CNG)/biomethane or petrol (gasoline),
and is a sporty estate car. With a powerful 213 horsepower engine, the
Bi-Fuel system offers a total driving range of 1,120 kilometers and
when renewable CNG (biomethane) is used as a vehicle fuel, greenhouse
gas emissions are significantly reduced compared to petrol. The new V60
will expand Volvo Car Group's Bi-Fuel product line.
Westport and Volvo Car Group are currently in discussions to expand the
Volvo V60 Bi-Fuel car into other markets.
Since 2009, Westport - the sole supplier of natural gas fuel systems to
Volvo Car Group - has developed and installed natural gas systems for
the Volvo V70 estate car at a facility located inside Volvo's main
production centre in Gothenburg, Sweden. Natural Gas Vehicles, a Global
Strategic Business Report, projects that the number of natural gas
vehicles (NGVs) in Sweden will triple between 2010 and 2018, from
31,179 to 92,657.
About Westport Innovations Inc.
Westport Innovations Inc. 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 help
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 is also one of the
global leaders for natural gas and liquefied petroleum gas (LPG) fuel
systems technology, design, and components in passenger cars,
light-duty trucks and industrial applications such as forklifts. To
learn more about our business, visit our website or subscribe to our
RSS feed at www.westport.com, or follow us on Twitter @WestportDotCom.
Note: This document contains forward-looking statements about Westport's
business, operations, technology development or the environment in
which it operates, which are based on Westport's estimates, forecasts
and projections. These statements include specifically, statements
regarding the timing for initial sales of the new V60 Bi-Fuel car and
and estimated future number of NGVs in Sweden. These statements are
not guarantees of future performance, are based on a number of
assumptions and involve known and unknown risks and uncertainties that
are difficult to predict, or are beyond Westport's control including
the development of competing products and technologies, availability
and supply of natural gas, price and supply of gasoline, timing of
execution of agreements with distributors and other counterparties, and
other risk factors and assumptions that may affect our actual results,
performance or achievements. Consequently, readers should not place any
undue reliance on such forward-looking statements. In addition, these
forward-looking statements relate to the date on which they are made.
Westport disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise 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
SOURCE: Westport Innovations Inc.
For further information:
Vice President, Investor Relations & Communications