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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Westport Fuel Systems Inc | NASDAQ:WPRT | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.43 | -7.47% | 5.33 | 5.30 | 5.45 | 5.84 | 5.31 | 5.73 | 92,979 | 23:10:43 |
“We are very appreciative of the continued support and our relationship with Export Development Canada in helping our ambitious growth plans to bring clean, affordable transportation solutions using LNG, renewable natural gas and hydrogen to the world. The refinancing of this Term Loan improves our financial position and liquidity to fund our growth of our HPDI technology and working capital needs,” said Richard Orazietti, Chief Financial Officer of Westport Fuel Systems
“Westport’s Fuel Systems’ innovative technology has the potential to create large-scale transformation across the heavy-duty freight and transportation sectors by helping to reduce emissions through alternative fuels, while also supporting collective carbon reduction goals,” said Sophie Dumoulin, Director, Cleantech, EDC. “We are pleased to offer our continued support to Westport Fuel Systems, a medium-sized Canadian company, as it grows internationally, and we look forward to seeing the impact of their technologies on the transportation industry during this transition to a low carbon future.”
About EDCExport Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian companies of all sizes succeed on the world stage. As international risk experts, we equip Canadian companies with the tools they need – the trade knowledge, financing solutions, equity, insurance, and connections – to grow their business with confidence. Underlying all our support is a commitment to sustainable and responsible business. To help Canadian businesses facing extreme financial challenges brought on by the global response to COVID-19, the Government of Canada has expanded EDC’s domestic capabilities until December 31, 2021. This broader mandate will enable EDC to expand its support to companies focused domestically.
About Westport Fuel SystemsWestport Fuel Systems is driving innovation to power a cleaner tomorrow. The company is a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global automotive industry. Westport Fuel Systems’ technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America and South America, the company serves customers in more than 70 countries with leading global transportation brands. For more information, visit www.wfsinc.com.
Investor Inquiries:Christian TweedyInvestor RelationsT: +1 604-718-2046E: invest@wfsinc.com
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