Invest in Cleantech

Invest in Cleantech

Wednesday, September 07, 2011

Cleantech Stock Alert; Westport Innovations (NASDAQ:WPRT) Trades Up on Deal with Shell


Cleantech Stock Alert; Westport Innovations (NASDAQ:WPRT) Trades Up on Deal with Shell

Point Roberts WA- Sept 7 , 2011 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in cleantech investor research issues a trading alert for Westport Innovations (NASDAQ:WPRT), (TSX: WPT). The stock is trading up at $27.05, up 4.23 (18.54%) on news,” ‘Westport to Launch Innovative Co-Marketing Program with Shell to Develop North American Market for Liquefied Natural Gas Vehicles & Fuels.”







Westport Innovations Inc. (TSX:WPT ), (NASDAQ:WPRT) a global leader in alternative fuel, low-emissions transportation technologies, today announced that it has entered into an agreement with Shell to launch a co-marketing program in North America aimed at providing customers a better economic case when purchasing and operating liquefied natural gas-powered vehicles (LNGVs) by consolidating key value chain components such as fuel supply, customer support and comprehensive maintenance into a single, user-friendly package.

Under the terms of the agreement, both companies will leverage their industry-leading positions in liquefied natural gas (LNG) production and distribution for Shell and LNGV systems and technology for Westport, to deliver a superior integrated commercial solution to participating customers, initially in North America. Additionally, the companies will collaborate to develop industry standards for LNG as a new transportation fuel in support of their on-going efforts to maintain the highest health, safety and sustainable development practices.


About Westport Innovations Inc.
Westport Innovations Inc. is a global leader in alternative fuel, low-emissions technologies that allow engines to operate on clean-burning fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), hydrogen, and biofuels such as landfill gas. Our unique technologies reduce nitrogen oxides (NOx), particulate matter (PM), and greenhouse gas emissions (GHG). The Company focuses on three distinct categories or target markets - light-, medium-, and heavy-duty - through Westport business units or joint ventures. Westport LD is focused on light-duty automotive systems, components and engines, including 2.4L engines for industrial applications such as forklifts and oilfield service. Cummins Westport (CWI), a joint venture with Cummins, sells the world's broadest range of low-emissions alternative fuel engines for commercial urban fleets such as buses, refuse trucks and vocational vehicles. Westport Heavy Duty (Westport HD) is engaged in the engineering, design and marketing of natural gas-enabling technology for the heavy-duty diesel engine and truck market. To learn more about our business, visit our website or subscribe to our RSS feed at www.westport.com, or follow us on Twitter @WestportWPRT.

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2 comments:

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QUALITY STOCKS BELOW FIVE DOLLARS said...

Westport Inovations sounds like a terrific company.