Westport Bags Development Contract From A Global Heavy Truck Manufacturer To Adapt And Commercialize Next Gen LNG HPDI Fuel System For Euro 7 Vehicle Platform;
Portfolio Pulse from Benzinga Newsdesk
Westport Fuel Systems has secured a $33 million contract from a global heavy truck manufacturer to adapt and commercialize its next-generation LNG HPDI fuel system for the Euro 7 vehicle platform. The development program will be funded by the OEM.
December 19, 2023 | 9:14 pm
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Westport Fuel Systems has been awarded a $33 million contract to develop its LNG HPDI fuel system for the Euro 7 vehicle platform, indicating a strong partnership and potential growth in the clean energy sector for heavy trucks.
The contract is significant for Westport Fuel Systems as it not only provides a substantial revenue source but also strengthens its position in the clean energy sector for heavy trucks. The development of the next-generation LNG HPDI fuel system aligns with global emission standards and the shift towards more environmentally friendly transportation solutions. This news is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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