Westport Fuel Systems (US) (TSE:WPRT) has released an update.
Westport Fuel Systems reported a productive year, achieving a 9% revenue increase to $331.8 million, expanding manufacturing in China, and advancing its sustainable fuel technologies, including a $33 million contract for its Next Gen LNG HPDI fuel system. The company is committed to operational efficiency and financial stability while seizing new opportunities in the growing hydrogen industry, with global investments and policy support driving towards zero emissions. CEO Dan Sceli emphasized Westport’s strategic focus on driving success through its HPDI joint venture, improving operational excellence, and reimagining a hydrogen-powered future to enhance shareholder value.
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