Westport and Leading Engine OEM to Develop Heavy-Duty Natural GasTruck Engine for North American Market - Development Program Targets Rapidly Growing LNG Truck Opportunity in North America
Westport Innovations Inc., the global leader in natural gas engines today announced that it has signed a development agreement with a leading global engine manufacturer to develop a heavy-duty truck engine featuring Westport proprietary high pressure direct injection (HPDI) technology for the North American market. For competitive reasons, product details have been withheld.
Under the terms of the agreement, each partner will contribute significant resources and pay for its own people and costs of the program. Westport will lead the program. Westport expects to invest approximately US$12 million and the schedule calls for product launch in 2014. When the product is launched, Westport will supply its HD system components for an agreed upon amount per engine, comparable to other such arrangements previously announced.
