Westport Fuel Systems Announces Inclusion in the S&P/TSX Composite Index

Rhea-AI Summary

Westport Fuel Systems (WPRT) announced its inclusion in the S&P/TSX Composite Index, effective March 22, 2022. This addition reflects the company's growth and innovation in alternative fuel technologies, critical for decarbonizing transportation. CEO David M. Johnson expressed pride in this recognition, attributing success to employee contributions. Westport, operating globally in clean fuel systems, serves over 70 countries with advanced technologies aimed at improving environmental outcomes.

Positive

• Inclusion in the S&P/TSX Composite Index, expected to enhance visibility and liquidity for WPRT shares.
• Recognition of the company's achievements in alternative fuel technologies.
• Strategic positioning in a growing market for low-emission transportation solutions.

Negative

• None.

VANCOUVER, British Columbia, March 15, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX | Nasdaq: WPRT) a global leader in alternative fuel, low-emissions transportation technologies is pleased to announce that its commons shares will be added by Dow Jones to the S&P/TSX Composite Index effective Monday, March 22, 2022, prior to the open of trading on the Toronto Stock Exchange (“TSX”).

“We are honored to be added to the S&P/TSX composite index,” said David M. Johnson, CEO of Westport Fuel Systems. “This milestone is a recognition of our achievements over the past few years, and I would like to thank our employees and board of directors for their contributions to our success. The need for gaseous fuel systems and components that decarbonize transportation continues to grow, and Westport Fuel Systems is well positioned to deliver outstanding value to our customers and our shareholders.”

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About Westport Fuel Systems
Westport 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’s 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:
Christine Marks
Investor Relations
T: +1 604-718-2046
E: invest@wfsinc.com

FAQ

When will Westport Fuel Systems be added to the S&P/TSX Composite Index?

Westport Fuel Systems will be added to the S&P/TSX Composite Index on March 22, 2022.

What does the addition of WPRT to the S&P/TSX Composite Index mean?

The inclusion in the S&P/TSX Composite Index indicates increased visibility and credibility for WPRT, potentially attracting more investors.

What is Westport Fuel Systems known for?

Westport Fuel Systems is known for its innovation in alternative fuel technologies and low-emission transportation solutions.