Westport Fuel Systems Joins World Hydrogen Council

Rhea-AI Summary

Westport Fuel Systems has joined the Hydrogen Council as a supporting member, enhancing its commitment to hydrogen technologies for cleaner transportation. The Council aims to promote hydrogen solutions, advocate for climate goals, and collaborate with policymakers and businesses. CEO David M. Johnson expressed excitement over this partnership, emphasizing the significance of green hydrogen in decarbonizing transport. Westport, headquartered in Vancouver, specializes in advanced fuel delivery systems for low-carbon fuels, serving over 70 countries worldwide.

Positive

• Joining the Hydrogen Council may enhance Westport Fuel Systems' reputation in the hydrogen market.
• Collaboration with prominent industry leaders could lead to innovative solutions and business opportunities.

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• None.

VANCOUVER, British Columbia, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport Fuel Systems” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) today announced that it has joined the internationally-recognized Hydrogen Council (www.hydrogencouncil.com) as a supporting member. The Hydrogen Council is a global CEO-level advisory body providing a long-term vision for the important role of hydrogen technologies in an energy transition for cleaner transportation solutions.

The Hydrogen Council aims to:

• Increase visibility around the hydrogen solutions currently available and the progress that has been made in this regard.
• Advocate for the important role of hydrogen technologies in helping to meet climate goals, energy security and competitive targets, as well as work toward better deployment conditions.
• Work with and provide recommendations to several key stakeholders, such as policymakers, the business community, international agencies and civil society, to achieve its goals.
  

The Hydrogen Council includes CEOs from such member companies as Airbus, Bosch, BMW GROUP, Daimler, ENGIE, Honda, Hyundai, Iveco Group, Kawasaki, Mitsubishi, Shell, The Linde Group, Toyota and Weichai.

“We are thrilled to join the Hydrogen Council as a supporting member,” said David M. Johnson, Chief Executive Officer of Westport Fuel Systems. “The Hydrogen Council continues to boost global collaboration and work within the industry to scale up hydrogen solutions for cleaner transportation. We believe that green hydrogen in internal combustion engines and fuel cell vehicles will be key in decarbonizing transport. As a global leader in gaseous fuel solutions, we look forward to working with the Hydrogen Council to advance hydrogen’s role in the clean energy transition.”

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 Fuel Systems’ 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:
Christian Tweedy
Investor Relations
T: +1 604-718-2046
E: invest@wfsinc.com

FAQ

What does Westport Fuel Systems' membership in the Hydrogen Council mean for WPRT shareholders?

Westport Fuel Systems' membership in the Hydrogen Council could enhance its market position in hydrogen technologies, potentially leading to growth opportunities that benefit WPRT shareholders.

What are the goals of the Hydrogen Council that Westport Fuel Systems is now a part of?

The Hydrogen Council aims to increase visibility of hydrogen solutions, advocate for hydrogen's role in climate goals, and collaborate with stakeholders to improve deployment conditions.

Who leads the Hydrogen Council that Westport Fuel Systems joined?

The Hydrogen Council is led by CEOs from major companies such as Airbus, Bosch, and Toyota, aiming for a collaborative approach to hydrogen technology development.

How does joining the Hydrogen Council align with Westport Fuel Systems' business strategy?

By joining the Hydrogen Council, Westport Fuel Systems reinforces its focus on integrating hydrogen solutions into its offerings for clean transportation, aligning with global energy transition goals.