“High energy efficiency and low emissions of greenhouse gases are a key focus for our strategic development efforts as natural gas and its renewable fuels counterpart, biogas, quickly become the mainstream alternative fuel choice for heavy-duty engines. We are excited to be working together with a global leader who recognizes the importance of both performance and environmental stewardship,” stated David Demers, chief executive officer of Westport.
The new natural gas engines are expected to meet future European emission requirements. In July 2008, Westport announced an agreement with Volvo to integrate and test Westport’s HD system on Volvo engines. Under the new agreements, Westport and Volvo will share program development expenses. The agreement requires Westport and Volvo to work to negotiate further agreements regarding certain elements of the development program. It also requires Westport and Volvo to satisfy certain milestones in order for the development program to continue, including the completion of the relevant technological, engineering and cost requirements and the completion of the further agreements.
