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Westport and Clean Energy Co-Marketing Program Helps
Companies Ramp Up Natural Gas Transportation Solutions
March 19, 2013
LOUISVILLE, KY -- Heavy-duty trucking customers seeking optimal on-board fuel storage,
high-performance natural gas engines, and reliable fueling can benefit from a new
joint marketing program by Westport Innovations Inc. (TSX:WPT/NASDAQ:WPRT) and Clean
Energy Fuels Corp. (NASDAQ:CLNE) that was announced today in Louisville, Kentucky,
home of the Mid-America Truck Show (MATS).
To encourage the use of natural gas vehicles and the establishment of the growing
fueling infrastructure across North America, the companies will bundle the Westport(TM)
LNG Tank System -- optimized for use with the Cummins Westport ISL G or the new
Cummins Westport ISX12 G engines -- and a long-term fuel contract with Clean Energy
into a package for qualified customers.
The program is designed to achieve the following goals:
* Deliver an attractive payback for truck customers utilizing the Cummins Wesport
ISL G or ISX12 G engine with a Westport LNG Tank System
* Establish availability of long-term refueling contracts at a savings to diesel
for Clean Energy customers
* Establish a strong market for natural gas trucks with additional conveniently
located liquefied natural gas (LNG) fueling stations for customers
"We know that customers are looking for efficient solutions that will allow them
to take advantage of the long term savings and environmental benefits that natural
gas will bring for their fleets," said James Harger, Chief Marketing Officer, Clean
Energy. "Collectively, we can help get them on the road quickly and economically,
while building out America's Natural Gas Highway�."
Clean Energy has already completed 70 natural gas fueling stations as part of America's
Natural Gas Highway�, which will allow long-haul trucks to travel across all major
corridors through the United States, and has more stations in development.
The Westport LNG Tank System is currently available in limited quantities for customer
trials, and can be ordered now with commercial quantities available in September
2013. It operates on either cold or warm LNG and is expected to provide customers
with the ability to fuel even the largest spark-ignited engines on a single or dual
120 gallon tank, and deliver extended range and hold times while operating on cold
LNG. Attendees to MATS are invited to view the Westport LNG Tank System which will
be on display at the Clean Energy booth.
"The interest and demand is high for both the new Westport LNG Tank System and the
Cummins Westport ISX12 G," said Steve Anderson, Vice President Business Development,
Westport. "This collaborative program allows us to give customers a good opportunity
to invest in the most advanced natural gas engine and fuel storage technology."
For more information, please contact your Westport Sales Representative at: www.westport.com/contact/sales
[http://r20.rs6.net/tn.jsp?e=001GdOCDycERFbermAWFR2_4ZIAwvCOu9ekHh7LS_RZx1bIPtoNuhrozf64IG_Q4vTTXAh0XE5nh7nlpKN0KnOPeKUA0ZlFdB-lRoBy5h5oAjt6sQQqbKIDMWSnUJT2n4hT6A95fiNzTZQ=]
or a Clean Energy Sales Representative at www.cleanenergyfuels.com/products_services/trucking.html
[http://r20.rs6.net/tn.jsp?e=001GdOCDycERFZczjaW_Rb2X6xftxi6U52BhxD5RWd0QX1gyLWmDGLqNb8EQzEQOTQYxJcucJAru9mcDGJxda5oFuBBrNaD60AwXEyvKLpuFpQyiJ6pFa5rB1DgUhw1AcTPND3VCaov5eSjoJsYQniIfpeV16vWeqDbnUTK0I8cbkE=]
..
About Westport Innovations Inc.
Westport Innovations Inc. is a leading global supplier of proprietary solutions
that allow engines to operate on clean-burning fuels such as compressed natural
gas (CNG), liquefied natural gas (LNG), hydrogen, and renewable natural gas (RNG)
fuels such as landfill gas and help reduce greenhouse gas emissions (GHG). Westport
technology offers advanced LNG fueling systems with direct injection natural gas
engine technology for heavy-duty vehicles such as highway trucks and off-road applications
such as mining and rail. Cummins Westport, our joint venture with Cummins Inc.,
designs, engineers and markets spark-ignited natural gas engines for medium- and
heavy-duty transportation applications such as trucks and buses. Westport is also
one of the global leaders for natural gas and liquefied petroleum gas (LPG) fuel
systems technology, design, and components in passenger cars, light-duty trucks
and industrial applications such as forklifts. To learn more about our business,
visit westport.com [http://r20.rs6.net/tn.jsp?e=001GdOCDycERFavPXL-knga22g1wtpAaR3v8-ygFq5gd2X6dmZu5YuDGI_tYG9y4RenIoq4DqQxD-0kJolIjVMZdZx8_mqrgBuwrtMUwKMKi6TZnSwLzfDzAw==],
subscribe to our RSS feed, or follow us on Twitter @WestportDotCom.
About Clean Energy Fuels
Clean Energy (Nasdaq: CLNE) is the largest provider of natural gas fuel for transportation
in North America and a global leader in the expanding natural gas vehicle fueling
market. We have operations in compressed natural gas (CNG) and liquefied natural
gas (LNG) vehicle fueling and construction and operation of natural gas fueling
stations. Wholly-owned subsidiaries include BAF Technologies, which provides natural
gas vehicle systems and conversions for taxis, vans, pick-up trucks and shuttle
buses; IMW Industries, Ltd., which supplies CNG equipment for vehicle fueling and
industrial applications worldwide; NorthStar, which supplies LNG and liquefied to
compressed natural gas fueling system technologies and equipment, station construction
and operations; and Clean Energy Renewable Fuels (CERF), which develops renewable
natural gas (RNG), or biomethane, production facilities in the U.S. For more information,
visit www.cleanenergyfuels.com [http://r20.rs6.net/tn.jsp?e=001GdOCDycERFbAdBtyZlok1G7bs8gVA99VCKsaJ7f_2bypuiQzhp2SnMUy564FQ0Ks_GnSXt9wvRwgxlq5J3HrNZldXYTyImv00focDr7lpueGB9AcyzHnY4pdX1T9Fi-i].
Note: This document contains forward-looking statements about Westport's business,
operations, technology development or the environment in which it operates, which
are based on Westport's estimates, forecasts and projections. These statements include
specifically, statements regarding the abilities, capabilities and operation of
the Westport LNG Tank System. These statements are not guarantees of future performance,
are based on a number of assumptions and involve known and unknown risks and uncertainties
that are difficult to predict, or are beyond Westport's control including the development
of competing products and technologies, availability and supply of natural gas,
price and supply of gasoline, timing of execution of agreements with distributors
and other counterparties, and other risk factors and assumptions that may affect
our actual results, performance or achievements or that of the Westport LNG Tank
System. Consequently, readers should not place any undue reliance on such forward-looking
statements. In addition, these forward-looking statements relate to the date on
which they are made. Westport disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise except as required by National Instrument 51-102.. The
contents of any website, RSS feed or Twitter account referenced in this press release
are not incorporated by reference herein.
Forward-Looking Statements -- This news release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions,
including statements about the deployment and cost of natural gas vehicles, the
number and location of stations to be included in America's Natural Gas Highway,
the timing for the completion of construction of these stations, and the benefits
of natural gas relative to diesel fuel. Actual results and the timing of events
could differ materially from those anticipated in these forward-looking statements
as a result of several factors, including, but not limited to, the performance,
availability and benefits of natural gas trucks relative to gasoline and diesel
trucks, permitting or other delays encountered during the identification of locations
for, and the construction of, natural gas fueling stations, including those stations
planned for America's Natural Gas Highway, and the price per gallon of natural gas
fuel relative to diesel and gasoline. The forward-looking statements made herein
speak only as of the date of this press release and, unless otherwise required
by law, the company undertakes no obligation to publicly update such forward-looking
statements to reflect subsequent events or circumstances. Additionally, the reports
and other documents Clean Energy files with the SEC (available at www.sec.gov) contain
risk factors, which may cause actual results to differ materially from the forward-looking
statements contained in this news release.
Westport Media Inquiries:
Nicole Adams
Director, Communications
Westport Innovations Inc.
Tel: 604.718.2011
Email: media@westport.com [mailto:media@westport.com]
Westport Investor Inquiries:
Darren Seed
Vice President, Investor Relations & Communications
Westport Innovations Inc.
Tel: 604-718-2046
Email: invest@westport.com [mailto:invest@westport.com]
Clean Energy Fuels Media Inquiries:
Gary Foster
Senior Vice President, Corporate Communications
Tel: 562-493-2804
Email: gfoster@cleanenergyfuels.com [mailto:gfoster@cleanenergyfuels.com]
Clean Energy Investor Inquiries:
Tony Kritzer
Director, Investor Relations
Tel: 562-936-7120
Email: tkritzer@cleanenergyfuels.com [mailto:tkritzer@cleanenergyfuels.com]
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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Clean Energy | 3020 Old Ranch Parkway | Suite 400 | Seal Beach | CA | 90740
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Clean Energy Fuels
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CODE : CLNE |
ISIN : US1844991018 |
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Clean Energy est une société basée aux Etats-Unis D'Amerique. Clean Energy est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 401,9 millions US$ (361,6 millions €). La valeur de son action a atteint son plus haut niveau récent le 05 septembre 2014 à 9,99 US$, et son plus bas niveau récent le 13 mars 2020 à 1,05 US$. Clean Energy possède 151 085 558 actions en circulation. |