Attention Business Editors:
Westport Innovations Inc. announces conditional listing on Toronto Stock Exchange
VANCOUVER, June 17 /CNW/ - WESTPORT INNOVATIONS INC.
WPT: ASE
WESTPORT INNOVATIONS INC. is pleased to announce that The Toronto Stock
Exchange has conditionally approved the listing of the common shares of the
Company. Listing of the common shares is subject to the Company obtaining a
receipt for the final prospectus (as announced on May 12, 1999) and fulfilling
all of the requirements of The Toronto Stock Exchange on or before Wednesday,
September 15, 1999.
Westport's stock symbol will remain ''WPT'' for trading on The Toronto
Stock Exchange.
Westport is commercializing patented HPDI combustion technology that
allows diesel engines to operate on cleaner-burning gaseous fuels, such as
natural gas, without sacrificing performance or fuel economy. HPDI enables
diesel engines to meet emission targets for nitrogen oxides (NOx) and
particulate matter (PM) set in the U.S. and Europe. The technology also
significantly reduces carbon dioxide (CO2) emissions, compared to current
gasoline or diesel engines, to meet proposed global warming initiatives.
Westport intends to deliver HPDI technology for a wide variety of engine
applications in partnership with leading diesel engine manufacturers around
the world. In September 1998, Westport announced its first such alliance with
Cummins Engine Company Inc., the world's largest producer of diesel engines
over 200 horsepower. On June 10, 1999 Westport also announced a development
project with Ford Motor Company. Further details can be found on the
company's website at www.westport.com.
The Alberta Stock Exchange has neither approved nor disapproved the
information contained herein.
-0- 06/17/1999
For further information: Investor Information - Sarah Greenwood, Corporate Communications
Manager, Westport (604) 718-2016, fax (604) 718-2001; Media Information - Charlie Ker,
Marketing Communications Manager, Westport (604) 718-2013, fax (604) 718-2001
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