Westport (WPRT) announced that Cespira, Westport’s joint venture with the Volvo Group (VLVLY), has signed an agreement with and received full payment from an OEM for Cespira’s HPDITM components to be utilized in a customer truck trial. Cespira will deliver several hundred sets of a key component in support of the trial. The truck trial is designed to assess the market interest and viability of the direct injection system in certain heavy-duty trucking markets and is expected to form the basis upon which the OEM will determine whether to make a further investment to commercialize this system. Further information regarding the trial is not disclosed for commercially sensitive reasons.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WPRT:
- Westport Fuel Systems Earnings Call: Strategic Moves Amid Challenges
- Westport Fuel Systems Appoints New CFO Amid Strategic Transition
- Westport CFO William Larkin resigns, Elizabeth Owens succeeds
- Westport Fuel Systems Files New Shelf Prospectus to Raise Capital
- Westport files preliminary short form base shelf prospectus
