VANCOUVER, Sept. 7, 2011 /PRNewswire/ - Westport Innovations Inc. (TSX:WPT /
NASDAQ:WPRT), a global leader in alternative fuel, low-emissions
transportation technologies, today announced that it has entered into
an agreement with Shell to launch a co-marketing program in North
America aimed at providing customers a better economic case when
purchasing and operating liquefied natural gas-powered vehicles (LNGVs)
by consolidating key value chain components such as fuel supply,
customer support and comprehensive maintenance into a single,
user-friendly package.
Under the terms of the agreement, both companies will leverage their
industry-leading positions in liquefied natural gas (LNG) production
and distribution for Shell and LNGV systems and technology for
Westport, to deliver a superior integrated commercial solution to
participating customers, initially in North America. Additionally, the
companies will collaborate to develop industry standards for LNG as a
new transportation fuel in support of their on-going efforts to
maintain the highest health, safety and sustainable development
practices.
"Westport and Shell share an unfailing commitment to innovation, and we
believe this co-marketing program is a unique example of using
commercial innovation to reshape the value proposition of a new
technology to its customers," said David Demers, CEO of Westport
Innovations Inc. "As a result of this initiative, we believe the use of
natural gas as a fuel for transportation will accelerate. The North
American launch is an important first step with Shell and we look
forward to the continued proliferation of our advanced technology
products and integration services."
"We at Shell believe that natural gas, because of its abundance and
strong environmental profile, is a destination solution in the
transportation fuels space. This alliance with Westport will allow us
to bring these benefits to market in a way that I believe can
potentially transform fuel consumption in the heavy-duty vehicle
segment for years to come," said José-Alberto Lima, Shell Vice
President for LNG & Gas Monetization.
About Westport Innovations Inc.
Westport Innovations Inc. is a global leader in alternative fuel,
low-emissions technologies that allow engines to operate on
clean-burning fuels such as compressed natural gas (CNG), liquefied
natural gas (LNG), hydrogen, and biofuels such as landfill gas. Our
unique technologies reduce nitrogen oxides (NOx), particulate matter
(PM), and greenhouse gas emissions (GHG). The Company focuses on three
distinct categories or target markets - light-, medium-, and heavy-duty
- through Westport business units or joint ventures.