New York, NY - June 5, 2012 (Investorideas.com Newswire) Investorideas.com, a leader in sector stock research for independent investors issues a trading alert for natural gas stock, Westport Innovations Inc. (NasdaqGS :WPRT), trading up at $26.35, gaining 4.08 or (18.32%) as of 10:50AM EDT on over 3 Millions shares.
Westport Innovations Inc. (NasdaqGS: WPRT) has a 52 week high of $50.19.
The Company reported today that it has signed agreements with Caterpillar Inc. (NYSE:CAT ) to co-develop natural gas technology for off-road equipment, including mining trucks and locomotives. Caterpillar and Westport will combine technologies
and expertise, including Westport™ High Pressure Direct Injection
(HPDI) technology and Caterpillar's industry leading off-road engine and
machine product technology, to develop the natural gas fuel system.
Caterpillar will fund the development program. When the products go to
market, Westport expects to participate in the supply of key components.
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 helps 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. Westport's joint venture with Cummins Inc., Cummins Westport Inc.
designs, engineers and markets spark-ignited natural gas engines for
North American transportation applications such as trucks and buses.
Westport LD division is one of the global leaders for natural gas and
liquefied petroleum gas (LPG) fuel in passenger cars, light-duty trucks
and industrial applications such as forklifts. To learn more about our
business, visit our website or subscribe to our RSS feed at
www.westport.com, or follow us on Twitter @WestportDotCom.
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