Westport Reports Second Quarter and Fiscal 2015 Financial Results - SYS-CON Media (press release)
announced the introduction of the new Volvo Car Drive-E powertrain bi-fuel engine, EPA certification of 2015 Ford Transit Van, the new Ford F-150 bi-fuel product, and the completion of a major engine program with its fifth HPDI engine customer. "Global energy price volatility and the economic turbulence in many markets continues to put pressure on our global business units, but since natural gas prices generally have fallen in line with petroleum product prices, we continue to see good... Since the acquisition of Prins in late 2014 we have also been expanding our offerings in the LPG market which continues to show promise in some regional markets" said David Demers, Westport's CEO, "We also made steady progress on our HPDI product... " "Cash used and adjusted EBITDA results in the quarter were the strongest since our transition plan was announced in 2013. At -$7. 7 million Adjusted EBITDA for the quarter and a $60. 6 million cash balance, and with our current plans for... Source: news.sys-con.com
