October 28, 2010 - Press releases
MONTREAL, October 28, 2010 /CNW Telbec/ - Westport Innovations Inc. (TSX:WPT / NASDAQ:WPRT), a global leader in alternative fuel, low-emissions transportation technologies, today announces that Robert Transport, of Boucherville, Quebec has issued a purchase order for 180 Peterbilt liquefied natural gas (LNG) trucks featuring Westport HD Systems. Robert Transport is one of Canada's largest for-hire trucking companies with an estimated 1,100 tractors and 2,300 employees. The new trucks, powered by Westport HD, will be used on line haul routes between Montréal and Québec City, and Montréal to Toronto.
Fueling the Robert Transport fleet is Gaz Métro Transport Solutions, a wholly-owned subsidiary of Gaz Métro, the main distributor of natural gas in Quebec, who plans to install three LNG refuelling sites along the Ontario -Quebec 401/ Highway 20 Corridor between the greater Quebec City area and the greater Toronto area.
"This is the single largest order for LNG Trucks powered by Westport HD," said David Demers, Westport's CEO. "It's evidence that natural gas is gaining momentum as a mainstream transportation fuel in Canada. With the imperative to reduce GHG emissions from heavy duty transport and the Quebec government's incentives, companies like Robert Transport and Gaz Métro are helping deploy natural gas transportation solutions to help reduce emissions."
"Operating natural gas trucks helps reduce one of our largest input costs and reduces our carbon footprint," said Claude Robert, President and CEO of Robert Transport. "This is a win-win for both the environment and our company. "
"Natural gas for transportation is an integral part of our future," said Sophie Brochu, Gaz Métro's President and CEO. "We look forward to establishing the first natural gas 'corridor' in Canada and doing our part to help reduce carbon emissions."
Claude Robert and Sophie Brochu highlighted the fact that this important step in materializing this first natural gas "corridor" in Canada would not have been possible without the leadership and vision shown by the Quebec government in providing fiscal incentives for the acquisition of low-emissions LNG trucks in its March 2010 budget.
Helping drive innovation and improved carbon footprints in Quebec, the government announced that that the depreciation rate applicable to commercial trucks or tractors was increased from 40% to 60% for any new equipment acquired after March 31st, 2010. Furthermore, an additional 85% cut for amortization reduction is granted if the truck or tractor runs on LNG.
Thus the Quebec government has put in place key elements to foster a supportive and progressive environment to develop a greener future in the field of transportation.
"Peterbilt trucks with LNG systems continue to grow in popularity", said Bill Jackson, General Manager at Peterbilt Motors. "We are excited to work with Robert Transport and Westport to deliver a high quality product that provides the performance and environmental characteristics to support their business."
The Westport HD System consists of the GX 15-litre engine, proprietary Westport fuel injectors, liquefied natural gas (LNG) fuel tanks with integrated cryogenic fuel pumps, and associated electronic components to facilitate robust performance and reliable operation. The Westport HD GX engine is certified and compliant to 2010 U.S. Environmental Protection Agency (EPA) and California Air Resources Board (CARB) emission limits in North America.
About Robert Transport
Robert Transport is a leading carrier in Canada which has always been at the forefront of clean technology innovations in the trucking industry. Over the last decade, Robert Transport has worked to pioneer technologies which reduce green house gas emissions while simultaneously increasing fuel efficiency. As part of their unwavering commitment to the environment, Robert Transport has partnered with Gaz Métro to supply clean burning LNG to their alternative fuel vehicles. The use of alternative fuels is a key step to Robert Transport's goal of achieving 25 % fewer emissions. The Quebec Government is a proponent of these initiatives and has worked with the trucking industry to formulate policies that encourage the use of « green technologies ». The parent company, Groupe Robert Inc., is a logistics solution provider to Fortune 1000 companies throughout North America. The company founded in 1946, remains a family owned company. Robert's mission: Aiming for a better environmental future. www.robert.ca
About Gaz Métro
With over $3.6 billion in assets, Gaz Métro is Québec's leading natural gas distributor. Operating in this regulated industry for over 50 years, Gaz Métro has become the trusted energy provider to some 180,000 customers in Québec and 136,000 customers in Vermont while developing the skills and expertise needed to diversify beyond natural gas. Gaz Métro's prudent growth strategy has been marked by the successful entry into electricity distribution in Vermont and development of wind power projects in Québec. Offering historically strong and stable distributions and showing a competitive spirit, Gaz Métro is committed to its customers, Partners, employees and the community. www.gazmetro.com
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) while preserving the power, torque, and fuel efficiency of diesel engines. The Company focuses on three distinct categories or target markets - light-, medium-, and heavy-duty - through Westport business units or joint ventures. Juniper Engines is focused on 2.0L and 2.4L engines for industrial applications such as forklifts, oilfield service engines and light-duty automotive. Cummins Westport (CWI), a joint venture with Cummins, sells the world's broadest range of low-emissions alternative fuel engines for commercial urban fleets such as buses, refuse trucks and vocational vehicles ranging from 5.9L to 8.9L. Westport Heavy Duty (Westport HD), with a joint venture agreement with Weichai Power Co. and a development and commercialization agreement with Volvo Powertrain, is focused on LNG fuel systems for heavy-duty trucks (Westport HD Systems) and the platform for licensing Westport HD Systems. To learn more about our business, visit our website or subscribe to our RSS feed at www.westport.com, or follow us on Twitter @WestportWPRT.
Cautionary note regarding forward-looking statements
Certain statements contained in this press release may be forward-looking pursuant to applicable securities laws. Such forward-looking statements reflect the intentions, plans, expectations and opinions of the management of Gaz Métro inc., Gaz Métro's general partner, and are based on information currently available to management and assumptions about future events. Forward-looking statements involve known and unknown risks and uncertainties and other factors outside management's control. A number of factors could cause actual results of Gaz Métro to differ materially from the current expectations as expressed in the forward-looking statements.
Although these forward-looking statements are based upon what management believes to be reasonable assumptions, management cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and management assumes no obligation to update or revise them to reflect new events or circumstances, except as required pursuant to applicable securities laws. You are cautioned not to place undue reliance on these forward-looking statements.
The complete version of the cautionary note regarding forward-looking statements as well as a description of the risk factors likely to affect Gaz Métro's actual results are included in the Management Information Circular of Gaz Métro dated July 28, 2010. This document is available on SEDAR at www.sedar.com and on Gaz Métro's website at www.gazmetro.com.
For further information:
Media and Public relations
Vice President Marketing
Westport Innovations Inc.
Vice President, Investor Relations & Communications