- 11.06.2013, 10:03:42
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- OTE0004
Volvo Car Group Unveils V60 Bi-Fuel Car With Westport Natural Gas Fuel System at NGV 2013 Gothenburg
Vancouver, British Columbia (ots/PRNewswire) -
Westport Innovations Inc. , the global leader in natural gas engines,
today announced that Volvo Car Group unveiled its new Volvo V60
Bi-Fuel car in conjunction with the NGV 2013 Gothenburg event being
held from June 11 to 13 at the Swedish Exhibition Centre in
Gothenburg, Sweden ( https://www.media.volvocars.com/se/enhanced/se-s
e/Media/Preview.aspx?mediaid=49384). Sales for the new product will
start in October 2013 in Sweden.
"Demand for natural gas vehicles in Sweden is expected to increase in
response to the pending extension of the Government of Sweden
alternative fuel tax incentive program," said Ian Scott, Executive
Vice President, Westport. "The launch of this product provides a new
option for corporate and municipal fleet customers."
The new Volvo V60 Bi-Fuel car, with excellent green credentials, runs
on either compressed natural gas (CNG)/biomethane or petrol
(gasoline), and is a sporty estate car. With a powerful 213
horsepower engine, the Bi-Fuel system offers a total driving range of
1,120 kilometers and when renewable CNG (biomethane) is used as a
vehicle fuel, greenhouse gas emissions are significantly reduced
compared to petrol. The new V60 will expand Volvo Car Group's Bi-Fuel
product line.
Westport and Volvo Car Group are currently in discussions to expand
the Volvo V60 Bi-Fuel car into other markets.
Since 2009, Westport - the sole supplier of natural gas fuel systems
to Volvo Car Group - has developed and installed natural gas systems
for the Volvo V70 estate car at a facility located inside Volvo's
main production centre in Gothenburg, Sweden. Natural Gas Vehicles, a
Global Strategic Business Report, projects that the number of natural
gas vehicles (NGVs) in Sweden will triple between 2010 and 2018, from
31,179 to 92,657.
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 help 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 is
also one of the global leaders for natural gas and liquefied
petroleum gas (LPG) fuel systems technology, design, and components
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 http://www.westport.com, or follow us on
Twitter @WestportDotCom [https://twitter.com/@WestportDotCom ].
Note: This document contains forward-looking statements about
Westport's business, operations, technology development or the
environment in which it operates, which are based on Westport's
estimates, forecasts and projections. These statements include
specifically, statements regarding the timing for initial sales of
the new V60 Bi-Fuel car and and estimated future number of NGVs in
Sweden. These statements are not guarantees of future performance,
are based on a number of assumptions and involve known and unknown
risks and uncertainties that are difficult to predict, or are beyond
Westport's control including the development of competing products
and technologies, availability and supply of natural gas, price and
supply of gasoline, timing of execution of agreements with
distributors and other counterparties, and other risk factors and
assumptions that may affect our actual results, performance or
achievements. Consequently, readers should not place any undue
reliance on such forward-looking statements. In addition, these
forward-looking statements relate to the date on which they are made.
Westport disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise except as required by
National Instrument 51-102. The contents of any website, RSS feed or
Twitter account referenced in this press release are not incorporated
by reference herein.
For further information: Investor Inquiries: Darren Seed Vice President, Investor Relations & Communications Westport Phone: +1-604-718-2046 Email: invest@westport.com Media Inquiries Nicole Adams Director, Communications Westport Phone: +1-604-718-2011 Email: media@westport.com
ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | PRN






