UPDATE: Westport Announces Amended Cummins Westport Joint Venture Agreement; Shares Rise Almost 5%

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Westport Innovations Inc. (WPT.TO), a global leader in natural gas engines that has been trading near year highs, today announced that it has entered into an amended and restated joint venture agreement ( JVA ) with Cummins Inc. for the Cummins Westport Inc. ( CWI ) joint venture. The JVA was amended to provide for, among other things, clarification concerning the scope of products within CWI. In addition, the parties have revised certain economic terms of the JVA.

In a separate announcement, CWI today announced the commercial launch of a new 12 litre natural gas engine based on the successful Cummins ISX12 diesel platform

About 80,000 Westport shares have changed hands.




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This article appears in: Investing , Commodities

Referenced Stocks: CWI , JVA

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