Wesport, GAZ Group Partner Toward Developing Gas Systems; WPRT Shares Rise 2%

By MidnightTrader.com Staff,

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Westport Innovations ( WPRT ) has partnered with GAZ Group to design and develop spark-ignited natural gas systems for a new range of GAZ Group compressed natural gas commercial vehicles.

Westport's WP580 Engine Management System will be applied to GAZ's YaMZ-530 4.4L and 6.6L diesel engines and will incorporate Westport proprietary components and technology in the multi-year development and supply agreement signed today. The first products are slated for production in 2014.

Shares of WPRT are up 1.6% to $30.66 in morning trade, amid a 52-week range of $21.93 - $40.40.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
Referenced Stocks: WPRT

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