Business
Westport Announces $6.5 Million Milestone Payment From Light-Duty Divestiture
~ Previously announced Light-Duty divestiture providing non-dilutive capital that strengthens Westport’s cash position~ VANCOUVER, British Columbia, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport") (TSX:WPRT / Nasdaq: WPRT), a supplier of alternative fuel systems and components for the global transportation industry, today announced that it has received $6.5 million (Euro 5.5 million) as part of its previously announced sale of the Light-Duty segment. The escrow payment
About this update from Westport Fuel Systems, Inc.
[{"type":"image","alt":"Westport Fuel Systems Inc.","displaySize":"","headline":null,"caption":"Westport Fuel Systems Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":222,"height":36,"url":"https://media.zenfs.com/en/globenewswire.com/c82e2686197001bae70e707b1ad33662"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/hwZAikRAFkj0U2kEguQkAQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTY4O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/c82e2686197001bae70e707b1ad33662","width":222,"height":36}},"lazy":false},{"type":"text","content":"~ Previously announced Light-Duty divestiture providing non-dilutive capital that strengthens Westport’s cash position~","length":119,"tagName":"p"},{"type":"text","content":"VANCOUVER, British Columbia, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport") (TSX:WPRT / Nasdaq: WPRT), a supplier of alternative fuel systems and components for the global transportation industry, today announced that it has received $6.5 million (Euro 5.5 million) as part of its previously announced sale of the Light-Duty segment. The escrow payment was triggered under the terms of the sale agreement following the achievement of a defined post-closing milestone.","length":499,"tagName":"p"},{"type":"text","content":"“This milestone payment reflects continued progress in the post-closing steps of our Light-Duty business divestiture,” said Elizabeth Owens, Chief Financial Officer at Westport. “While additional payments are expected as the transaction phases are completed, this interim payment strengthens our cash position today to support ongoing operations and our strategic initiatives. We remain disciplined in executing the remaining elements of the divestiture process along with our ongoing operational efficiency improvements.”","length":522,"tagName":"p"},{"type":"text","content":"Additional information relating to the Light-Duty divestiture can be found in news releases posted on Westport’s website HERE.","length":126,"tagName":"p"},{"type":"text","content":"About WestportWestport is a technology and innovation company connecting synergistic technologies to power a cleaner tomorrow. As a leading supplier of affordable, alternative fuel, low-emissions transportation technologies, we design, manufacture, and supply advanced components and systems that enable the transition from traditional fu...