UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
6-K
REPORT OF FOREIGN PRIVATE
ISSUER PURSUANT
TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of
December 2023
Commission File Number: 001-34152
Westport
Fuel Systems Inc.
(Translation of registrant's name into English)
1691 West 75th Avenue, Vancouver,
British Columbia, Canada, V6P 6P2
(Address of principal executive office)
Indicate by check mark whether the registrant files
or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
On December 19, 2023, the Registrant
issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Exhibit
99.1 - Press release dated December 19, 2023
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Westport Fuel Systems Inc. |
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(Registrant) |
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Date: December 19, 2023 |
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/s/ William Larkin |
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William Larkin |
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Chief Financial Officer |
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Exhibit 99.1
Westport Awarded
Development Contract with a Global Heavy Truck Manufacturer to Adapt and Commercialize Next Gen LNG HPDI™ Fuel System for the Euro
7 Vehicle Platform
VANCOUVER, BC, Dec.
19, 2023 /CNW/ - Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX: WPRT) (NASDAQ: WPRT), a leading
supplier of advanced alternative fuel systems and components for the global transportation industry, today announced that it has been
awarded a development program by a global heavy truck manufacturer to adapt its Next Generation LNG HPDI™ fuel system to meet the
Euro 7 emissions requirements for heavy-duty vehicle applications. The value of the development program is estimated to be USD$33 million
and will be funded by the original equipment manufacturer (OEM). Work on the program is already underway with a targeted launch of the
new LNG and liquified biomethane fueled product within a few years.
Caption: The Westport
Next Generation LNG HPDI™ fuel system consists of On and Off Engine Components: Fuel Rail, HPDI Fuel Injector, Gas Rail Inlet Injector
& Gas Rail Vent Valve, Rail Pressure Regulator, HPDI Control Software, Integrated Gas Module, Cryogenic High-pressure Pump and Cryogenic
Tank. (CNW Group/Westport Fuel Systems Inc.)
Westport's Next Generation
HPDI fuel system has been developed to meet the Euro 7 standards and will introduce the following new features:
- Improved fuel pressure control,
thereby improving fuel efficiency
- Supporting higher pressure fuel
supply systems to maximize engine performance and Brake Thermal Efficiency (BTE)
- Improved reliability and durability
- On Board Fuel Consumption Monitoring
(OBFCM)
"This new program
exemplifies our longstanding relationship with the OEM, emphasizing our shared vision of creating sustainable transport solutions around
the world. Our LNG HPDI fuel system enables long-haul trucks to significantly reduce CO2 emissions now while fully meeting
a fleet's performance demands for payload, performance, and durability, as well as stringent Euro 7 emission regulations," said
Anders Johansson, vice president of Heavy-Duty OEM for Westport Fuel Systems. "Our collaboration advances our realistic, affordable
and immediately available solution for fleets to achieve their decarbonization goals as well as driving the acceleration and scaling
of development for global market adoption for a variety of OEMs," he added.
The program marks Westport's
next major engagement with the OEM to develop low carbon solutions for heavy-duty trucking with the development of Westport's Next Generation
LNG HPDI fuel system encompassing on and off engine components. This new fuel system is an evolution of the existing HPDI LNG truck application
from the OEM that is commercially available today and has been on the road for several years.
The Euro 7 standards
are aimed at reducing air pollution from road transport, addressing pollutants such as nitrogen oxides (NOx) and particulate matter,
by lowering emissions limits from new motor vehicles sold in the European Union, versus the standards currently set out in Euro VI. Final
agreement on the new regulation remains outstanding, but for heavy-duty vehicles the European Commission's proposal is to implement the
new standards from mid-2027.
About Westport Fuel Systems
At Westport, we are
driving innovation to power a cleaner tomorrow. We are a leading supplier of advanced fuel delivery components and systems for clean,
low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global transportation industry. Our technology
delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate
change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America, and South
America, we serve our customers in more than 70 countries with leading global transportation brands. At Westport, we think ahead. For
more information, visit www.wfsinc.com.
Forward-Looking Statements
This press release
contains forward-looking statements, including statements regarding the growth of the global market for alternative fuel systems, the
factors responsible for such growth, the expected revenue, timing of revenue, timing of government regulations and expected date for
commencement of production of the referenced LNG fuel system and components. These statements are neither promises nor guarantees but
involve known and unknown risks and uncertainties and are based on both the views of management and assumptions that may cause our actual
results, levels of activity, performance, or achievements to be materially different from any future results, levels of activities, performance,
or achievements expressed in or implied by these forward-looking statements. These risks, uncertainties, and assumptions include those
related to the general economy, governmental policies and regulation, the demand for LNG fuel system and components, supply chain disruptions,
as well as other risk factors and assumptions that may affect our actual results, performance, or achievements, or financial position
discussed in our most recent Annual Information Form and other filings with securities regulators. Readers should not place undue reliance
on any such forward-looking statements, which speak only as of the date they were made. We disclaim any obligation to publicly update
or revise such statements to reflect any change in our expectations or in events, conditions, or circumstances on which any such statements
may be based, or that may affect the likelihood that actual results will differ from those set forth in these forward-looking statements
except as required by National Instrument 51-102. The contents of any website referenced in this press release are not incorporated by
reference herein.
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SOURCE Westport Fuel
Systems Inc.
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to download multimedia: http://www.newswire.ca/en/releases/archive/December2023/19/c6589.html
%CIK: 0001370416
For further information: Westport
Media Relations, NA T: +1 947-339-8097, EUROPE T: +39 337-144-8438, E: media@wfsinc.com; Westport Investor Relations, T: +1 604-718-2046,
E: invest@wfsinc.com
CO: Westport Fuel Systems
Inc.
CNW 16:10e 19-DEC-23
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