21.01.2005 15:02:00
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Cummins Westport Receives Major Engine Order from Beijing
Business Editors
VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 21, 2005--Cummins Westport Inc. and Westport Innovations Inc. (TSX:WPT):
Cummins Westport Inc. (CWI) today announced that it has received an order for 450 B-series natural gas engines for transit service in Beijing Public Transport Holdings Ltd. (BPT) Canadian Prime Minister Paul Martin took part in the announcement during a ceremony at BPT's headquarters.
BPT currently operates more than 2,200 CWI engines in its transit fleet, making it one of the cleanest bus fleets in the world. The announced engine order will be delivered in 2005.
Ching Gettman, CWI's General Manager, Asia said the latest bus order is a significant addition to Beijing's transit fleet. "This commitment represents the single largest order since CWI established a presence in China and is the first major sale of our high performance, low emissions B series engine product in China," said Gettman." As China moves to the lower Euro III environmental standards, we are ready with products that will meet their performance and cost expectations. This order is further evidence of the growth opportunity for natural gas engines in China."
International Trade Minister James Peterson, who is leading Canada's trade mission to China with the Prime Minister, was also on hand for the announcement. The trade mission is an opportunity for companies like Vancouver-based Cummins Westport to further explore commercial opportunities in Shanghai, Beijing and Hong Kong.
Cummins Westport Inc., a joint venture of Cummins Inc. (NYSE:CMI) and Westport Innovations Inc. (TSX:WPT), manufactures and sells the world's widest range of low-emissions alternative fuel engines for commercial transportation applications such as trucks and buses. Cummins is a global power leader in engines, electrical power generation systems and related technologies. Westport Innovations is the leading developer of technologies that allow engines to operate on clean-burning fuels such as natural gas, hydrogen, and hydrogen-enriched natural gas (HCNG).
Note: This document contains forward-looking statements about Cummins Westport's business, operations, technology development or to the environment in which it operates, which are based on Cummins Westport's estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, or are beyond Cummins Westport's control. 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. Cummins 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.
--30--JC/na*
CONTACT: Cummins Westport Inc./Westport Innovations Inc. Alexis Zehr Investor Relations (604) 718-2046 Email: invest@westport.com Website: www.westport.com OR Cummins Westport Inc. Sales & Marketing Product Information (604) 718-8100 Email: sales@cumminswestport.com Website: www.cumminswestport.com OR Cummins Inc. Mark Land Public Relations Director (317) 610-2456 Email: mark.d.land@Cummins.com Website: www.cummins.com
KEYWORD: NEW YORK INTERNATIONAL CANADA INDUSTRY KEYWORD: HARDWARE TRANSPORTATION TRAVEL ENVIRONMENT PRODUCT SOURCE: Cummins Westport Inc.
Copyright Business Wire 2005
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