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Westport Innovations Inc ( WPT / WPRT ) Print E-mail
Transportation
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Monday, 16 November 2009 12:02
Westport Announces Cooperation with Volvo

~Westport to Develop & Supply Natural Gas Fuel System for Heavy Duty Engines~

Westport Innovations Inc. (TSX:WPT/ NASDAQ:WPRT), a global leader in alternative fuel, low-emissions transportation technologies, today announced that Volvo has entered into an agreement with Westport as a Tier 1 Development Supplier for its heavy duty natural gas engines and associated supply chain. Westport will supply its Westport HD technology and work together with the Gothenburg, Sweden engine manufacturer to qualify appropriate suppliers consistent with Volvo volume and quality expectations. The new natural gas engines are expected to meet future European emission requirements.

 
Gentex Corporation ( GNTX ) Print E-mail
Transportation
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Wednesday, 21 October 2009 11:05
Gentex Reports Third Quarter Financial Results

Gentex Corporation (NASDAQ:GNTX), the Zeeland, Michigan-based manufacturer of automatic-dimming rearview mirrors and commercial fire protection products, today reported results for the third quarter and nine months ended September 30, 2009.For the third quarter of 2009, the Company's net sales increased by two percent to $155.7 million compared with $153.1 million in the third quarter of 2008. The gross profit margin increased on a year-over-year basis from 30.5 percent in the third quarter of 2008 to 34.9 percent in the third quarter of 2009, primarily due to purchasing cost reductions, reduced fixed overhead costs, and improved product mix, partially offset by the impact of annual customer price reductions.

The Company's net sales increased by 33 percent on a sequential, quarter-to-quarter basis, from $117.3 million in the second quarter of 2009 to $155.7 million in the third quarter of 2009.

 
Azure Dynamics Corporation ( AZD ) Print E-mail
Transportation
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Wednesday, 26 August 2009 11:09
U.S. Postal Service Tests Azure Dynamics Vehicle

Azure Dynamics Corporation (TSX: AZD) - ("Azure") or (the "Company"), a leading developer of state-of-the-art green technologies that address environmental and cost issues for the commercial transportation industry, today announced that its Balance(TM) Hybrid Electric vehicle is the newest addition to the United States Postal Service fleet (USPS). USPS operates the largest civilian vehicle fleet in the world with over 220,000 vehicles traveling more than 1.2 billion miles a year. USPS consistently looks for opportunities to reduce the environmental impact of its fleet while also lowering operating cost, and is testing the Azure product to advance both efforts.

"USPS is the only federal agency with a dedicated Office of Sustainability," said Scott Harrison, Azure Dynamics CEO. "The organization has demonstrated its strong commitment to sustainability by publicly stating its goal of decreasing petroleum usage by 20% over the next five years while also lessening its environmental impact.

 
DRI Corporation ( TBUS ) Print E-mail
Transportation
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Thursday, 09 July 2009 10:52
DRI Corporation Receives Major Orders From Bus Vehicle Manufacturers in India

DRI Corporation (DRI) (NASDAQ: TBUS), a digital communications technology leader in the domestic and international surface transportation and transit security markets, announced today that the Company’s Mobitec Group in Sweden, through its Castmaster Mobitec India Private Limited joint venture in India, has received orders worth a combined total value exceeding $6 million USD from several transit bus vehicle manufacturers in India.

David L. Turney, the Company’s Chairman, President and Chief Executive Officer, said: “The Mobitec® products ordered – the combined total value of which has the potential to increase significantly – will be installed on new bus vehicles in five major metropolitan areas in India. Delivery on the present orders already is underway.

 
Westport Innovations Inc ( WPT / WPRT ) Print E-mail
Transportation
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Friday, 19 June 2009 09:27
Westport Named One of 50 Most Socially Responsible Companies in Canada

Westport Innovations Inc. (TSX:WPT)(NASDAQ:WPRT), a global leader in alternative fuel, low-emissions transportation technologies, has been named one of Canada's "50 Most Socially Responsible Corporations" by Jantzi Research in partnership with Maclean's magazine. The Jantzi-Maclean's Corporate Responsibility Report appears in the June 22, 2009 issue of Maclean's magazine.

Jantzi Research is an independent investment research firm focussing on the environmental, social and governance performance of securities. Jantzi created a social index, among others, on which Westport has been listed since 2000.

"The transition to a low-carbon economy requires vision and new ideas that move us beyond business as usual," said David Demers, Westport's CEO. "As a clean-technology leader, we are honoured to be named one of the 50 Most Socially Responsible Companies in Canada.

 
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