Core Viewpoint - Westport Fuel Systems Inc. has entered into lock-up agreements with shareholders representing approximately 2.0 million shares, or 11.4% of the outstanding shares, to support the sale of Westport Fuel Systems Italia S.r.l. [1][2] Transaction Overview - On March 31, 2025, Westport announced a binding agreement to sell its interest in Westport Fuel Systems Italia S.r.l., which includes the Light-Duty segment, to Heliaca Investments Coöperatief U.A. [3] - The base purchase price for the transaction is $73.1 million (€67.7 million), with potential earnouts of up to $6.5 million (€6.0 million) based on certain conditions [4] - The transaction is subject to shareholder approval and customary closing conditions, expected to close in late Q2 of 2025 [5] Financial Implications - Proceeds from the transaction are anticipated to enhance Westport's financial stability and support growth initiatives focused on decarbonizing mobility and industrial applications [6] - Post-closing, Westport plans to align its cost structure to reflect a smaller, more efficient organization while seeking further efficiency gains [6] Company Background - Westport Fuel Systems is a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels, serving approximately 70 countries [7]

Core Viewpoint - Westport Fuel Systems Inc. will release its 2024 financial results on March 31, 2025, before market opening, followed by a conference call and webcast to discuss the results and corporate developments [1]. Group 1: Financial Results Announcement - The financial results for 2024 will be announced on March 31, 2025, prior to market opening [1]. - A conference call and webcast will take place on the same day to discuss the financial results and other corporate developments [1]. Group 2: Conference Call Details - The conference call is scheduled for 1:30 p.m. ET (10:30 a.m. PT) [2]. - Participants can register up to 60 minutes before the event through a provided link, receiving dial-in information and a unique PIN upon registration [2]. Group 3: Webcast Information - The webcast will be archived on Westport's website, with a replay available for later viewing [3]. Group 4: Company Overview - Westport Fuel Systems is a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels, including natural gas, renewable natural gas, propane, and hydrogen [4]. - The company focuses on delivering performance and fuel efficiency for transportation applications while addressing climate change and urban air quality challenges [4]. - Headquartered in Vancouver, Canada, Westport operates in Europe, Asia, North America, and South America, serving customers in approximately 70 countries [4].