Core Insights - Westport Fuel Systems has introduced a new compressed natural gas (CNG) solution that aims to enhance the performance and affordability of heavy-duty natural gas trucks, expanding the addressable market for its HPDI™ technology [1][3] - The new CNG solution is expected to provide diesel-like performance at a lower total cost of ownership while significantly reducing greenhouse gas emissions [1][4] Company Developments - The HPDI system has been available as a liquefied natural gas (LNG) solution and is currently operational in over 30 countries, powering more than 9,000 trucks globally [2] - Westport's proprietary CNG solution utilizes advanced high-pressure storage technology, which is designed to optimize system design and reduce lifecycle costs [3] - Field testing for the CNG solution is anticipated to begin in 2026, with commercialization expected to follow shortly after [3] Market Context - The transportation industry is increasingly recognizing the economic and environmental benefits of natural gas-based solutions, with renewable natural gas usage in transportation growing by 93% over the past five years [4][5] - The introduction of Westport's CNG solution is seen as a significant step towards providing lower fuel prices and reducing emissions in the heavy-duty transport sector [5] Strategic Goals - Westport aims to deliver practical, affordable, and scalable solutions for fleet operators, enhancing their competitiveness in a changing market [4] - The company is committed to supporting the transition to a low-carbon economy, aligning with Canadian government initiatives to strengthen leadership in clean energy solutions [5][6]