Westport Innovations intends to offer common shares

Canada-based Westport Innovations Inc., a provider of high-performance engines and fuel systems using gaseous fuels, intends to sell its common shares in the United States and Canada pursuant to a preliminary prospectus supplement to its base shelf prospectus dated 28 July 2009.

Westport expects to use proceeds of an offering to further its business objectives of developing technology and relationships in new and adjacent market opportunities with OEMs focused on light-duty industrial and automotive and heavy-duty and high horsepower applications.

Any remaining net proceeds are expected to be used for general corporate purposes, including working capital requirements, infrastructure development, market creation activities, potential acquisitions of businesses, technologies or other assets, debt repayments, general and administrative expenses, supply chain development and capital expenditures including new facilities and equipment.

The completion of an offering is subject to negotiation of an underwriting agreement between Westport and possible underwriters, satisfaction of customary underwriting closing conditions and the acceptance or approval of the Toronto Stock Exchange.


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