Cummins Westport Inc.

Cummins Westport Inc.
Westport Innovations Inc.

Westport Innovations Inc.

July 06, 2005 09:00 ET

Cummins Westport Enters Bangladesh Transit Market: 30 Engines Ordered with Options for 120 Total

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 6, 2005) - Cummins Westport Inc. (CWI) today announced it has received an order for 30 CWI natural gas engines for new transit buses in Bangladesh. The order marks Cummins Westport's entry into the Bangladesh transit bus market. Delivery of the initial 30 buses begins this month, with options for a total of 120 buses by the end of November.

Cummins Westport signed an agreement with Chongqing Yutong Coach Manufacturing Co. Ltd. of China and IBH Motors Ltd. of Bangladesh for the 120-unit bus order. Bangladesh's International Television Channel, nTV, marked the event with coverage of the signing ceremony in Chongqing, China. The new buses, manufactured in China, will be powered by Cummins Westport B-series 5.9-liter engines, and are destined for commercial and public transit service in Bangladesh. IBH Motors Ltd. is purchasing the buses for a consortium of seven Bangladesh bus operators.

Bangladesh has significant natural gas reserves and growing infrastructure to support natural gas use in transportation. Natural gas fuelling stations are currently being built along major highways, providing support for inter-city transport. Due to the environmental benefits, the government has committed to the acquisition of additional natural gas engines by subsidizing natural gas prices and maintaining low import tariffs on natural gas engines. The price of natural gas in Bangladesh is three to five times lower than diesel.

With public transit the common mode of travel in Bangladesh, natural gas is a logical and secure fuel choice for Bangladesh governments and transit operators. This year alone, Bangladesh's new transit bus requirements exceed 500 units.

Chongqing Yutong will be manufacturing the buses at its facility in Chongqing, China. The bus manufacturer currently produces approximately 3,000 natural gas-powered buses per year. Chongqing Yutong's markets include customers in China, South East Asia, and South America.

"Bangladesh government and transit operators are focused on moving to natural gas engines to power their transit fleets. This provides Cummins Westport with great opportunities to supply Bangladesh transit bus operators with a reliable, high performance natural gas engine," said Guan Saw, President of Cummins Westport. "Bangladesh is an excellent model for CWI market access through partnerships with Chinese OEMs. We are pleased we can offer Bangladesh an economic and environmentally-beneficial solution, as there is an abundance of natural gas in the country."

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.

Contact Information