A fuel system developed by Vancouver's Westport Innovations Inc. (TSX:WPT) may be used in future engines produced by a major European engine manufacturer.
Westport signed a development deal that will integrate and test the company's high pressure direct injection fuel system with the European firm's engine.
The name of the company and financial details of the deal were not disclosed.
Westport's fuel system operates with natural gas and biogas, which can reduce transportation fuel costs when compared with the use of regular gasoline.
Westport's share price range during the past week: between $4.73 and $4.90; 52-week high: $5.50; 52-week low: $1.51.