STATEMENT: Westport joins forces with transport and energy partners in Sweden (1)

(Information sent by the signatory company).

STATEMENT: Westport joins forces with transport and energy partners in Sweden (1)

(Information sent by the signatory company)

-Westport joins forces with transport and energy partners to demonstrate ICE hydrogen-powered transport in Sweden

Truck equipped with H HPDI™ fuel system operated by Heavy Hauler, KAJ Inrikes, transports trailer in Älmhult

VANCOUVER, BC, Dec. 12, 2023 /PRNewswire/ -- Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX: WPRT) (Nasdaq: WPRT), a leading provider of advanced fuel systems and components alternative for the global transportation industry, today announced the successful completion of a heavy haul demonstration with KAJ Inrikes and others, of its prototype truck equipped with an H HPDI™ fuel system that transports a trailer full of home décor products from IKEA in Älmhult, Sweden. This is the second validation of the H HPDI system in a heavy transportation application with a major fleet in the last 60 days1 and represents an important step to accelerate decarbonization in the heavy transportation industry.

The entire hydrogen ecosystem was represented during the event, including the production of green hydrogen; hydrogen filling stations; Westport's exclusive HPDI technology; vehicle manufacturers; fleet operators; and the end user, IKEA, as a buyer of sustainable transport services.

Ola Henriksson, Senior Product Manager at Scania, commented: “We had a great day participating in the Westport H HPDI fuel system technology exhibition and we appreciate this collaborative initiative and the hospitality of KAJ Inrikes and the surrounding players in the sector. of the hydrogen ecosystem." And he continued: "Scania remains faithful to its purpose of driving the change towards more sustainable transport systems, and the technology of using hydrogen in the internal combustion engine is an interesting decarbonization path because it represents an attractive solution with a high maturity and fast execution time."

Collaboration between Westport and key transportation and energy partners includes:

Westport's H HPDI fuel system for internal combustion engines results in a robust and affordable solution with greater power and torque than the same engine running on diesel fuel. Additionally, the European Commission has recommended a zero-emission vehicle definition as part of the upcoming HD CO2 regulation; Westport expects H HPDI-powered vehicles to meet this ZEV definition for a range of heavy commercial vehicles. In this collaborative effort, the truck equipped with Westport's hydrogen-powered HPDI fuel system towed a trailer filled with approximately 40 tons of IKEA home furnishing products, demonstrating the high performance of the IC hydrogen engine. .

Kaj Johansson, President of KAJ Inrikes, commented: "As the first Euro VI compliant heavy haul carrier in Sweden, we take emissions reduction very seriously. We are delighted to have taken part in this demonstration as it illustrates our commitment. with IKEA and all our customers, to support their transport decarbonization goals. He continued: "Westport's H HPDI fuel system is an affordable and efficient technology because it maintains the current driveline and compression ignition engine platform while delivering the high performance we need at low cost for decarbonization in transportation by long-distance road.

"Heavy transportation is recognized as one of the most challenging applications within transportation to decarbonize. These heavy transportation fleets require sustainable technologies that are viable for their operations, as well as practical and affordable for today's market," said Anders Johansson, vice president from Heavy-Duty OEM for Westport Fuel Systems. “We are encouraged to see a global retail giant like IKEA field-test our HPDI H truck prototype as part of their decarbonization journey, experiencing for themselves the robustness of the system and its real-life benefits.”

“We are happy to dedicate one of our lanes, operated by KAJ Inrikes, to test the hydrogen-powered vehicle,” said Michal Silhacek, land category manager for IKEA Supply Chain Operations. "We look forward to exploring the possible role of this technical solution in our future zero-emission transportation."

“We were very impressed with the Westport H HPDI technology,” said Nicklas Svensson, Senior Director at Smålandslogistik. "Its high efficiency, powerful performance and potential for long-range operations is a very attractive solution. Our confidence is reinforced by its basis on a traditional propulsion system, ensuring minimal investment in new workshop facilities. Furthermore , the system's adaptability to biogas is a significant advantage, which aligns with our vision of fuel self-sufficiency because we can use local biomass and excess electricity, transforming it into fuel for our truck fleet."

Christer Wikner, President and CEO of Metacon, commented, "It was fantastic to see Westport's technology in action today. This means that hydrogen can now power heavy-duty vehicles and offer greater efficiency, power and torque than the corresponding diesel engine. The introduction of high-performance internal combustion engines for hydrogen will accelerate the transformation of the transport sector without customers having to adapt to any real change other than the fuel used in their trucks.

"Westport's technology enables heavy vehicles to run on green hydrogen in an internal combustion engine and this is a milestone that is in line with Hydris' ongoing rollout of Sweden's largest hydrogen station network," he said. Peter Enå, CEO of Hydri AB. "We are excited to contribute to a transition in which high-performance hydrogen-powered vehicles become the norm, and Westport's progress confirms that we are on the right path. Together, we are strengthening the foundation on which to build a of sustainable transportation."

About Westport Fuel Systems

At Westport, we drive innovation to drive a cleaner tomorrow. We are a leading provider of advanced components and delivery systems for clean, low-carbon fuels, such as natural gas, renewable natural gas, propane and hydrogen, to the global transportation industry. Our technology delivers the performance and fuel efficiency transportation applications require and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America and South America, we serve our customers in more than 70 countries with leading global transportation brands. At Westport we think about the future. For more information, visit www.wfsinc.com.

About KAJ Inrikes AB

KAJ Inrikes AB is based in Älmhult and carries out transport operations focusing on transport for IKEA, including deliveries from the distribution centers in Älmhult and Torsvik to department stores in Malmö, Helsingborg, Älmhult, Kalmar, Gothenburg, Uddevalla, Karlstad , Örebro and Västerås. Deliveries to distribution centers by IKEA suppliers are also a key transportation initiative of the company. For more information, visit kajinrikes.es.

About Metacon AB

Metacon AB is an international energy technology company that markets energy systems for the production of hydrogen, electricity and heat. Metacon was founded in 2011 and is headquartered in Uppsala, Sweden. Metacon offers large-scale electrolyzer systems and also develops and owns patented technology for the cost-effective and electricity-independent production of green hydrogen from biogas or other hydrocarbons such as ethanol, through compact catalytic reforming systems. Metacon serves the transportation sector, heavy industry and real estate markets, providing innovative products and solutions designed to positively impact the environment and climate. For more information, visit Metacon.

About Hydri

Hydri, an infrastructure company based in Göteborg, Sweden, is a hydrogen refueling company aimed at the transportation industry. Hydri is establishing the first and largest network of green hydrogen stations in Sweden to be deployed from 2024. For more information, visit hydri.co.

Forward-looking statements

This press release contains "forward-looking information" within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are frequently characterized by words such as "expects," "intends," "may," "could," "potential," "proposed" and other similar words, or statements that certain events or conditions "may" or " may" occur. Forward-looking statements made in this press release include statements regarding the timing and commitment to decarbonizing the heavy transportation sector and the potential utilization of H2 HPDI technology, and the performance, features and profitability thereof. These forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties and are based on both management's opinions and assumptions that may cause Westport's actual results, levels of activity, performance or achievements to be materially different. different from any future results, levels of activities, performance or achievements expressed or implied by these forward-looking statements. These risks, uncertainties and assumptions include those related to the timing and commitment to decarbonize the heavy transportation sector and the potential utilization of H2 HPDI technology, the price and availability of hydrogen as a transportation fuel, our ability to address the technological challenges, government policies and regulations, as well as other risk factors and assumptions that may affect our actual results, performance or achievements or financial position that are described in Westport's continuous disclosure files available on Westport's SEDAR profile at www. sedar.com and on Westport's EDGAR profile. at www.sec.gov. Readers should not place undue reliance on such forward-looking statements, which speak only as of the date on which they are made. Westport disclaims any obligation to publicly update or revise any such statements to reflect any change in its expectations or in events, conditions or circumstances on which such statements may be based, or which may affect the likelihood that actual results will differ from those stated. in these forward-looking statements except as required by law.

Contactos: Westport Media Relations, NA T: 1 947-339-8097, EUROPA T: 39 337-144-8438, E: media@wfsinc.com; Westport Investor Relations, T: 1 604-718-2046, E: invest@wfsinc.com

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