Cummins Westport Receives Order for 150 Engines From Beijing.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--April 1, 2004 Cummins Westport Inc. (CWI CWI - Centrum voor Wiskunde en Informatica ) today announced that it has received an order for 150 B-series natural gas engines for transit service in Beijing. Beijing Public Transportation Corporation, which currently operates more than 2,000 CWI engines in its transit fleet, has ordered the engines to be installed in buses manufactured by Beijing General Coach Factory in Beijing, China. The engines will be delivered in the second quarter of this calendar year. As part of Beijing's commitment to clean up its air quality ahead of the 2008 Olympic games Olympic games, premier athletic meeting of ancient Greece, and, in modern times, series of international sports contests. The Olympics of Ancient Greece Although records cannot verify games earlier than 776 B.C. , the city has begun replacing its transit fleet with cleaner engines. Beijing's current transit fleet of 13,000 buses is expected to reach 18,000 by 2008. At that size, Beijing's transit fleet alone will be equal to 30% of the total transit bus A transit bus (also known as a commuter bus) in the United States is usually operated by an urban-suburban bus line, a governmental public transit agency, or a contractor. A transit bus is normally used on public transit routes. market in the United States. "This is a significant addition to Beijing's transit fleet and an important order for CWI," said Hugh Foden, President of CWI. "We believe this order is representative of the potential growth and expanding markets that China offers in the natural gas vehicle industry." Cummins Westport Inc., a joint venture of Cummins Inc. (NYSE NYSE See: New York Stock Exchange :CMI (Computer-Managed Instruction) Using computers to organize and manage an instructional program for students. It helps create test materials, tracks the results and monitors student progress. ) and Westport Innovations Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :WPT WPT World Poker Tour WPT Waypoint WPT Wisconsin Public Television WPT Watson Poker Tour WPT Wonderlic Personnel Test WPT Wavelet Packet Transform WPT Wireless Power Transmission WPT Windfall Profit WPT Wireless Personal Terminal WPT Word Processing Technician ), develops and markets low-emissions, alternative fuel engines manufactured by Cummins. Cummins is a global power leader in engines, electrical power generation systems and related technologies. Westport Innovations is the leading developer of clean natural gas- and hydrogen-fueled engines. 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. |
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