VANCOUVER, B.C. — Westport Innovations and Cummins Inc. have renewed their joint venture agreement to develop markets for alternative fuel engines.
The two companies have also inked a Technology Partnership Agreement which paves the way for future technology development between the Westport Innovations and Cummins.
Tim Solso, Cummins chairman and CEO, said, “We are pleased to continue our partnership with Westport. Over the past three years, Cummins Westport has built a business that we believe can build on the strong customer relationships it has developed as well as achieve a sustainable bottom line. We wish the CWI team great success in this exciting venture and we look forward to this new partnership with Westport to build this business.”
Cummins Westport was formed as joint venture in 2001 to explore the potential of natural gas trucks. It’s a 50/50 venture between Cummins and Westport, with both companies holding equal shares in the venture.
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