Westport Reports Third Quarter Fiscal 2013 Financial Results

~ Quarterly Revenues Up 51% Year over Year; Westport Maintains Annual Revenue 
Outlook ~ 
VANCOUVER, Oct. 30, 2013 /CNW/ - Westport Innovations Inc. (TSX:WPT / 
NASDAQ:WPRT), the global leader in natural gas engines, today reported 
financial results for the third quarter ended September 30, 2013 and provided 
an update on operations. All figures are in U.S. dollars unless otherwise 
stated. 
Highlights include: 


    --  Westport revenue, excluding joint ventures' revenues, for the
        quarter ended September 30, 2013 was $46.5 million compared
        with $30.7 million for the same period last year, an increase
        of 51%.
    --  Westport revenue, excluding joint ventures' revenues, for the
        nine months ended September 30, 2013 was $111.4 million
        compared with $115.7 million for the same period last year.
    --  Segment revenue for the quarter ended September 30, 2013 was:
        $20.3 million for Applied Technologies; $17.8 million for
        On-Road Systems; $8.4 million for Corporate and Technology
        Investments; $77.5 million for Cummins Westport Inc. (CWI); and
        $114.6 million for Weichai Westport Inc. (WWI).
    --  Westport revenue plus CWI revenue for the quarter ended and
        nine months ended September 30, 2013 was $124.0 million and
        $311.6 million, respectively, compared with $76.2 million and
        $270.8 million, respectively, for the same period last year.
    --  In the third quarter of 2013, CWI shipped 2,409 units and WWI
        shipped 9,080 units.
    --  For the quarter ended September 30, 2013 Westport reported a
        net loss of $30.2 million, or $0.53 loss per share, compared
        with $32.5 million, or $0.59 loss per share, for the same
        period last year.
    --  Subsequent to the quarter ended September 30, 2013, Westport
        increased cash balance by $148.2 million through a financing
        transaction, which closed on October 1, 2013.

"2013 is an exciting transition year for us as we see the continued rapid 
development of markets for natural gas vehicles," said David Demers, CEO of 
Westport. "As natural gas truly begins to penetrate our economy, the benefits 
of a step change cost in transportation energy will be profound and 
far-reaching. Westport is moving quickly as we transition from a market 
creation culture into a full commercial operation. Over the next few years we 
will be rebalancing our product portfolio and our business model as our OEM 
partnerships mature and develop."

"First, in terms of developments in our current portfolio, Cummins Westport's 
new ISX12 G is off to a good start this year and we expect very strong growth 
next year. I think we have the right product at the right time to see a real 
breakthrough that will establish natural gas as a major fuel for trucks around 
the world which will be a catalyst for further investment in refueling 
infrastructure. Furthermore, it is great to see interest building for the 
Westport iCE PACK(TM) liquefied natural gas (LNG) Tank system as illustrated 
in our purchase order announcement earlier today for 900 iCE PACKs over the 
next two years."

"We see many of the engine and vehicle OEMs transitioning to natural gas on a 
vertically-integrated basis and our recently completed equity financing gives 
us the balance sheet strength to expand our reach into fast developing 
opportunities where we can create value for our OEM partners and Westport 
shareholders," stated Demers.

Third Quarter Fiscal Year 2013 Financial Highlights

 ____________________________________________________________________
|              | Three Months  |        |  Nine Months Ended|        |
|              |     Ended     |        |                   |        |
|              |               |        |      September 30,|        |
|              | September 30, |        |                   |        |
|______________|_______________|% Change|___________________|% Change|
|($ in         | 2013 |   2012 |        |   2013  |   2012  |        |
|millions,     |      |        |        |         |         |        |
|except per    |      |        |        |         |         |        |
|share amounts)|      |        |        |         |         |        |
|______________|______|________|________|_________|_________|________|
|Consolidated  | $    |   $    |     51%|    $    |    $    |    (4%)|
|revenues      |  46.5|    30.7|        |    111.4|    115.7|        |
|______________|______|________|________|_________|_________|________|
|Consolidated  |  16.0|     7.8|    105%|     32.4|     39.7|   (18%)|
|gross margin  |      |        |        |         |         |        |
|______________|______|________|________|_________|_________|________|
|Consolidated  | 34.4%|   25.4%|       -|    29.1%|    34.3%|       -|
|gross margin  |      |        |        |         |         |        |
|percentage    |      |        |        |         |         |        |
|______________|______|________|________|_________|_________|________|
|Operating     |  42.9|    32.7|     31%|    127.2|     98.8|     29%|
|expenses      |      |        |        |         |         |        |
|(Research and |      |        |        |         |         |        |
|development,  |      |        |        |         |         |        |
|general and   |      |        |        |         |         |        |
|administrative|      |        |        |         |         |        |
|and sales and |      |        |        |         |         |        |
|marketing)    |      |        |        |         |         |        |
|______________|______|________|________|_________|_________|________|
|Income from   |   3.7|     4.3|   (14%)|     10.0|     14.4|   (31%)|
|unconsolidated|      |        |        |         |         |        |
|joint ventures|      |        |        |         |         |        |
|______________|______|________|________|_________|_________|________|
|Consolidated  |(19.5)|  (17.6)|     11%|   (73.7)|   (35.5)|    108%|
|Adjusted      |      |        |        |         |         |        |
|EBITDA (The   |      |        |        |         |         |        |
|reconciliation|      |        |        |         |         |        |
|of Adjusted   |      |        |        |         |         |        |
|EBITDA is     |      |        |        |         |         |        |
|described     |      |        |        |         |         |        |
|below)        |      |        |        |         |         |        |
|______________|______|________|________|_________|_________|________|
|Cash and      | 89.3*|   255.5|   (65%)|     89.3|    255.5|   (65%)|
|short-term    |      |        |        |         |         |        |
|investments   |      |        |        |         |         |        |
|balance       |      |        |        |         |         |        |
|______________|______|________|________|_________|_________|________|
|Net loss      |(30.2)|  (32.5)|    (7%)|   (96.0)|   (61.2)|     57%|
|______________|______|________|________|_________|_________|________|
|Net loss per  |   $  |     $  |   (10%)|$  (1.72)|$  (1.14)|     51%|
|share         |(0.53)|  (0.59)|        |         |         |        |
|______________|______|________|________|_________|_________|________|

*As of October 1, 2013, cash and short-term investments balance was $237.5 
million.

Path to Profitability

2013 is a transition year. As Westport shifts from market creation work to a 
full commercial operation and profitability, Westport has two interim 
milestones. Westport's first milestone is to have its three operating business 
units to be Adjusted EBITDA positive by the end of 2014. Westport's second 
milestone is to have its consolidated business to be Adjusted EBITDA positive 
by the end of 2015, driven by contributions from Westport's operating business 
units, Westport's share of net income from the joint ventures, and service 
revenue earned from Westport's development partners.

Business Units Adjusted EBITDA*
                                             Three Months Ended

($ in millions)         September 30, 2013 June 30, 2013 March 31, 2013

Applied Technologies        $          2.1 $         2.9 $          2.3

On-Road Systems                      (7.2)         (8.6)          (8.6)

New Markets and                      (3.6)         (3.1)          (2.4)
Off-Road Systems

Total Operating                      (8.7)         (8.8)          (8.7)
Business Units Adjusted
EBITDA
                                                          

Corporate & Technology              (10.8)        (19.0)         (17.7)
Investments

Consolidated Adjusted          $    (19.5)   $    (27.8)    $    (26.4)
EBITDA

*Adjusted EBITDA reconciliation is described below.

Third Quarter Fiscal Year 2013 Financial Highlights
    --  Westport product revenue, excluding joint ventures' revenues,
        for the quarter ended September 30, 2013 was $32.9 million, an
        increase of $4.6 million, or 16.3%, from $28.3 million for the
        quarter ended September 30, 2012. The increase is primarily due
        to revenue generated through the BAF acquisition and increased
        sales of high pressure direct injection (Westport(TM) HPDI)
        systems. Westport parts revenue for the quarter ended September
        30, 2013 was $3.7 million, an increase of $2.7 million, or
        270%, from $1.0 million for the quarter ended September 30,
        2012. Service and other revenue was $9.9 million for the
        quarter ended September 30, 2013 compared with $1.4 million for
        the same period last year.  The $8.5 million increase is due to
        the timing of revenue recognized under Westport development
        agreements.
    --  Research and development expenses were $23.5 million for the
        quarter ended September 30, 2013, an increase of $7.1 million
        from $16.4 million in the same period last year. These expenses
        were driven by increases in investments under new and existing
        on-road and off-road development programs.
    --  Selling, general and administrative expenses were $19.4 million
        for the quarter ended September 30, 2013, an increase of $3.1
        million from $16.3 million in the same period last year
        primarily due global market development efforts.
    --  Westport consolidated net loss for the quarter ended September
        30, 2013 decreased from $32.5 million in 2012 to $30.2 million.
        Included in the net loss for the three months ended September
        30, 2013 and September 30, 2012 is a $1.3 million and a $7.4
        million net foreign exchange loss, respectively, attributed
        mainly to the movement in the Canadian dollar relative to the
        U.S. dollar, which is unrealized. Excluding this impact,
        Westport consolidated net loss and net loss per share was $28.9
        million and $0.51, respectively, for the quarter ended
        September 30, 2013, and $25.1 million and $0.46, respectively,
        for the quarter ended September 30, 2012.
    --  For the quarter ended September 30, 2013, Westport reported a
        consolidated Adjusted EBITDA loss of $19.5 million compared
        with a loss of $17.6 million in the prior year period. The
        reconciliation of Adjusted EBITDA is described below.
    --  Cash used in the quarter ended September 30, 2013 was $46.0
        million including $12.4 million in debt-related repayments.
        Excluding the debt-related repayments, cash used in the quarter
        was $33.6 million.

Operating Business Unit Highlights

Applied Technologies
    --  Applied Technologies gross margin and gross margin percentage
        for the quarter ended September 30, 2013 increased to $6.5
        million and 32%, respectively, compared to $5.2 million and
        25%, respectively, in the prior year period primarily due to
        service revenue and product mix.
    --  Applied Technologies operating expenses for the quarter ended
        September 30, 2013 increased by $1.5 million compared to the
        prior year period primarily related to higher research and
        development costs for new products.
    --  During the quarter, Westport launched a new high pressure
        natural gas system, consisting of tank valve and filling valve,
        for the automotive market in China and Europe. The new system
        is lighter, smaller, and designed and validated to the OEMs'
        standards. Supplying to two of the leading European automotive
        OEMs, Westport's high pressure natural gas system will be
        integrated into their existing and new natural gas vehicle
        platforms.

On-Road Systems
    --  On-Road Systems revenue for the quarter ended September 30,
        2013 increased by 109% to $17.8 million compared to $8.5
        million in the same period last year as a result of revenue
        generated from BAF and increased sales of HPDI systems.
    --  The production of Volvo V60 Bi-Fuel car has started and the
        first delivery is expected to be in the beginning of December.
    --  Westport On-Road business strategy is to provide HPDI as a
        vertically integrated solution for engine and truck OEMs. The
        current generation of HPDI on the Westport 15L engine is still
        assembled in Vancouver using an upfit process. Westport's
        production focus is shifting from an upfit model to vertical
        integration of Westport's next generation of HPDI for targeted
        OEMs. The last day for orders for the 15L engine with Westport
        HPDI with 2013 Environmental Protection Agency 2010
        certification will be November 15, 2013. However, Westport
        plans to continue to offer an HPDI solution for Australia in
        concert with Westport's fuelling partners for the foreseeable
        future.
    --  Westport strives to deliver the best customer experience and is
        committed to the continuation of its class-leading support for
        all existing customers. In 2014, Westport will leverage service
        and support activities in the Westport U.S. operations to take
        advantage of logistics and to better assist its U.S. customer
        base. While Westport OEM partners implement vertically
        integrated natural gas engine strategies, they will have a
        strong product offering in the vocational and regional haul
        segment in the Cummins Westport ISX12 G natural gas engine and
        the Westport iCE PACK™ LNG Tank System.

New Markets and Off-Road Systems
    --  Westport continues its strong collaboration with Caterpillar
        and EMD to develop HPDI-based fuel systems and LNG tank systems
        for large mine trucks and locomotives. To date, the
        collaborative HPDI system has been demonstrated on
        multi-cylinder versions of the Caterpillar C175 and EMD 710
        engines used in large mine trucks and locomotives,
        respectively. Test data is confirming full diesel power,
        torque, and efficiency with high natural gas substitution
        rates.
    --  Westport has entered into the final phase of the
        previously-announced HPDI locomotive demonstration project,
        with the consortium members Canadian National Railways (CN),
        EMD, and Gaz Metro, partially funded by Sustainable Technology
        Development Canada. This demonstration project will also
        include a prototype LNG Tender for HPDI locomotives.
    --  The first revenue is expected to be recorded in the fourth
        quarter of 2013 for delivery of LNG Tenders to CN as previously
        announced.

Cummins Westport Inc. Highlights

 ___________________________________________________________________
|          | Three Months Ended |        |Nine Months Ended|        |
|          |                    |        |                 |        |
|          |   September 30,    |% Change|  September 30,  |% Change|
|__________|____________________|        |_________________|        |
|($ in     |    2013  |   2012  |        |2013 |     2012  |        |
|millions) |          |         |        |     |           |        |
|__________|__________|_________|________|_____|___________|________|
|Units     |     2,409|    1,588|     52%|6,438|      5,503|     17%|
|__________|__________|_________|________|_____|___________|________|
|Revenue   |$     77.5|$    45.5|     70%|$    |$     155.1|     29%|
|          |          |         |        |200.2|           |        |
|__________|__________|_________|________|_____|___________|________|
|Gross     |      17.7|     13.4|     32%| 50.5|       50.5|       -|
|margin    |          |         |        |     |           |        |
|__________|__________|_________|________|_____|___________|________|
|Gross     |     22.8%|    29.5%|       -|25.2%|      32.6%|       -|
|margin    |          |         |        |     |           |        |
|percentage|          |         |        |     |           |        |
|__________|__________|_________|________|_____|___________|________|
|Operating |       9.8|      6.4|     53%| 30.6|       17.1|     79%|
|expenses  |          |         |        |     |           |        |
|__________|__________|_________|________|_____|___________|________|
|Segment   |       7.9|      7.0|     13%| 19.9|       33.4|   (40%)|
|operating |          |         |        |     |           |        |
|income    |          |         |        |     |           |        |
|__________|__________|_________|________|_____|___________|________|
|Net income|       2.5|      3.6|   (31%)|  6.6|       12.0|   (45%)|
|to        |          |         |        |     |           |        |
|Westport  |          |         |        |     |           |        |
|__________|__________|_________|________|_____|___________|________|
    --  CWI engine shipments for the quarter ended September 30, 2013
        increased by 52% to 2,409 units compared with 1,588 units in
        the prior year period. The quarterly volumes in North America
        increased by 103% driven by higher sales in all segments
        particularly truck applications. Growth in the trucking segment
        increased as a result of the launch of the 400HP version of the
        ISX12 G engine in August.
    --  The decrease in CWI gross margin percentage during the quarter
        is primarily due to mix of sales, mainly from the sale of the
        ISX12 G engines, which have a low gross margin on product
        launch. In addition, warranty adjustments and net extended
        coverage claims of $6.6 million were recorded in the three
        months ended September 30, 2013, an increase of $3.1 million
        compared to the prior year period. Excluding the warranty
        impact on the ISL G, CWI gross margin percentage would have
        been 31.4%.
    --  The increase in operating expenses is driven by research and
        development expenses related to the ISX12 G, the development of
        the ISB6.7 G, and ongoing investments to improve product
        reliability and customer satisfaction.
    --  CWI's net income attributable to Westport was $2.5 million for
        the quarter ended September 30, 2013, compared with $3.6
        million in the prior year period. The decrease is related to
        research and development tax credits claimed by CWI in the
        prior year period of $2.6 million and income tax expense of
        $2.5 million, which resulted in income tax recovery of $0.1
        million, compared to income tax expense of $2.8 million in the
        current year period. Excluding the impact of the tax credit
        claims, CWI's net income to Westport was $2.3 million in the
        prior year period.

Weichai Westport Inc. Highlights

 _____________________________________________________________________
|          |   Three Months |% Change|    Nine Months Ended  |% Change|
|          |      Ended     |        |                       |        |
|          |                |        |      September 30,    |        |
|          |  September 30, |        |                       |        |
|__________|________________|        |_______________________|        |
|($ in     |2013 |    2012  |        |     2013  |     2012  |        |
|millions) |     |          |        |           |           |        |
|__________|_____|__________|________|___________|___________|________|
|Units     |9,080|     4,825|     88%|     30,019|     12,884|    133%|
|__________|_____|__________|________|___________|___________|________|
|Revenue   |$    |$     58.7|     95%|$     373.0|$     164.7|    126%|
|          |114.6|          |        |           |           |        |
|__________|_____|__________|________|___________|___________|________|
|Gross     |  8.8|       4.6|     91%|       27.8|       20.3|     37%|
|margin    |     |          |        |           |           |        |
|__________|_____|__________|________|___________|___________|________|
|Gross     | 7.7%|      7.8%|       -|       7.5%|      12.3%|       -|
|margin    |     |          |        |           |           |        |
|percentage|     |          |        |           |           |        |
|__________|_____|__________|________|___________|___________|________|
|Operating |  4.6|       2.3|    100%|       15.6|       12.1|     29%|
|expenses  |     |          |        |           |           |        |
|__________|_____|__________|________|___________|___________|________|
|Segment   |  4.2|       2.3|     83%|       12.2|        8.2|     49%|
|operating |     |          |        |           |           |        |
|income    |     |          |        |           |           |        |
|__________|_____|__________|________|___________|___________|________|
|Westport's|  1.3|       0.7|     86%|        3.6|        2.3|     57%|
|35%       |     |          |        |           |           |        |
|interest  |     |          |        |           |           |        |
|__________|_____|__________|________|___________|___________|________|
    --  In the third quarter of 2013, WWI increased sales by 95%
        compared to the same period last year as market demand for
        natural gas trucks and buses continues to increase.
    --  Based on NGV Communications and Westport analysis, China had
        1,730 LNG stations as of June 30, 2013 compared with 635 LNG
        stations in the prior year period.
    --  For the quarter ended September 30, 2013, shipment for trucking
        and bus applications increased by 158% and 23%, respectively,
        compared to the prior year period.

Non-GAAP Financial Measure; Adjusted EBITDA Results
Adjusted EBITDA is used by management to review operational progress of its 
business units and investment programs over successive periods and as a 
long-term indicator of operational performance since it ties closely to the 
unit's ability to generate sustained cash flows. Westport defines Adjusted 
EBITDA as net loss attributed to the business unit or the consolidated company 
excluding expenses for (a) income taxes, (b) depreciation and amortization, 
(c) interest expense, net, (d) amortization of stock-based compensation, and 
(e) unrealized foreign exchange loss or gain. Adjusted EBITDA includes 
Westport's share of income from the joint ventures (JVs). The term Adjusted 
EBITDA is not defined under U.S. generally accepted accounting principles 
(U.S. GAAP) and is not a measure of operating income, operating performance or 
liquidity presented in accordance with U.S. GAAP. Adjusted EBITDA has 
limitations as an analytical tool, and when assessing Westport's operating 
performance, investors should not consider Adjusted EBITDA in isolation, or as 
a substitute for net loss or other consolidated statement of operations data 
prepared in accordance with U.S. GAAP. Among other things, Adjusted EBITDA 
does not reflect Westport's actual cash expenditures. Other companies may 
calculate similar measures differently than Westport, limiting their 
usefulness as comparative tools. Westport compensates for these limitations by 
relying primarily on its GAAP results and using Adjusted EBITDA only 
supplementally.
                          Three Months Ended        Nine Months Ended
                              September 30,            September 30,
                            2013          2012         2013       2012

Net loss              $   (30.2)    $   (32.5)   $   (96.0) $   (61.2)

Provision for income         0.3           0.1          0.9        1.6
taxes

Depreciation and             4.3           2.9         11.7        8.1
amortization

Interest expense, net        1.2           1.6          3.7        3.9
                                                                      

EBITDA                    (24.4)        (27.9)       (79.7)     (47.6)

Amortization of              3.6           2.9         11.1        9.2
stock-based
compensation

Unrealized foreign           1.3           7.4        (5.1)        2.9
exchange gain (loss)
                                                                      

Adjusted EBITDA       $   (19.5)    $   (17.6)   $   (73.7) $   (35.5)
    For the three months ended September 30, 2013
                                                                          Adjustments                         

($ in                                                   Westport's
millions)
                                                         Share of
                        Segment operating               Income from             Stock-based         Adjusted
                          income (loss)                   the JVs               compensation         EBITDA

Applied                           $       1.6           $           -              $        0.5               
Technologies                                                                                      $        2.1

On-Road                                                                                                       
Systems                                 (7.9)                       -                       0.7          (7.2)

New Markets                                                                                                   
and Off-Road                            (4.7)                       -                       1.1          (3.6)
Systems

Corporate                                                                                                    
and                                    (15.9)                       3.7                     1.4         (10.8)
Technology
Investments
                                                                                                              

For the                                                                                                       
three months
ended June
30, 2013
                                                                          Adjustments                         

($ in                                                   Westport's
millions)
                                                         Share of
                        Segment operating               Income from             Stock-based           Adjusted
                          income (loss)                   the JVs               compensation            EBITDA

Applied                                $                $           -               $       0.7       $    2.9
Technologies                              2.2

On-Road                                                                                                       
Systems                                 (9.4)                       -                       0.8          (8.6)

New Markets                                                                                                   
and Off-Road                            (3.5)                       -                       0.4          (3.1)
Systems

Corporate                                                                                                    
and                                    (25.8)                       4.6                     2.2         (19.0)
Technology
Investments
                                                                                                              

For the                                                                                                       
three months
ended March
31, 2013
                                                                          Adjustments                         

($ in                                                   Westport's
millions)
                                                         Share of
                        Segment operating               Income from             Stock-based         Adjusted
                          income (loss)                   the JVs               compensation         EBITDA

Applied                           $       1.9           $           -               $       0.4       $       
Technologies                                                                                               2.3

On-Road                                                                                                       
Systems                                 (9.1)                       -                       0.5          (8.6)

New Markets                                                                                                   
and Off-Road                            (2.8)                       -                       0.4          (2.4)
Systems

Corporate                                                                                                    
and                                    (21.4)                       1.7                     2.0         (17.7)
Technology
Investments

Financial Outlook for 2013 Westport reiterates its revenue outlook to between 
$160 million and $180 million for the calendar year ended December 31, 2013.

Outlook
This press release includes financial outlook information for Westport and 
such information is being provided for the purpose of updating prior revenue 
disclosure and may not be appropriate for, and should not be relied upon for, 
other purposes.

Financial Statements & Management's Discussion and Analysis
To view Westport's full financials for the quarter ended September 30, 2013, 
please point your browser to the following link: 
http://www.westport.com/investors/financial

Live Conference Call & Webcast Westport has scheduled a conference call for 
today, Wednesday, October 30, 2013 at 2:00 pm Pacific Time (5:00 pm Eastern 
Time) to discuss these results. The public is invited to listen to the 
conference call in real time by telephone or webcast. To access the conference 
call by telephone, please dial: 1-800-319-4610 (Canada & USA toll-free) or 
604-638-5340. The live webcast of the conference call can be accessed through 
the Westport website at www.westport.com/investors.

Replay Conference Call & Webcast
To access the conference call replay, please dial 1-800-319-6413 (Canada & USA 
toll-free) or 604-638-9010 using the pass code 1847. The replay will be 
available until November 6, 2013. Shortly after the conference call, the 
webcast will be archived on the Company's website and replay will be available 
in streaming audio.

About Westport Innovations Inc. Westport engineers the world's most advanced 
natural gas engines and vehicles. More than that, we are fundamentally 
changing the way the world travels the roads, rails and seas. We work with 
original equipment manufacturers (OEMs) worldwide from design through to 
production, creating products to meet the growing demand for vehicle 
technology that will reduce both emissions and fuel costs. To learn more 
about our business, visit westport.com, subscribe to our RSS feed, or follow 
us on Twitter @WestportDotCom.

This press release contains forward-looking statements, including statements 
regarding the anticipated timing for Westport's operating business units and 
consolidated business to be Adjusted EBITDA positive, timing for first revenue 
for LNG tenders, timing for launch, delivery and completion of milestones 
related to the engine and tank system products referenced herein, including 
but not limited to the Westport iCE PACK(TM )LNG Tank System, next generation 
Volvo HPDI trucks and Volvo V60 Bi-Fuel car, the integration of Westport's 
high pressure natural gas system into natural gas vehicle platforms by 
European automotive OEMs, timing for, and implementation of, movement of 
service and support activities to Westport U.S. operations, the demand for our 
products, the future success of our business and technology strategies, 
investment in new product and technology development and otherwise, cash and 
capital requirements, intentions of partners and potential customers, the 
performance and competitiveness of Westport's products and expansion of 
product coverage, future market opportunities, speed of adoption of natural 
gas for transportation and terms and timing of future agreements as well as 
Westport management's response to any of the aforementioned factors. These 
statements are neither promises nor guarantees, but involve known and unknown 
risks and uncertainties and are based on both the views of management and 
assumptions that may cause our actual results, levels of activity, performance 
or achievements to be materially different from any future results, levels of 
activities, performance or achievements expressed in or implied by these 
forward looking statements. These risks and uncertainties include risks and 
assumptions related to our revenue growth, operating results, industry and 
products, the general economy, conditions of and access to the capital and 
debt markets, governmental policies and regulation, technology innovations, 
fluctuations in foreign exchange rates, operating expenses, the availability 
and price of natural gas, global government stimulus packages, the 
acceptance of and shift to natural gas vehicles, the relaxation or waiver of 
fuel emission standards, the inability of fleets to access capital or 
government funding to purchase natural gas vehicles, the development of 
competing technologies, our ability to adequately develop and deploy our 
technology as well as other risk factors and assumptions that may affect our 
actual results, performance or achievements or financial position discussed in 
our most recent Annual Information Form and other filings with securities 
regulators. Readers should not place undue reliance on any such 
forward-looking statements, which speak only as of the date they were made. We 
disclaim any obligation to publicly update or revise such statements to 
reflect any change in our expectations or in events, conditions or 
circumstances on which any such statements may be based, or that may affect 
the likelihood that actual results will differ from those set forth in these 
forward looking statements except as required by National Instrument 51-102. 
The contents of any website, RSS feed or twitter account referenced in this 
press release are not incorporated by reference herein.













SOURCE  Westport Innovations Inc. 
Inquiries: Darren Seed Vice President, Investor Relations & Communications 
Westport T 604-718-2046 invest@westport.com 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/October2013/30/c8561.html 
CO: Westport Innovations Inc.
ST: British Columbia
NI: TRN ERN  
-0- Oct/30/2013 20:05 GMT