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Westport Announces Partnership With Russian Engine Maker GAZ For CNG Engines

|Includes:GTLS, Westport Fuel Systems, Inc. (WPRT)

Though I do not expect this partnership to produce a sudden jump in Westport's (NASDAQ:WPRT) bottom line, it will continue to promote Westport's international brand recognition and market penetration for its proprietary products. Specifically, CNG adoption as a fuel should lead to long term awareness and adoption of Westport's patented and proprietary LNG fueling systems and HPDI technology for heavy freight. This may also lead to long term sales for companies involved in the infrastructure and equipment that support CNG fuel. Industry leader Chart Industries (NASDAQ:GTLS)comes to mind.

Disclosure: I am long WPRT, GTLS.

Stocks: WPRT, GTLS