In 2024, Westport celebrated the launch of Cespira, its joint venture with Volvo Group, as a significant milestone. Cespira is dedicated to advancing HPDI™ technology with hydrogen and renewable natural gas to promote sustainable heavy transport. This partnership showcases industry recognition of HPDI as a leading solution for affordable and eco-friendly transport. Westport's strategic realignment includes divesting the Light-Duty business to concentrate on decarbonizing solutions like long-haul trucking with HPDI technology. Financially, Westport reported a revenue of $302.3 million in 2024, with a net loss improvement and focus on high-growth areas. Westport plans to expand alternative fuel solutions such as CNG, RNG, and hydrogen systems while adapting to the changing transportation landscape. Although hydrogen remains essential for the future, Westport emphasizes delivering practical and commercially viable low-carbon alternatives like natural gas. The global interest in natural gas for heavy-duty transport is rising, supported by Westport's innovative solutions. With a commitment to sustainability and performance, Westport aims to assist customers in achieving their environmental and commercial objectives effectively.