Westport (WPRT) Enters Multi-Year Agreement with Honda Turkey
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Westport Fuel Systems Inc. (Nasdaq: WPRT) today announced the signing of a new multi-year agreement between a distributor of Westport Fuel Systems and Honda Turkey to supply liquefied petroleum gas systems for the new Civic ECO model that will be launched in October 2016. The new Civic ECO will be fully integrated inside the Honda Turkey factory through a delayed original equipment manufacturer business model using BRC Gas Equipment's Sequent Plug & Drive LPG system, a gaseous, fully sequential, port injection system. The Sequent Plug & Drive system is one of the most successful LPG injection systems produced by BRC and sold to several other DOEM and OEM customers worldwide.
Since 2011 Honda has offered its customers in Turkey LPG after-market conversions for the Civic Sedan model through the BRC Turkey dealer network. Due to the high demand and popularity, Honda began converting the Civic Sedan LPG version through a DOEM business model in 2015, locally supported by 2A Mühendislik A.Ş., an LPG system distributor in Turkey.
"BRC has become one of the key players in the LPG automotive conversion market in Turkey given their product's reliability and driveability," stated Can Eroskay, Assistant General Manager Customer Service, Honda Turkey. "Following on the success of the Civic Sedan LPG version, we believe the new Civic ECO will have strong demand from customers who seek the environmental benefits of LPG vehicles, without compromising the performance and quality that Honda brings."
"Honda has been at the forefront of the alternative fuel vehicle market in Turkey," said Marco Seimandi, Sales & Marketing Director, Automotive Division, Westport Fuel Systems. "Their commitment to use BRC's LPG system on the Civic ECO combined with support from 2A will enable us to increase our share in this fast growing market."
According to the Local Chambers of Engineers in Turkey and Westport Fuel Systems' analysis, Turkey has over 4 million vehicles running on LPG or 27% of the total vehicle population as at the end of 2015, which makes it the largest population of LPG vehicles in Europe. Turkey also has more than 2,400 LPG fueling stations.
BRC Gas Equipment is a well-established brand owned by Westport Fuel Systems Inc. with sole distributors in more than 70 countries and an extensive network of installation centres. Based in in Cherasco, Italy, BRC Gas Equipment develops, manufactures and markets components and systems for converting vehicles from petrol to LPG and compressed natural gas.
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