Woodward Selected by Weichai-Westport for New China VI Emissions Gas Engine Platforms and Named 2017 Supplier of the Year

FORT COLLINS, Colo., Feb. 05, 2018 -- Woodward, Inc. (NASDAQ:WWD) today announced it was selected as the supplier of control systems for Weichai-Westport’s next generation gas engine platforms to meet China VI emission standards starting in 2020. In addition, Woodward was named as the 2017 Supplier of the Year by Weichai-Westport.  

Woodward’s relationship with Weichai began with on-highway gas engine systems and has now expanded to include stationary and large engine control systems. “We are proud to continue our partnership with Weichai-Westport and secure additional system content with Woodward’s newest technologies,” said Chad Preiss, President, Industrial Control Systems for Woodward. “Being recognized as one of the company’s most important suppliers reinforces our commitment to building innovative partnerships with our customers.”

“Woodward was selected as the 2017 Supplier of the Year award due to our long-term partnership and their technology leadership for gas engine systems,” said Mr. Shao Sidong, Chairman of Board and GM of Weichai-Westport. “The on-highway gas engine market is a strategic focus for the Weichai Group, and we look forward to continuing to grow our partnership with Woodward.”

About Woodward, Inc.

Woodward is an independent designer, manufacturer, and service provider of control system solutions and components for the aerospace and industrial markets. The company's innovative fluid, combustion, electrical, and motion control systems help customers offer cleaner, more reliable, and more efficient equipment. Our customers include leading original equipment manufacturers and end users of their products. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com, and connect with us at www.facebook.com/woodwardinc.

Notice Regarding Forward-Looking Statements
The statements in this release contain forward-looking statements that involve risks and uncertainties, including statements concerning the company’s status as the supplier of control systems for Weichai-Westport’s next generation gas engine platforms to meet China VI emission standards, its continued partnership with Weichai-Westport, and its secured additional system content. Actual results could differ materially from projections or any other forward-looking statements and we have no obligation to update our forward-looking statements. Factors that could affect performance and could cause actual results to differ materially from projections and forward-looking statements are described in Woodward's Annual Report on Form 10-K for the year ended September 30, 2017 and any subsequently filed Quarterly Report on Form 10-Q.

CONTACT:
Don Guzzardo
Corporate Director, Investor Relations, Treasury, Risk Management
970-498-3580
[email protected]