Am I correct in assuming this small company has the best IP in this niche, and apparently they are spending tremendous amounts on R&D to apparently put a gate on this nat gas niche with all their patents as well as ones in the their pipeline.
Seems to me that they want everyone to know that they either partner up with them or be sued for using their IP or be forced to use some inferior way to utilize NAT GAS in all types of vehicles.
Would appreciate all types of feedback and most importantly comments addressing the above.
<<Am I correct in assuming this small company has the best IP in this niche, and apparently they are spending tremendous amounts on R&D to apparently put a gate on this nat gas niche with all their patents as well as ones in the their pipeline.>>
Yes, I think that is what they are trying to do. I am not an engineeer, nor a patent lawyer, so I really can't evaluate the strength of Westport's "patent moat". But obviously, a lot of top notch companies like Volvo and Cummins believe Westport has very good IP.
On the other hand, there hasn't been a lot of profits in this segment yet, so it may make sense for companies to go with Westport rather than invest in their own IP until such time they see a bigger market opportunity. One other potential negative is that Westport hasn't been charging enough for their IP to move towards profitability themselves. They are obviously concentrating on gaining market share now while figuring profits will come in a big way later when/if the sector takes off.
Navistar (NAV) offers a nice line of nat gas engines for heavy duty applications as shown in this link below provided by Jing. I don't know how these engines compare in performance and sales to Westport in North America. Navistar is much newer to the nat gas game, so I suspect they are way behind in market share. Maybe Jing has some comparative sales figures? And to my best knowledge, Navistar is not competing with Westport in China, where Westport/Weichai is seeing very strong growth.