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RNS - Hexagon Composites receives new order for Hydrogen transport cylinders

Company: Hexagon Composites Date: 2017-03-16 Language: English Register to download

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 Hexagon Composites receives new order for Hydrogen transport cylinders

# Hexagon Composites receives new order for Hydrogen transport cylinders

  

  

  

Hexagon Composites' newly acquired subsidiary, xperion Energy & Environment, has  

received a substantial order for hydrogen high-pressure cylinders from Air  

Products GmbH in Germany. The X-STORE® high-pressure cylinders will be used in  

trailers for transportation of hydrogen to German industrial customers by Air  

Products.  

  

"We are proud to enter into a business relationship with Air Products, one of  

the leading hydrogen providers in the market," says Hartmut Fehrenbach, Business  

Unit Director of Mobile Pipeline® at xperion Energy & Environment. "While there  

is still a considerable fleet of Type 1 steel trailers in the European  

transportation market, we observe a tendency for Type 4 composite solutions  

successively replacing steel. This confirms that our Type 4 cylinders are the  

preferred alternative to traditional steel cylinders in terms of weight, safety  

and design."  

  

"We are always looking to implement innovative technologies to improve the value  

proposition to our customers. By introducing sustainable lightweight composite  

solutions to our transportation fleet, we continue to meet stringent  

environmental and safety standards and improve our own operational practices,"  

says Thomas Hollad, Bulk Transport Manager Northern Continent at Air Products.  

"We are pleased to have xperion as one of our preferred suppliers for hydrogen  

transport cylinders."  

  

Deliveries are scheduled to commence by the end of first quarter and through  

second quarter of 2017.  

  

With this delivery of the X-STORE® Type 4 hydrogen cylinders, the Hexagon  

Composites Group is strengthening its position in the hydrogen transportation  

market. The Group has established a strong position in the European hydrogen  

transport market and has previously delivered mobile transport modules and  

transport cylinders to multiple leading hydrogen distributors.  

  

  

For more information:  

Solveig D Saether, Communication Manager, Hexagon Composites ASA  

Telephone: +47 906 34 977 | solveig.saether@hexagon.no  

  

About Air Products  

Air Products (NYSE:APD) is a world-leading Industrial Gases company in operation  

for over 75 years. The Company's core industrial gases business provides  

atmospheric and process gases and related equipment to manufacturing markets,  

including refining and petrochemical, metals, electronics, and food and  

beverage. Air Products is also the world's leading supplier of liquefied natural  

gas process technology and equipment.  

  

The Company had fiscal 2016 sales of $7.5 billion from continuing operations in  

50 countries and has a current market capitalization of approximately $30  

billion. Approximately 16,000 employees are making Air Products the world's  

safest and best performing industrial gases company, providing sustainable  

offerings and excellent service to all customers. For more information, visit  

www.airproducts.com  

  

About Hexagon Composites Group  

Hexagon Composites ASA (OSE:HEX) is a publicly listed company with its  

headquarters in Aalesund, Norway. It operates some of the world's most advanced  

facilities for designing, testing and manufacturing of all-composite cylinders  

and systems for gas applications.  

  

In October 2016, Hexagon Composites acquired xperion Energy & Environment in  

Germany to strengthen its position in the global composite pressure cylinder and  

systems market. xperion Energy & Environment, headquartered in Kassel, Germany,  

is a leading manufacturer of Type 4 high pressure cylinders for the automotive  

industry and gas transportation.  

For more information, please visit www.hexagon.no  

  

Follow us on Twitter: @HexagonASA  

  

This information is subject to the disclosure requirements pursuant to section  

5 -12 of the Norwegian Securities Trading Act.