Hexagon Composites - Capital/Financing Update 2021

Hexagon Agility receives tenth set of orders for RNG/CNG trucks from major global logistics customer

Hexagon Agility, a business of Hexagon Composites, signed a master services

agreement in June 2020 with a global logistics customer to deliver renewable

natural gas (RNG) and compressed natural gas (CNG) fuel systems for medium and

heavy-duty trucks.

Hexagon Agility received its tenth set of orders under this agreement,

representing an estimated value of USD 8 million (approx. NOK 70 million). Total

orders placed to date with delivery targeted in 2021 represent an estimated

value of USD 88 million (approx. NOK 766 million).

"As we all continue to tackle the issue of climate change, it is encouraging to

see this major global logistics customer prioritize RNG, a solution that works

both environmentally and economically," said Seung Baik, President of Hexagon

Agility. "According to the Natural Gas Vehicles for America and Coalition for

Renewable Natural Gas, in 2020, a total of 646 million gallons of natural gas

was used as transportation fuel, of which 345 million were RNG," he added.

For more information:

Karen Romer, SVP Communications, Hexagon Composites ASA

Telephone: +47 950 74 950 | [email protected]

Hiva Ghiri, VP IR, Hexagon Composites ASA

Telephone: +47 958 66 790 | [email protected]

About Hexagon Agility

Hexagon Agility, a business of Hexagon Composites, is a leading global provider

of clean fuel solutions for commercial vehicles and gas transportation

solutions. Its product offerings include natural gas storage and delivery

systems, Type 4 composite natural gas cylinders, propane, and natural gas fuel

systems. These products transport clean gaseous fuels and enable vehicles to

reduce emissions while saving operating costs. Learn more at

www.hexagonagility.com and follow @HexagonAgility on Twitter and Linkedin.

About Hexagon Composites ASA

Hexagon delivers safe and innovative solutions for a cleaner energy future. Our

solutions enable storage, transportation and conversion to clean energy in a

wide range of mobility, industrial and consumer applications. Learn more at

www.hexagongroup.com and follow @HexagonASA on Twitter and LinkedIn.

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