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Hexagon Composites Capital/Financing Update 2023
3619_rns_2023-03-15_9badf0ce-b3d0-443f-b40c-79bd83e87097.pdf
Capital/Financing Update
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HEXAGON PURUS
DISTRIBUTION AGREEMENT WITH HINO
MARCH 2023
HEXAGON PURUS
Hino contract has significantly increased in scope and estimated potential value has approximately doubled over the life of the contract
HEXAGON PURUS AND HINO HAVE SIGNED AN EXCLUSIVE DISTRIBUTION AGREEMENT FOR COMPLETE BEV VEHICLE INTEGRATION, REPLACING THE PREVIOUSLY ANNOUNCED COOPERATION¹
Hexagon Purus will produce and supply complete battery electric heavy-duty trucks² for the U.S. market, distributed exclusively through select qualifying dealers in Hino's network. The agreement foresees the delivery of up to a total of 10,000 trucks³ by 2030
| FEB 2022 BLOI | NEW AGREEMENT | |
|---|---|---|
| DELIVERABLE | BATTERY SYSTEMS | COMPLETE BEV VEHICLE INTEGRATION |
| CONTRACT DURATION | 2023-2028 | 2024-2030 |
| CONTRACT SIZE | USD ~1.0BN³ | USD ~2.0BN³ |
| CONTRACT TYPE | BINDING LETTER OF INTENT (BLOI) | EXCLUSIVE DISTRIBUTION AGREEMENT |
OVERVIEW OF HEXAGON PURUS’ PROPRIETARY CONTENT FOR THIS AGREEMENT
BATTERY SYSTEM
AUXILIARY MODULE
POWER MODULE (EBTC)
VEHICLE-LEVEL SOFTWARE
- Refers to the binding LOI for supply for battery systems to Hino announced on 11 February 2022; 2) "Tractor" in U.S. nomenclature; 3) Estimated potential revenue
HEXAGON PURUS