Hexagon Composites — Environmental & Social Information 2020

Jun 6, 2020

Hexagon Mobile Pipeline® to virtually connect communities and industries to pipeline gas in the US

Hexagon Mobile Pipeline® to virtually connect communities and industries to pipeline gas in the US

Hexagon Mobile Pipeline®, a Hexagon Composites subsidiary, has received a

substantial contract for TITAN® 53 transport modules from Xpress Natural Gas LLC

(XNG) a leading full-service provider of compressed natural gas (CNG). The

strategic agreement has a total value of USD 7.3 million (approx. NOK 70.2

million) and includes additional purchase and rental options through 2021. The

TITAN® 53 large-capacity Mobile Pipeline® modules will serve virtual

interconnect projects providing natural gas to communities and industries that

do not have access to sufficient pipeline capacity in the US.

"Since XNG started operations in early 2013, Hexagon's Titan products have

proven to be high-quality products that deliver safety, reliability and

performance," says John Nahill, CEO and co-founder of Xpress Natural Gas. "The

higher volume of TITAN®53 means that we can serve our customers with fewer

trailers and miles driven and that is key to our success.  We appreciate the

expertise and responsiveness of the Hexagon team. They understood our needs and

met our expectations for a comprehensive solution."

Hexagon's Mobile Pipeline® products provide customers around the globe with

transportation, storage, and distribution solutions. After nearly a decade of

deployments of TITAN® products, a continued increase in customer demand is

driving a need to move greater volumes of compressed gases including natural

gas, hydrogen, and industrial gases on every trip. The TITAN®53 module launched

in 2018 still provides the highest CNG capacity available at the 80,000-pound

gross vehicle weight limit. The cylinders are manufactured by Hexagon with

industry leading experience in the design, development and testing of composite

pressure vessel technology.

"XNG is a pioneer of the mobile pipeline industry. Virtual Interconnect is one

of the most challenging applications in our industry due to the high volumes of

gas delivered.  XNG has proven they can do this safely and reliably day after

day, year after year.  We are proud of the trust they have placed in us to meet

their equipment needs. At the end of the day, it's about keeping businesses

running and homes warm through the cold winter months and that is consistent

with our vision of "Clean Air Everywhere" and "Driving Energy Transformation",

says Miguel Raimao, Vice President, Mobile Pipeline® at Hexagon Lincoln.

Deliveries of the TITAN®53 modules are scheduled for the fourth quarter of 2020.

Contacts:

Miguel Raimao, VP, Mobile Pipeline® Americas, Hexagon Lincoln LLC

Telephone: +1 719-761-5797 | miguel.raimao@hexagongroup.com

Karen Romer, SVP Communications, Hexagon Composites

Telephone: +47 950 74 950 | karen.romer@hexagongroup.com

David Bandele, CFO, Hexagon Composites

Telephone: +47 920 91 483 |?david.bandele@hexagongroup.com

About XNG

Xpress Natural Gas (XNG) provides rapid and reliable delivery of liquid natural

gas (LNG) and compressed natural gas (CNG) to customers throughout the United

States and the Canadian Maritimes through their network of virtual pipeline.

With more than 70 million gasoline gallon equivalent (GGE) under contract for

2017, XNG is the largest private distributor of CNG in the United States,

helping business, institutions, and utilities to lower energy costs and reduce

their environmental impact. For more information about Xpress Natural Gas:

www.xng.com

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 including light-,

medium- and heavy-duty vehicles, ground storage, distribution, marine, rail and

backup power solutions.

With extensive experience in pressure vessel development since the early 1960s,

our long and proud history is rooted in innovation and change. We have a strong

international presence with facilities in Norway, Germany, USA and Canada, and

sales representation in some of the world's most important clean energy markets

in Europe, Asia and the Americas.

Learn more at www.hexagongroup.com and follow Hexagon Composites on LinkedIn and

@HexagonASA on Twitter.