Hexagon Composites - Environmental & Social Information 2021

Hexagon Agility awarded contract for Mobile Pipeline® transport modules

Hexagon Agility has received an order for TITAN® 53 transport modules with a

total estimated value of USD $5.7 million (approx. NOK 48.5 million).

Driving Energy Transformation

"Mobile Pipeline® Type 4 modules enable more than twice the volume of gas to be

transported on each trip, reducing both operating expenses and Greenhouse Gas

Emissions for our clients," says Miguel Raimao, Vice President of Mobile

Pipeline at Hexagon Agility. "We are proud to be a selected as a supplier to an

industrial gas provider as they strive to reduce energy consumption, lower

emissions and boost productivity."

About the market

A significant increase in customer demand for compressed gases, including

natural gas, hydrogen, and industrial gases, is driving a need to move greater

volumes on every trip. Hexagon's Titan53® employs the largest composite cylinder

in the world, which allows for very high payloads and reduces total cost of

ownership for customers.

Timing

As of January 1, 2021, Hexagon Mobile Pipeline combined with Agility Fuel

Solutions to form Hexagon Agility. "Today's announcement is a great start to the

union of our Mobile Pipeline® business and Agility, and we look forward to

expanding on this relationship in the near future," says Seung Baik, President

Hexagon Agility.

The modules will be delivered in the second quarter of 2021.

Contacts:

Karen Romer, SVP Communications, Hexagon Composites

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

Hiva Ghiri, VP Investor Relations

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

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

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.

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