Hexagon Composites - Regulatory Filings 2014

Hexagon awarded new orders for TITAN mobile pipelines

Hexagon Composites' wholly owned subsidiary Hexagon Lincoln has received two

large TITAN(TM) orders valued at approximately USD 20.4 million (ca. NOK 138.7

million). The orders are from two existing clients in North America and Latin

America. TITAN(TM) 4 modules will transport compressed natural gas (CNG) for

industrial use in the United States, and TITAN(TM) XL trailers will transport

CNG for various industrial applications in Mexico.

"Already operating large fleets of Hexagon products, these clients recognize the

opportunities for continued growth and profitability of gas distribution by way

of mobile pipeline," said Frank Haeberli, Vice President Gas Distribution

Products. "They have put their trust in our quality products and reliable

service, and we are dedicated to fulfilling that trust."

Earlier this year, Hexagon Lincoln introduced TITAN(TM) XL, the largest CNG

trailer of its kind, for use in Latin America. This new substantial order to

Mexico demonstrates that road transportation of CNG over long distance makes a

profitable business in this region. This compliments the continuing trend to

TITAN(TM) mobile pipelines enabling increased opportunities for natural gas as a

substitute to diesel fuel aggregates within high horse power applications in

North America.

Delivery of the majority of these new orders is scheduled for first and second

quarter 2015.

For more information:

Frank Haeberli, Vice President Gas Distribution Products, Hexagon Lincoln, Inc.

Telephone: +1 402 326 5586 | [email protected]

Solveig D Saether, Communication Manager, Hexagon Composites ASA

Telephone: +47 906 34 977 | [email protected]

Hexagon Composites ASA is a publicly listed company with its headquarters in

Ålesund, Norway. The Group develops and produces composite cylinders for the

storage and transport of various gases under pressure.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1868869]

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