Hexagon Composites - Regulatory Filings 2016

Hexagon Composites develops next generation hydrogen cylinder for Daimler's new Mercedes-Benz GLC F-CELL

Hexagon Composites' fully owned subsidiary Hexagon Lincoln was selected by

Daimler AG to supply compressed hydrogen gas (CHG) cylinders for Daimler's next

generation of fuel cell electric vehicle. The new Mercedes-Benz GLC F-CELL will

be presented in 2017. For the innovative vehicle a new generation (Type 4) of

cylinders was developed.

"These are next generation cylinders for next generation vehicles," says Rick

Rashilla, Vice President Hydrogen Products. "They are the result of years of

research, development and testing with Daimler's wholly owned subsidiary

NuCellSys, a world leader in fuel cell- and hydrogen tank-systems for vehicle

applications."

"Fuel cell technology is an integral part of our powertrain portfolio. The

extremely short refueling time is one of the biggest assets of a fuel cell

vehicle", explains Prof. Dr. Christian Mohrdieck, Director Fuel Cell at Daimler

AG.

Type 4 cylinders are the best choice for hydrogen applications because of their

superior performance in extreme pressure, temperature and fatigue situations.

CHG is stored at 700 bar/10,000 psi, the optimal pressure for hydrogen use. The

GLC F-CELL range is about 500 km/310 miles (NEDC) and it can be refilled in

about three minutes - the same time as a conventional combustion vehicle.

Hydrogen products are a complementary facet to Hexagon Composites' commitment to

the green shift, as CHG emits no greenhouse gases during use. The future of

FCEVs is significant, and this order makes the Company a lead supplier to the

market. Given its leading position in the natural gas vehicle (NGV) market,

FCEVs are a natural expansion for the Company.

For more information:

Rick Rashilla, Vice President Hydrogen Products, Hexagon Lincoln

Phone: +1 402 470 4038 | [email protected]

Solveig D Saether, Communication Manager, Hexagon Composites ASA

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

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

Aalesund, Norway. The Group develops and produces composite pressure cylinders

and systems for storage and transportation of various gases.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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