Hexagon Composites - Regulatory Filings 2021

Hexagon Agility receives eleventh set of RNG/CNG trucks orders from major global logistics customer

Hexagon Agility, a business of Hexagon Composites, signed a master services

agreement in June 2020 with a global logistics customer to deliver renewable

natural gas (RNG) and compressed natural gas (CNG) fuel systems for medium and

heavy-duty trucks.

Hexagon Agility received its eleventh set of orders under this agreement and the

second order for 2022, representing an estimated value of USD 26.6 million

(approx. NOK 242 million). Total orders placed to date with delivery targeted in

2022 represent an estimated value of USD 43.6 million (approx. NOK 396 million).

Overall, the eleven orders under the master services agreement represent an

estimated value of USD 131.6 million (approx. NOK 1.2 billion).

"The logistics industry continues to step up its response to CO2 emission

reduction. RNG as a transportation fuel is an essential component in making an

immediate impact towards achieving global climate goals," said Seung Baik,

President of Hexagon Agility. "This additional order puts us over USD 100

million mark as we enter 2022 under this agreement. We are very proud to support

the sustainability commitment and ambitions of this customer," he added.

For more information:

Karen Romer, SVP Communications, Hexagon Composites ASA

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

Hiva Ghiri, VP IR, Hexagon Composites ASA

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

About Hexagon Agility

Hexagon Agility, a business of Hexagon Composites, is a leading global provider

of clean fuel solutions for commercial vehicles and gas transportation

solutions. Its product offerings include natural gas storage and delivery

systems, Type 4 composite natural gas cylinders, propane, and natural gas fuel

systems. These products transport clean gaseous fuels and enable vehicles to

reduce emissions while saving operating costs. Learn more at

www.hexagonagility.com and follow @HexagonAgility on Twitter and Linkedin.

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 LinkedIn.

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