Hexagon Composites — Regulatory Filings 2021

Oct 29, 2021

Hexagon Purus receives order from North American customer for a hydrogen fuel-cell Class-8 drayage truck

Hexagon Purus receives order from North American customer for a hydrogen fuel-cell Class-8 drayage truck

Hexagon Purus has received a contract for a hydrogen fuel-cell electric (FCEV)

Class-8 drayage truck from a North American customer. The order includes a

service and support program that incorporates performance monitoring and

reporting of the FCEV truck vs. current diesel drayage trucks. The contract has

a value of approximately USD 1.2 million (approx. NOK 10 million).

Driving energy transformation

Hexagon Purus will provide the complete vehicle integration which includes the

electric drivetrain, and a full suite of Hexagon Purus solutions including a

700 bar hydrogen storage system and battery packs.

"Hexagon Purus is already recognized as an industry leader when it comes to

packaging and efficient integration of high energy density solutions for on-road

vehicles. We are proud to play a role in expanding the use of hydrogen across

different industrial sectors and applications other than on-road," says Todd

Sloan, President, Hexagon Purus Systems.

About the market

Drayage trucks transporting cargo to and from intermodal seaports and railyards

are targeted in several governmental initiatives in North America. The

transition from the conventional diesel combustion technologies to zero-emission

reduces long-term impacts on air quality, climate, and public health, driving

the push to achieve federal air quality standards, and meet greenhouse gas

targets.

Timing

The drayage truck is due to be delivered in the fourth quarter of 2022.

For more information, please contact:

Todd Sloan, President, Hexagon Purus Systems

Telephone: +1 250-470-8232 | todd.sloan@hexagongroup.com

(mailto:todd.sloan@hexagongroup.com)

Karen Romer, SVP Communications, Hexagon Composites ASA

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

(mailto:karen.romer@hexagongroup.com)

About Hexagon Purus ASA:

Hexagon Purus, a Hexagon Composites company, is a world leading provider of

hydrogen type 4 high-pressure cylinders, battery packs and vehicle systems

integration for fuel cell electric and battery electric vehicles. Hexagon Purus

enables zero emission solutions for light, medium and heavy-duty vehicles,

buses, ground storage, distribution, maritime, rail and aerospace applications.

Learn more at www.hexagonpurus.com and follow @HexagonPurus on Twitter and

LinkedIn.

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act