Hexagon Composites - Regulatory Filings 2021

Hexagon Agility receives ninth set of orders for CNG/RNG trucks 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 compressed

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

heavy-duty trucks.

Hexagon Agility received its first set of orders for 2022 delivery under this

agreement, which represent an estimated value of USD 17 million (approx. NOK

148 million). Additionally, the orders placed to date in 2021 represent an

estimated total value of USD 80 million (approx. NOK 696 million). Further

orders are still being received for 2021 delivery.

"We are pleased to see the continued strong commitment from this global customer

to transitioning their fleets to cleaner RNG and CNG fuel solutions," says Seung

Baik, President, Hexagon Agility. "According to the UN's IPCC Climate report,

methane emissions are responsible for approximately 30% of global warming since

the pre-industrial area. RNG is a powerful clean energy tool to achieve major

cuts in methane and deliver net zero emissions today."

Deliveries of the fuel systems are scheduled to start in the 1st quarter of

For more information:

Karen Romer, SVP Communications, Hexagon Composites ASA Telephone:

Hiva Ghiri, VP IR, Hexagon Composites ASA Telephone: +47 958 66 790 |

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.

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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