Hexagon Composites - Regulatory Filings 2021

Hexagon Agility receives eighth set of orders for RNG/CNG 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 renewable

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

heavy-duty trucks.

Hexagon Agility received its eighth set of orders in 2021 under this agreement,

which represent an estimated value of approximately USD 12 million (approx. NOK

105 million). Collectively, the orders placed for delivery in 2021 represent an

estimated total value of USD 80 million (approx. NOK 704 million).

"RNG contributes to significant GHG emission-reduction and we see more and more

fleets responding to the potential to further reduce emissions." said Seung

Baik, President, Hexagon Agility. "According to a recent report by the State of

Sustainable Fleets, nearly 90% of surveyed fleets currently operating natural

gas vehicles state they intend to use RNG in the next year and this trend is

expected to continue beyond 2021."

Deliveries of the fuel systems are scheduled to start in the 4th 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 (renewable) natural gas storage and

delivery systems, Type 4 composite (renewable) natural gas cylinders, propane,

and 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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