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Hexagon Composites — Regulatory Filings 2021
Jul 29, 2021
3619_rns_2021-07-29_296648fb-cfd3-4ba4-bb8b-cf2e35e3d1ff.html
Regulatory Filings
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Hexagon Digital Wave signs new equipment and service agreement with Linde
Hexagon Digital Wave signs new equipment and service agreement with Linde
Hexagon Digital Wave, a business of Hexagon Composites has signed an agreement
with Linde, a leading industrial gas and engineering company. The agreement
covers the supply and service of Ultrasonic Examination (UE) testing equipment.
The estimated total value of the agreement is USD 2 million (approx. NOK 17
million) and designates Hexagon Digital Wave as a long-term partner.
Driving energy transformation
"We are excited to extend our relationship with the great team at Linde", says
Keith Fountain, UE international Sales Manager Hexagon Digital Wave. "Over the
past 14 years we have provided our equipment to one of the market leaders in the
industrial gas environment and helped to improve the safety of their cylinders."
About the market
The non-destructive UE test and process enables the recertification of the
cylinders without removing the internal product which improves the safety and
allows a number of ESG requirements to be accomplished. Positive environmental
impacts are accomplished by emitting less gas back to the atmosphere. In
addition, since gas at pressure is not released it means that the user
eliminates CO2 by not having to expend the energy to repressurize the product
back into the cylinder.
The market continues to shift to the UE test for higher safety and testing
efficiencies. With the ability to do a safer and more environmentally conscious
test like UE this will have a continuous impact on the industry for years to
come.
UE advantages include reduced labor to inspect cylinders, detection and analysis
of suspected flaws, retention of gas product and elimination of re-
pressurization energy.
"At Hexagon Digital Wave we understand the impacts of the contents of these
pressurized cylinders and the responsibility that goes behind it. We believe
strongly that the UE test is the best option for the industry moving forward,"
concludes Fountain.
Contacts:
Karen Romer, SVP Communications, Hexagon Composites
Telephone: +47 950 74 950 | [email protected]
(mailto:[email protected])
Hiva Ghiri, VP Investor Relations
Telephone: +47 958 66 790 | [email protected]
(mailto:[email protected])
About Linde
Linde is a leading global industrial gases and engineering company with 2020
sales of $27 billion (EUR24 billion). We live our mission of making our world more
productive every day by providing high-quality solutions, technologies and
services which are making our customers more successful and helping to sustain
and protect our planet.
The company serves a variety of end markets including chemicals & refining, food
& beverage, electronics, healthcare, manufacturing and primary metals. Linde's
industrial gases are used in countless applications, from life-saving oxygen for
hospitals to high-purity & specialty gases for electronics manufacturing,
hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas
processing solutions to support customer expansion, efficiency improvements and
emissions reductions.
For more information about the company and its products and services, please
visit www.linde.com (https://eqs-cockpit.com/cgi-
bin/fncls.ssp?fn=redirect&url=b0cc358d07ae7a1fe4a16b836115a739&application_id=12
00305&site_id=news_data&application_name=news)
About Hexagon Digital Wave
Hexagon Digital Wave, a subsidiary of Hexagon Composites ASA, is a manufacturer
of Ultrasonic Examination (UE) cylinder testing equipment, Modal Acoustic
Emission (MAE) testing equipment and a provider of associated inspection
services. With applications worldwide, Hexagon Digital Wave serves government
entities, academic institutes, and private clients in the compressed gas and
pressure vessel industries.
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
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act