Hexagon Composites — Regulatory Filings 2021

Jun 18, 2021

Hexagon Purus to supply hydrogen storage systems to KEYOU for internal combustion engine bus and truck projects in Europe

Hexagon Purus to supply hydrogen storage systems to KEYOU for internal combustion engine bus and truck projects in Europe

Hexagon Purus has received an order for hydrogen storage systems for KEYOU, a

Munich, Germany-based clean mobility company. Hexagon Purus will supply hydrogen

storage systems for KEYOU's H2 combustion engine DEMO Bus with a leading

European OEM and its DEMO truck project.

Driving the energy transformation

KEYOU has redesigned the traditional internal combustion engine enabling it to

run on hydrogen as sustainable and clean fuel, bringing about a large leap in

propulsion development. The company has succeeded in developing an emission-

free, yet cost-effective hydrogen drive for commercial vehicles - without

compromising performance, capacity or range.

"KEYOU and Hexagon Purus share a common vision and a common interest - to drive

the energy transition and achieve clean air everywhere," says Michael

Kleschinski, EVP Hexagon Purus. "As more European countries and cities announce

strategic policies to promote the decarbonization of mobility, more commercial

vehicles-especially city buses and heavy-duty trucks-will be rapidly

transitioned. KEYOU is dedicated to accelerating this development, and we are

pleased to be a part of this exciting project."

"Hexagon Purus is a global leader and expert for hydrogen storage and tank

systems with over 50 years of experience in high-pressure technology. Since

hydrogen storage is an integral part of our technology, we're glad to have such

a strong partner supporting us to realize our two prototype vehicles," says

Thomas Korn, CEO, and co-founder of KEYOU.

Timing

Hexagon Purus' storage systems will be supplied from our Kassel, Germany and

Kelowna, Canada facilities. The first deliveries will be in November 2021.

Contacts:

Karen Romer, SVP Communications, Hexagon Composites

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

(mailto:karen.romer@hexagongroup.com)

Salman Alam, VP Corporate Development, Hexagon Purus

Telephone: +47 476 12 713 | salman.alam@hexagonpurus.com

(mailto:dilip.warrier@hexagonpurus.com)

About Hexagon Purus

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. Learn more

at www.hexagonpurus.com (http://www.hexagonpurus.com).

About KEYOU

KEYOU is a successful high-tech company operating in the field of clean

mobility, which develops innovative hydrogen technologies, more specifically

hydrogen components for engine and vehicle manufacturers. These technologies

enable conventional engines to be transformed cost-effectively into emission-

free hydrogen engines - without significant modifications to the base engine.

The new "green" combustion engine with KEYOU-inside technology means zero

emissions, efficiency, and economy at the same time - without compromising on

performance, capacity, or range. Vehicles with hydrogen engines are considered

zero-emission vehicles according to EU standards. The technology is engine and

manufacturer-independent, scalable, and can be used for both on- and off-road

but ultimately for all applications that use a combustion engine. The current

focus is on commercial vehicle engines.