Hexagon Composites — Regulatory Filings 2021

Jun 18, 2021

Hexagon Agility receives order from REV LNG for Mobile Pipeline® modules to deliver Renewable Natural Gas

Hexagon Agility receives order from REV LNG for Mobile Pipeline® modules to deliver Renewable Natural Gas

Hexagon Agility has received an order for Mobile Pipeline(®) modules from REV

LNG, LLC a leading full-service mobile energy supply and project development

company. These modules will be used to transport and deliver renewable natural

gas (RNG).

This order represents an estimated value of USD 7.8 million (approx. NOK 67

million).

"Mobile Pipeline is essential to our business as we are committed to delivering

RNG where pipeline infrastructure is not readily available," said David

Kailbourne, President of REV LNG. "Hexagon Agility's TITAN(®)53 modules offer

the safest, highest capacity, and lowest cost of ownership solutions in North

America, and are instrumental to our vision and company growth."

About the market

RNG results in the greatest reduction of greenhouse gas emissions of any clean

energy solution available today in the transport sector. In addition, RNG is

supported by vast infrastructure in North America, allowing for immediate

deployment while also providing benefits for decades to come. Research shows

that RNG derived from agricultural waste can offer more than 200% improvement in

well-to-wheel emission reductions compared to diesel, and is the only carbon-

negative fuel available.

"We appreciate the trust that REV LNG has in Hexagon Agility to provide reliable

state-of-the art modules," said Seung Baik, President of Hexagon Agility. "We

value our partnership with REV LNG, as together we promote Clean Air Everywhere

by helping our customers with access to RNG, which is the cleanest

transportation fuel readily available today."

Timing

Deliveries of the modules are scheduled to start in the first quarter of 2022.

For more information:

Karen Romer, SVP Communications, Hexagon Composites

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

(mailto:karen.romer@hexagongroup.com)

Hiva Ghiri, VP Investor Relations

Telephone: +47 958 66 790 | hiva.ghiri@hexagongroup.com

About REV LNG

REV LNG is a full-service supplier of liquid natural gas (LNG), compressed

natural gas (CNG) and renewable natural gas (RNG) specializing in development,

production, supply, transportation, and distribution solutions. As an integrated

solutions provider, REV has partnered with industry leading companies and led

the development of award-winning projects. Learn more at www.revlng.com

(http://www.revlng.com).

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 (http://www.hexagonagility.com).

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

?