Hexagon Composites - Regulatory Filings 2021

Hexagon Agility receives seventh 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 seventh set of orders in 2021 under this agreement,

which represent an estimated value of USD 8 million (approx. NOK 66 million).

Collectively, the orders placed in 2021 represent an estimated total value of

USD 68 million (approx. NOK 562 million).

"To achieve a meaningful and immediate impact on climate change, we need cleaner

trucks and buses on our roadways now," said Seung Baik, President, Hexagon

Agility. "NGVA recently reported that, in 2020, 92% of all on-road fuel used in

natural gas vehicles in California was renewable natural gas (RNG). And for the

first time, we saw California fleets fueled with RNG achieve carbon-negative

footprint, removing more CO2 from the atmosphere than they emitted. This is

evidence of the essential role RNG plays in achieving carbon neutrality today."

Deliveries of the fuel systems are scheduled to start in the 3rd 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.

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