Hexagon Composites - Regulatory Filings 2021

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

which represent an estimated value of USD 15.7 million (approx. NOK 131

million). Collectively, the orders placed in 2021 represent an estimated total

value of USD 60 million (approx. NOK 502 million).

"In the wake of the Leaders' Summit on Climate and the expected EU Taxonomy

classification of RNG as a climate mitigation fuel, we are seeing the demand for

natural gas transportation solutions continuing to grow," said Seung Baik,

President Hexagon Agility. "The pace for carbon neutral technology is rising -

not just among large global fleet customers, but also small and medium fleet

owners. RNG technology is an important factor in realizing our global commitment

to reduce greenhouse gases by 2030."

Deliveries of the fuel systems are scheduled to start in the 3(rd) quarter of

For more information:

Karen Romer, SVP Communications, Hexagon Composites ASA

Telephone: +47 950 74 950 | [email protected]

Hiva Ghiri, VP IR, Hexagon Composites ASA

Telephone: +47 958 66 790 | [email protected]

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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