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Hexagon Composites Regulatory Filings 2021

May 6, 2021

3619_rns_2021-05-06_b80b4a6e-a9c8-4a9c-b205-a4d27b267202.html

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Hexagon Purus to deliver high performance cylinders to Wystrach for industrial and mobility applications

Hexagon Purus to deliver high performance cylinders to Wystrach for industrial and mobility applications

Hexagon Purus has signed a contract with Wystrach GmbH, a leading systems

provider for high pressure solutions, to supply Type 4, 300 bar pressure vessels

at a value of approximately EUR 2.5 million (approximately NOK 25 million). The

cylinders are destined for industrial and mobility applications in France and

Germany.

Driving energy transformation

Hexagon Purus' Type 4 cylinders will be a part of the storage and transport

solutions that are developed and manufactured by Wystrach. These will be used to

transport hydrogen for industrial purposes in Europe and to expand the

infrastructure for mobility projects in France.

"Whether for transport or tank systems, stationary storage or refueling

solutions: we're already seeing demand for hydrogen technologies across all

product categories," says Wolfgang Wolter, CEO Operations and Sales at Wystrach.

"The technology is mature and field-tested. It takes pioneers in gas-technology

and teammates such as Hexagon Purus to make climate-friendly hydrogen

applications a part of everyday life."

"In the midst of the climate crisis, the demand for decarbonization is growing.

From reducing the carbon footprint of industrial customers to decarbonizing city

transport, ground-breaking work is being done in gas technology," says Michael

Kleschinski, Executive Vice President of Hexagon Purus. "We are pleased to team

up with Wystrach to support their efforts and the efforts of their customers."

Timing

Hexagon Purus' cylinders are due to be delivered to Wystrach in the second and

third quarters of 2021.

For more information, please contact:

Dilip Warrier, CFO, Hexagon Purus

Telephone: +1 949-236-5528 | [email protected]

(mailto:[email protected])

Karen Romer, SVP Communications, Hexagon Composites ASA

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

(mailto:[email protected])

About Hexagon Purus ASA:

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, marine, rail and aerospace applications.

Learn more at www.hexagonpurus.com and follow @Hexagonpurus on Twitter and

LinkedIn.

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act