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Hexagon Composites — Regulatory Filings 2021
Mar 29, 2021
3619_rns_2021-03-29_29d650ee-f7a1-4aea-9cf2-156b355bad81.html
Regulatory Filings
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Hexagon Agility receives orders from UPS for CNG trucks
Hexagon Agility receives orders from UPS for CNG trucks
Hexagon Agility, a business of Hexagon Composites, signed a master services
agreement in October 2019 with UPS, the world's largest package delivery
company, to supply compressed natural gas (CNG) and renewable natural gas (RNG)
fuel systems for medium and heavy-duty trucks as well as terminal tractors.
Hexagon Agility has received its first 2021 orders under this agreement, which
represent an estimated total value of USD 8.1 million (approx. NOK 69
million). These orders are for ProCab systems for heavy-duty trucks.
Driving Energy Transformation
"We are proud of our long-term collaboration with UPS, a front-runner in clean
transportation," says Seung Baik, President, Hexagon Agility. "UPS continues to
pave the way, expanding and improving its smart logistics network by
implementing new technologies and clean fuels to create a highly sustainable
network. We are excited to support them in reaching their sustainability
targets."
Timing
Deliveries of the fuel systems are scheduled to start in the third quarter of
For more information:
Karen Romer, SVP Communications, Hexagon Composites ASA
Telephone: +47 950 74 950 | [email protected]
(mailto:[email protected])
Hiva Ghiri, VP IR, Hexagon Composites ASA
Telephone: +47 958 66 790 | [email protected]
(mailto:[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.
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act