Hexagon Composites - Regulatory Filings 2021

Hexagon Agility receives third set of orders for CNG 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) fuel systems for medium and heavy-duty trucks.

Hexagon Agility received its third set of orders in 2021 under this agreement,

which represent an estimated total value of USD 5.9 million (approx. NOK 50

million).

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

19.4 million (approx. NOK 165 million).

"The strong momentum of orders coming in as we kick off 2021 reflect the forward

leaning approach of this global logistics customer. CNG and RNG play an

important role in the future of commercial trucking. Sustainable fleets makes

both environmental and economic sense to deploy natural gas trucks right now -

and make it possible to do so at scale," said Seung Baik, President, Hexagon

Agility.

Deliveries of the fuel systems are scheduled to start in the first 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.

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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