Hexagon Composites - Regulatory Filings 2021

Hexagon Purus' receives hydrogen cylinder orders for leading gas distributors in new markets in Europe

Hexagon Purus has received multiple orders for several leading European gas

distributors for its X-STORE 300 bar cylinder and for its brand-new X-STORE 381

bar version. The X-STORE cylinders are destined for Germany, as well as two new

markets for Hexagon Purus, Spain and Switzerland. They will be used for

transportation of hydrogen for industry and mobility purposes. The total

accumulated value of the orders is estimated at EUR 1.9 million (approx. NOK 19

million).

Driving Energy Transformation

"Hexagon Purus' lightweight type 4 composite cylinders allow for very high

payloads when transporting gas, reducing total cost of ownership for our

customers," says Hartmut Fehrenbach, Vice President Hydrogen Distribution at

Hexagon Purus. "We are proud to support our clients in the replacement of Type

1 steel trailer fleets in the industrial gas segment and build hydrogen mobility

infrastructure in Europe - and now, for the first-time including Spain and

Switzerland."

Hexagon Purus' new 381 bar X-STORE type 4 composite cylinder meets the new

European standard, EN 17339, and is among the most efficient gas transport

cylinders available worldwide. Its higher payload capacity reduces overall

transportation costs.

Timing

The cylinders will be delivered in the second and third quarters of 2021.

Contacts:

Karen Romer, SVP Communications, Hexagon Composites

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

Salman Alam, Vice President, Corporate Development, Hexagon Purus

Telephone: +476 12 713 | [email protected]

About Hexagon Purus

Hexagon Purus, a Hexagon Composites company, enables zero emission mobility for

a cleaner energy future. Hexagon Purus is a world leading provider of hydrogen

type 4 high-pressure cylinders, complete vehicle systems and battery packs for

fuel cell electric and battery electric vehicles (FCEV and BEV) including hybrid

mobility applications on light, medium and heavy-duty vehicles, transit buses,

ground storage, distribution, maritime, rail, and aerospace applications.

Learn more at www.hexagonpurus.com (http://www.hexagonpurus.com) and follow

@HexagonPurus on Twitter and LinkedIn.

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