Hexagon Composites — Regulatory Filings 2021

Mar 16, 2021

Hexagon signs long-term agreement with Certarus for CNG, RNG and hydrogen solutions

Hexagon signs long-term agreement with Certarus for CNG, RNG and hydrogen solutions

Hexagon Agility and Hexagon Purus, both subsidiaries of Hexagon Composites, have

signed a multi-year agreement with Certarus Ltd., the North American market

leader of clean energy solutions. The agreement represents a total value of up

to USD 85 million (approx. NOK 718 million) and includes the supply of

distribution modules for CNG and hydrogen applications, as well as CNG fuel

storage systems for Certarus' heavy-duty truck fleet.

Hexagon Agility

Under the agreement, Hexagon Agility received an initial order for Mobile

Pipeline® modules and CNG/RNG fuel storage systems, with a total order value of

USD 18.5 million (approx. NOK 156 million). Deliveries are expected to commence

in Q2 2021. The modules and trucks will further expand Certarus' fleet of Mobile

Pipeline® trailers, which is already the largest Type 4 composite fleet in the

world.  The new equipment will be deployed to meet the growing demand for safe

and cost-effective transportation of renewable natural gas (RNG).

"This agreement reinforces the strong relationship between Certarus and the

Hexagon Group and our commitment to Clean Air Everywhere.  Our comprehensive

portfolio of g-mobility and e-mobility solutions enable us to meet our

customer's demands today, tomorrow, and well into the future", says Seung Baik,

President of Hexagon Agility.

Hexagon Purus

Hexagon Purus also received an initial order for SMARTSTORE® hydrogen

distribution modules, with an estimated value of USD 3.2 million (approx. NOK

27 million). Deliveries are expected to commence in Q3 2021 and run through Q4

2021. Hexagon Purus' distribution modules will deliver hydrogen for mobility

applications.

"We're excited to be working with a long time Hexagon customer as they expand

into hydrogen solutions.  Certarus is a pioneer in gas distribution and brings a

wealth of experience to our collaboration as we innovate our hydrogen

portfolio," says Morten Holum, CEO of Hexagon Purus.

Hexagon Group

As part of the strategic agreement, Certarus and Hexagon will cooperate on

further developing natural gas and hydrogen distribution modules and sharing of

best practices with a focus on continuously driving safety and operational

excellence.

"Thanks to the ongoing partnership between Certarus and Hexagon, we have the

technology and equipment in place to support the growth of the RNG and hydrogen

markets.  Together, we are finding new ways to make low carbon and zero emission

energy solutions available and affordable," says Curtis Philippon, President &

CEO of Certarus Ltd.

Hexagon Composites is a strong, diverse group - with two listed companies -

covering a complete range of clean fuel solutions under one strong brand. This

long-term agreement demonstrates how customers leverage the synergies among the

businesses in the group.

For more information:

Karen Romer, SVP Communications, Hexagon Composites ASA Telephone:

+47 950 74 950 | karen.romer@hexagongroup.com

(mailto:karen.romer@hexagongroup.com)

Hiva Ghiri, VP IR, Hexagon Composites ASA Telephone: +47 958 66 790 |

hiva.ghiri@hexagongroup.com (mailto:hiva.ghiri@hexagongroup.com)

About Certarus

Certarus is the North American leader in providing low carbon energy solutions

through a fully integrated compressed natural gas (CNG), renewable natural gas

(RNG) and hydrogen platform. The company safely delivers clean burning fuels to

energy, utility, agricultural and industrial customers not connected to a

pipeline. Certarus is leading the energy transition by displacing more carbon

intensive fuels and helping customers lower operating costs and improve

environmental performance. With the largest fleet of specialty trailers in the

world, the company is uniquely positioned to meet the growing demand for zero

emission fuel distribution.

Learn more at www.certarus.com (http://www.certarus.com)

About Hexagon Purus

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, distribution, marine, rail and aerospace applications.

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

@HexagonPurus on Twitter and LinkedIn.

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 (http://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 (http://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