Hexagon Composites

Regulatory Filings • Dec 6, 2022

Hexagon Agility receives order from REV LNG for Mobile Pipeline® modules as demand to deliver Renewable Natural Gas continues to grow

Hexagon Agility receives order from REV LNG for Mobile Pipeline® modules as demand to deliver Renewable Natural Gas continues to grow

6 December 2022: Hexagon Agility, a business of Hexagon Composites, has received

a new order for TITAN(®) 53 Mobile Pipeline(®) modules from REV LNG, a leading

full-service mobile energy supply and project development company. The modules

will be used to transport and deliver renewable natural gas (RNG) from multiple

sites within the US.

This order represents an estimated value of USD 16.2 million (approx. NOK 158

million).

"To meet aggressive greenhouse gas reduction targets, our customers continue to

expand their energy portfolios through the use of RNG as the solution to fight

climate change," said David Kailbourne, President of REV LNG. "We continue to

invest in Hexagon Agility's high-capacity TITAN 53 modules because their proven

reliability has allowed us to rapidly expand our RNG portfolio to support

customer demand."

"RNG is the only carbon negative energy source and is key to reducing harmful

methane emissions," said Seung Baik, President of Hexagon Agility. "We applaud

REV LNG for its ongoing expansion into the market and look forward to continuing

to support their efforts."

About the market

RNG results in significant reductions of greenhouse gas (GHG) emissions when

compared to other clean energy solutions available today. Hexagon Agility's

Mobile Pipeline(®) modules enable the capture and collection of RNG from farms

not located near natural gas infrastructure. In North America, RNG is supported

by abundant natural gas pipeline infrastructure which allows for immediate use

today, and for decades to come. Hexagon Agility is enabling the adoption of RNG

to cost effectively combat climate change.

Timing

Deliveries of the Mobile Pipeline(®) modules are scheduled to start in the third

quarter of 2023.

For more information:

Karen Romer, SVP Communications, Hexagon Composites

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

(mailto:karen.romer@hexagongroup.com)

Ingrid Aarsnes, VP Investor Relations and ESG, Hexagon Composites ASA

Telephone: +47 950 38 364 | ingrid.aarsnes@hexagongroup.com

(mailto:ingrid.aarsnes@hexagongroup.com)

About REV LNG

REV LNG is a full-service supplier of liquid natural gas (LNG), compressed

natural gas (CNG) and renewable natural gas (RNG) specializing in development,

production, supply, transportation, and distribution solutions. As an integrated

solutions provider, REV has partnered with industry leading companies and led

the development of award-winning projects. Learn more at www.revlng.com

(http://www.revlng.com).

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 (renewable) natural gas storage and

distribution systems, Type 4 composite natural gas cylinders, propane, and

(renewable) 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.