Hexagon Composites

Hexagon Agility receives order for Mobile Pipeline® TITAN 450 modules from a premier energy company

7 July 2023: Hexagon Agility, a business of Hexagon Composites, has received an

inaugural order for Mobile Pipeline(®) TITAN 450 modules from an industry-

leading U.S. energy company. The modules will be used to supply clean natural

gas to its fleet to reduce carbon emissions and operating cost.

The order represents an estimated value of USD 14.3 million (approx. NOK 155

million).

Mobile Pipeline is vital to driving energy transformation by providing

alternatives to petroleum fuels with the use of clean and renewable natural gas.

Natural gas is today's low carbon, cost effective alternative energy. With more

than 1,800 Mobile Pipeline modules deployed around the world, Hexagon Agility

continues to set the standard for safety, reliability, and performance.

"We remain committed to driving energy transformation," says Miguel Raimao, VP

Mobile Pipeline, Hexagon Agility. "Our TITAN 450 modules are engineered to

deliver world class performance in the most demanding applications, and we look

forward to serving our customer with this exciting new product."

Timing

Deliveries of the new orders will commence in the second quarter of 2024.

For more information:

Karen Romer, SVP Communications, Hexagon Composites ASA

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

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

Telephone: +47 950 38 364 | [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 (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 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

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

AI Terminal