Hexagon Composites

Regulatory Filings • Apr 19, 2023

Hexagon Purus opens engineering and manufacturing facility for battery and hydrogen storage systems in Kelowna, Canada

Hexagon Purus opens engineering and manufacturing facility for battery and hydrogen storage systems in Kelowna, Canada

The global demand for zero-emission commercial vehicles is rising as the world

is becoming ever more committed to combatting climate change. Hexagon Purus,

with its purpose to help drive energy transformation through zero emission

solutions, announces the opening of its new engineering and manufacturing

facility for battery and hydrogen storage systems in Kelowna, Canada. This is

Hexagon Purus' second opening of a new manufacturing facility this year,

following the successful opening of its new hydrogen cylinder production

facility in Westminster, Maryland, USA in January.

The 60,000 square foot facility will support the annual production of more than

1,000 battery systems for heavy duty vehicle applications and will employ up to

150 engineers and assembly technicians.

"We are currently providing battery and fuel cell electric systems for several

heavy-duty trucking OEMs. This site will serve a dual role, not only as a highly

automated battery pack production site but also a technical center of excellence

for everything zero emission focused" says Todd Sloan, Executive Vice President

at Hexagon Purus.

About the market

The transportation sector is accountable for about 20% of annual carbon

emissions globally, and hydrogen has a significant role to play in reducing

emissions from this sector and other "hard to abate" sectors. Making green

hydrogen available for use in the transportation sector is critical to reduce

carbon emissions.

As hydrogen, a key contributor to the energy transition, continues to build

momentum globally, more than 30 countries have released hydrogen roadmaps, over

USD 70 billion in government funding is committed to hydrogen investments, 500

large-scale hydrogen projects have been announced by the industry to date and

green hydrogen is projected to supply up to 25% of the world's energy needs by

For more information:

Mathias Meidell, Investor Relations Director, Hexagon Purus

Telephone: +47 909 82 242 | mathias.meidell@hexagonpurus.com

(mailto:mathias.meidell@hexagonpurus.com)

Ina Jünemann, Senior Global Marketing Manager, Hexagon Purus

Telephone: +49 151 5804 4647 | ina.juenemann@hexagonpurus.com

(mailto:ina.juenemann@hexagonpurus.com)

Present at opening ceremony will be Morten Holum, CEO; Todd Sloan, EVP Hexagon

Purus.

About Hexagon Purus

Hexagon Purus enables zero emission mobility for a cleaner energy future. The

company is a world leading provider of hydrogen storage systems, battery systems

and full zero emission vehicle integration for both fuel cell electric and

battery electric vehicles. Hexagon Purus' products are used in a variety of

applications including medium and heavy-duty vehicles, buses, ground storage,

distribution, refueling, maritime, rail and aerospace.

Learn more at www.hexagonpurus.com and follow @HexagonPurus on Twitter and

LinkedIn.