Hexagon Composites

Regulatory Filings • Feb 9, 2023

Hexagon Purus receives order to deliver mobile hydrogen refueling stations and stationary storage to Deutsche Bahn

Hexagon Purus receives order to deliver mobile hydrogen refueling stations and stationary storage to Deutsche Bahn

(Oslo, 9 February 2023) Hexagon Purus, through its wholly owned subsidiary

Wystrach GmbH ("Wystrach"), a leading hydrogen systems supplier, has received an

order for mobile hydrogen refueling stations and stationary storage from

Deutsche Bahn, a leading provider of mobility and logistics services worldwide

and the number one railway operator in Europe. Hexagon Purus' mobile hydrogen

refueling stations and stationary storage including its type 4 hydrogen

cylinders will be used for rail and other mobile applications in Germany. The

value of the order is approximately EUR 2.5 million (approximately NOK 25

million).

Driving Energy Transformation

"Our mobile hydrogen refueling station offers a plug and play solution for our

customer with one-day installation on-site", says Matthias Kötter, Head of Sales

Wystrach, Hexagon Purus. "The mobile hydrogen refueling station enables

emission-free logistics and intralogistics with no limit to where it can be

deployed to support hydrogen fleet adoption".

About the market

The mobility sector is accountable for approximately 20% of annual carbon

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

these emissions, particularly in "hard to abate" sectors. Making green hydrogen

available for use in amongst other the mobility 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, more

than 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 2050.

Timing

Delivery of the hydrogen mobile refueling stations and stationary storage is

scheduled from Q2 2023 to Q4 2023.

For more information:

Mathias Meidell, Investor Relations Director, Hexagon Purus

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

(mailto:mathias.meidell@hexagonpurus.com)

About DB Energie

Deutsche Bahn is one of the leading providers of mobility and logistics services

worldwide and the number one railway operator in Europe. Founded in Germany, the

company operates in over 130 countries and has more than 180 years of railway

experience.On its way to climate neutrality in 2040 DB will replace all diesel

powered vehicles and therefore invest in alternative drive technologies like

hydrogen powered infrastructure to stay Germanys leading power suppliers for the

train sector.

About Hexagon Purus

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

a cleaner energy future. The company is a world leading provider of hydrogen

Type 4 high-pressure cylinders and systems, battery systems and vehicle

integration solutions for fuel cell electric and battery electric vehicles.

Hexagon Purus' products are used in a variety of applications including light,

medium and heavy-duty vehicles, buses, ground storage, distribution, refueling,

maritime, rail and aerospace.

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

@HexagonPurus on Twitter and LinkedIn.