Hexagon Composites

Regulatory Filings • Jan 24, 2023

Hexagon Agility receives orders from RenewGas Transportation for Mobile Pipeline® TITAN modules to deliver renewable natural gas

Hexagon Agility receives orders from RenewGas Transportation for Mobile Pipeline® TITAN modules to deliver renewable natural gas

24 January 2023: Hexagon Agility, a business of Hexagon Composites, has received

new orders for TITAN products from RenewGas Transportation, a leading provider

of complete turnkey transportation solutions for renewable natural gas (RNG), to

deliver Mobile Pipeline modules to transport and deliver RNG derived from

agricultural waste.

This order represents an estimated value of USD 4.5 million (approx. NOK 44

million).

"As we continue to grow our fleet of modules to transport RNG, Hexagon Agility

has been a key partner," said Matt Smith, President and Founder of RenewGas

Transportation. "We are focused on providing the most reliable and safe RNG

transport solutions in the renewables industry, and Hexagon Agility trailers

have proven to meet our and our customers' high-performance requirements."

About the market

Research shows that RNG derived from agricultural waste when used as

transportation fuel can offer more than a 200% improvement in well-to-wheel

emission reductions compared to diesel. RNG results in substantial reductions of

greenhouse gas emissions when compared to any other clean energy solution

available today. In addition, RNG is a drop-in fuel supported by the vast

natural gas pipeline infrastructure, which allows for immediate deployment and

provides significant environmental benefits today and for decades to come.

"We are delighted to continue working with RenewGas Transportation and to grow

their fleet of Mobile Pipeline modules. RenewGas Transportation's focus on RNG

is very much aligned with Hexagon Agility's goals of supporting Clean Air

Everywhere," said Mark Babcock, Director of Mobile Pipeline, Hexagon Agility.

"RNG is recognized as one of the best methods currently available to reduce

greenhouse gas emissions from the transportation and utility sectors of our

economy."

Timing

Deliveries of the modules are scheduled to start in the fourth 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

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

(mailto:ingrid.aarsnes@hexagongroup.com)

About RenewGas Transportation

RenewGas Transportation specializes in the unique needs of the RNG industry and

offers turnkey transportation solutions for RNG developers lacking natural gas

pipeline access. RenewGas Transportation manages every aspect of transportation

including training, maintenance, monitoring and full federal and state

regulatory compliance for hazmat transport. Learn more at

renewgastransportation.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 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.