Hexagon Composites

Regulatory Filings • Jan 23, 2023

Hexagon Agility receives new order from CORE Automated Fueling Solutions for Mobile Pipeline® TITAN modules to displace diesel with natural gas

Hexagon Agility receives new order from CORE Automated Fueling Solutions for Mobile Pipeline® TITAN modules to displace diesel with natural gas

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

a new order from Permian Global, Inc. d/b/a CORE Automated Fueling Solutions and

CORE Natural Gas (CORE), to deliver industry leading Mobile Pipeline® TITAN

modules to accelerate the adoption of natural gas in the energy sector. CORE is

a leading provider of compressed natural gas (CNG) fueling solutions in West

Texas.

This order has an estimated value of USD 4.7 million (approx. NOK 46 million).

Decarbonizing energy production with natural gas

"CORE is working diligently to meet escalating customer demand for reliable,

safe, and low carbon energy. Our ongoing partnership with Hexagon has helped us

build one of the largest fleets in West Texas that can deliver CNG to our

customers in the region. The TITAN trailers have proven very reliable and are

the backbone of our fleet. These additional units will increase our network

capacity and ensure that our customers continue to receive exceptional service

from CORE," said Brent Bruner, Senior Vice President of Natural Gas and

Manufacturing, CORE.

Now with over 10 years of continuous innovation, TITAN products lead the

industry with more units in global service than any other brand and offer the

highest gas capacity available under 80,000 gross vehicle weight. TITAN modules

employ the largest composite cylinder in the world, greatly reducing plumbing

complexity and maximizing uptime reliability.

"The energy sector is critical to jobs, the economy, and the environment. It's

exciting to see the industry investing in decarbonizing solutions and they

couldn't do it without companies like CORE, that deliver safe and reliable

fueling solutions." said Miguel Raimao, Vice President of Mobile Pipeline,

Hexagon Agility. "We're proud to be selected as a strategic supplier as CORE

continues its mission to provide cost effective and clean natural gas to its

customers."

About the market

Mobile Pipeline is vital to driving energy transformation away from petroleum

fuels to clean and renewable natural gas. Companies like CORE are leaders in the

industry, enabling customers without pipeline access to adopt natural gas and

meet their environmental goals. Natural gas is today's low carbon, cost

effective alternative energy.

With more than 1,800 Mobile Pipeline modules now deployed around the world,

Hexagon Agility continues to set the standard for safety, reliability, and

performance.

Timing

The modules are expected to be delivered 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 Permian Global, Inc. d/b/a CORE Automated Fueling Solutions

CORE is a leading fuel technology and software solutions provider for the energy

and industrial sectors operating West Texas. CORE is a market leader in

Automated Fueling Solutions and has a rapidly growing presence in CNG Fueling

Services in the greater Permian Basin region. CORE works closely with Manticore

Fuels, LLC (Manticore Fuels), an affiliate company that is one of largest frac

fuel providers in the West Texas market. Learn more at www.corefueling.com

(http://www.corefueling.com)

About Manticore Fuels, LLC

Manticore Fuels is a leading fueling services provider in West Texas and New

Mexico providing "white glove" diesel & CNG fueling services, automation

services, and rental services to the energy sector.  Learn more at

www.manticorefuels.com (http://www.manticorefuels.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 (http://www.hexagongroup.com) and follow @HexagonASA on Twitter

and LinkedIn.