Hexagon Composites

Hexagon Agility receives significant order for RNG fuel systems from major refuse fleet in North America

13 August 2024: Hexagon Agility, a subsidiary of Hexagon Composites, has

received orders for renewable natural gas (RNG) fuel systems from a major refuse

fleet in North America. The orders have a total value of USD 18.7 million

(approximately NOK 203 million).

"We are proud to enable this refuse fleet to achieve cost-effective, carbon

-negative transportation without compromising their existing business

operations," says Eric Bippus. "Refuse fleets face the challenge of heavy

payloads and unique and demanding operating environments. Making the switch to

RNG offers fleets a proven and profitable option that reduces their carbon

footprint - and provides a reliable and cost-effective solution for critical

fleet operations."

About the market

RNG captured from organic material in agricultural, wastewater, landfill, or

food waste can produce carbon-negative results when fueling on-road vehicles

like short- and long-haul trucks, transit buses, and refuse and recycling

collection vehicles.

According to The Transport Project (formerly NGVAmerica) in the U.S. in 2023,

79% of all on-road fuel used in natural gas vehicles was RNG. This number grew

by 16% compared to 2022 volumes, increasing 234% over the last six years.

Timing

Deliveries of the RNG fuel systems are scheduled to start in the third 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 bulk gas transportation. Its

product offerings include (renewable) natural gas bulk distribution systems of

compressed gases, light-weight Type 4 composite natural gas cylinders, 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 X 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 X and LinkedIn.

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