Hexagon Composites

Hexagon Agility receives new order for Mobile Pipeline modules

9 July 2024: Hexagon Agility, a business of Hexagon Composites, has received an

order for Mobile Pipeline[®] TITAN modules from a global leading industrial gas

company. The modules will be used to support growth in a key industrial gas

market.

The order has an estimated value of USD 12.8 million (approx. NOK 135 million),

and represents the continued diversification of Mobile Pipeline into new market

segments.

Reducing emissions and cost

The all-composite design of the TITAN cylinders and high-strength steel frame

enables the safe transport of nearly double the gas capacity of steel tube

trailers. This results in fewer trips to deliver the same amount of gas,

improving operational efficiency and reduces total cost of ownership and

transportation emissions.

"We are proud to provide our customer with solutions that drive their business

and the industry forward," said Mark Babcock, Senior Director of Mobile Pipeline

at Hexagon Agility.

About the market

The competitive landscape of the industrial gas market has intensified globally

over the past decade. Cost effective solutions that improve distribution

efficiency are essential to delivering supply chain reliability and value for

industrial gas customers.

Timing

Deliveries of the modules are scheduled to start in the fourth 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 gas transportation

solutions. Products offered include (renewable) natural gas storage and

distribution systems, Type 4 composite natural gas cylinders, and (renewable)

natural gas vehicle fuel systems. These products transport clean gaseous fuels

and enable customers 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 and industrial applications. Learn more at

hexagongroup.com and follow @HexagonASA on X and LinkedIn.

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