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Hexagon Composites

Regulatory Filings Jan 20, 2025

3619_rns_2025-01-20_d313a4b2-43aa-4974-bed3-046d0345ca79.html

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Hexagon Digital Wave enters into exclusive long-term agreement with Certarus to provide requalification services of their gas transportation fleet

Hexagon Digital Wave enters into exclusive long-term agreement with Certarus to provide requalification services of their gas transportation fleet

20 January 2025: Hexagon Digital Wave, a subsidiary of Hexagon Composites, has

entered into a long-term agreement (LTA) with Certarus, the North American

leader in compressed gas transportation and distribution, to provide exclusive

requalification services to their fleet of gas transportation trailers. The LTA

runs from January 2025 to December 2027.

Hexagon Digital Wave utilizes its Modal Acoustic Emission (MAE) technology to

perform in-situ requalification of Certarus' gas transportation modules. MAE is

the most accurate method for inspection and testing of composite cylinders,

ensuring the highest standards of safety and compliance for gas transportation.

The use of in-situ MAE requalification streamlines Certarus' fleet maintenance

and inspection procedures, ultimately enhancing operational efficiency and

reducing downtime.

"We are pleased with the benefits that come with utilizing Hexagon Digital

Wave's MAE technology for our Mobile Storage Unit cylinder recertification

process," said Natasha Cherednichenko, President at Certarus. "Their expertise

and technology are helping our industry improve safety and compliance, and

reduces downtime associated with other testing processes."

"We are proud to partner with Certarus in their mission to deliver clean energy

safely and reliably", said Dr. Brian Burks, President at Hexagon Digital Wave.

"Hexagon Digital Wave is committed to providing safety to our Customers through

MAE inspections."

About the market

The growing demand for alternative fuels has led to a significant increase in

compressed gas transport which is driving fleet owners to seek a safe and

efficient method for requalification of composite tube trailers which is

required every five years.

MAE is a non-invasive testing technology that reduces trailer downtime for

requalification as compared to the alternative of hydrostatic testing, while

simultaneously providing information about the structural integrity of the

composite laminate that cannot be obtained by hydrostatic testing. Hexagon

Digital Wave has pioneered MAE technology and completed the requalification of

over 750 composite gas distribution trailers across North America.

Contacts:

Berit-Cathrin Høyvik, Senior Director, Communications, Hexagon Composites

Telephone: +47 988 92 161 | [email protected]

David Bandele, CFO, Hexagon Composites

Telephone: +47 920 91 483 | [email protected]

About Hexagon Digital Wave

Hexagon Digital Wave, a subsidiary of Hexagon Composites, is the leading digital

solutions provider of non-destructive testing methods, which include Ultrasonic

Examination (UE) and Modal Acoustic Emission (MAE) inspection products and

services. With applications in the industrial gas, fire service equipment,

medical oxygen, automotive, alternative fuels, and aerospace industries, Hexagon

Digital Wave's goal is to enhance safety in the industries it serves, while

simultaneously reducing asset down time.

About Certarus

Certarus is the North American leader in providing on-road low carbon energy

solutions through a fully integrated compressed natural gas (CNG), renewable

natural gas (RNG), and hydrogen platform. Certarus safely delivers clean burning

fuels to energy, utility, agricultural and industrial customers not connected to

a pipeline. By displacing more carbon intensive fuels, Certarus is leading the

energy transition and helping customers lower operating costs and improve

environmental performance. With the largest fleet of mobile storage units in

North America, Certarus is uniquely positioned to meet the growing demand for

low and zero emission energy distribution.

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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