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Hexagon Composites — Share Issue/Capital Change 2022
Feb 24, 2022
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Hexagon Purus receives inaugural order for high-pressure hydrogen fuel systems from a Polish bus OEM
Hexagon Purus receives inaugural order for high-pressure hydrogen fuel systems from a Polish bus OEM
Hexagon Purus, a world leading supplier of zero emission mobility solutions, has
received an inaugural order from a Polish bus OEM for high-pressure hydrogen
systems for serial production of fuel-cell transit buses. Hexagon Purus' Type 4
cylinder-based fuel systems will accelerate the introduction of fuel-cell
transit buses in the European marketplace by supporting this new customer. The
hydrogen fuel systems will be supplied from Hexagon Purus' facility in Kassel,
Germany. The value of the order is approximately EUR 930,000 (NOK 9.3 million).
Driving Energy Transformation
"The order is testament to our technology and confirms our strong position with
European bus OEMs as supplier of high-pressure hydrogen fuel systems," says
Michael Kleschinski, Executive Vice President of Hexagon Purus. "We see an
increasing demand for fuel-cell transit buses in Europe and we are thrilled to
support this rollout".
About the market
The transportation sector is accountable for about 20% of annual carbon
emissions globally, and hydrogen has a significant role to play in reducing
emissions from this sector and other "hard to abate" sectors. Making green
hydrogen available for use in the transportation sector is critical to reduce
carbon emissions.
As hydrogen, a key contributor to the energy transition, continues to build
momentum globally, more than 30 countries have released hydrogen roadmaps, over
USD 70 billion in government funding is committed to hydrogen investments, 500
large-scale hydrogen projects have been announced by the industry to date and
green hydrogen is projected to supply up to 25% of the world's energy needs by
Timing
The high-pressure hydrogen systems are scheduled for deliveries from Q2 to Q4,
For more information:
Mathias Meidell, Investor Relations Director, Hexagon Purus
Telephone: +47 909 82 242 | [email protected]
(mailto:[email protected])
Karen Romer, SVP Communications, Hexagon Composites
Telephone: +47 950 74 950 | [email protected]
(mailto:[email protected])
About Hexagon Purus
Hexagon Purus, a Hexagon Composites company, enables zero emission mobility for
a cleaner energy future. Hexagon Purus is a world leading provider of Hydrogen
Type 4 high-pressure cylinders, complete vehicle systems and battery packs for
fuel cell electric and battery electric vehicles (FCEV and BEV) including hybrid
mobility applications on light, medium and heavy-duty vehicles, transit buses,
ground storage, distribution, marine, rail, and aerospace applications.
Learn more at www.hexagonpurus.com (http://www.hexagonpurus.com) and follow
@HexagonPurus on Twitter and LinkedIn.
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act