Hexagon Purus receives second follow-on order for hydrogen distribution systems and mobile refueling stations from ZE PAK Group

16 Sep 2022 13:35 CEST

Hexagon Purus, through its wholly owned subsidiary Wystrach GmbH ("Wystrach"),
has received a follow-on order for hydrogen distribution systems and mobile
refueling stations from ZE PAK Group, Poland's largest privately owned
electricity producer.

The follow-on order can be viewed in conjunction with the two separate
announcements in Hexagon Purus' Q4 2021 presentation and on June 16 for hydrogen
distribution systems and mobile hydrogen refueling stations. The value of the
second follow-on order is approximately EUR 6 million (approximately NOK 60
million). With this recent order, the total value of hydrogen systems being
delivered by Hexagon Purus is EUR 13 million (approximately NOK 130 million).

Driving Energy Transformation

"We are accelerating the development of our green hydrogen value chain in
Poland. We recently received EU homologation for our hydrogen citibus - Nesobus.
The successful tests of our hydrogen bus in four big Polish cities received
strong positive feedback from the passengers and the authorities. We are happy
we can speed up the transition to a hydrogen economy together with a reliable
partner, Hexagon Purus", says Maciej Stec, Vice President of the Management
Board for Strategy, Polsat Plus Group and Member of the Supervisory Board of ZE
PAK SA.

"The second follow-on order is a testament to our technology and capabilities to
deliver high-quality hydrogen technology to "hard to abate" sectors, says
Matthias Kötter, Head of Wystrach Sales, Hexagon Purus. "PAC PCE is an important
client of Hexagon Purus, and we are happy to continue supporting their growth in
Poland".

About the market

The industrial and mobility sectors are accountable for close to 50% of annual
carbon emissions globally, and hydrogen has a significant role to play in
reducing these emissions, particularly in "hard to abate" sectors. Making green
hydrogen available for use in industrial processes and mobility is critical to
reduce carbon emissions.

Poland emits more than 400 million tons of carbon emission annually and
approximately 70% of the total energy production is still sourced from coal.
Making green hydrogen available is a key prerequisite for the Polish energy
sector to transition into zero-emission energy and to secure cheaper energy.

On 2 November 2021, the Council of Ministers approved the Polish Hydrogen
Strategy to the year 2030 with an outlook to the year 2040. The strategy sets
out the main objectives and covers 40 actions for the development of a low
carbon hydrogen economy in Poland with emphasis on the use of hydrogen in the
energy, transport, and industry sectors. Within transport, key goals of 2030
include capacity for 2 GW electrolyzers, the roll-out of 800-1,000 new FCEV
buses and the installation of a minimum of 32 hydrogen refueling stations.

Timing

The delivery of the hydrogen distribution systems and mobile refueling stations
is scheduled from Q2 to Q3 2023.

For more information:

Mathias Meidell, Investor Relations Director, Hexagon Purus
Telephone: +47 909 82 242 | mathias.meidell@hexagonpurus.com
(mailto:mathias.meidell@hexagonpurus.com)

About ZE PAK Group

ZE PAK Group is the largest private electricity producer in Poland with over 60
years of experience in the electricity generation sector. ZE PAK is currently
implementing an ambitious energy transformation plan: the transition from coal
to zero-emission energy production and the construction of a nationwide, full
value chain of renewable hydrogen. Lignite-fired power stations will be phased
out, and production based on lignite will be phased out by the end of this
decade. In 2021, the ZE PAK Group produced 4.36 TWh of electricity, and revenues
amounted to PLN 2.2 billion. The Group currently employs nearly 3,500 people.
The ZE PAK Group is controlled by Mr. Zygmunt Solorz, one of the largest and
most well-known entrepreneurs in Poland, with activities in the media,
telecommunications, and real estate sectors.


About Hexagon Purus

Hexagon Purus, a Hexagon Composites company, enables zero emission mobility for
a cleaner energy future. The company is a world leading provider of hydrogen
Type 4 high-pressure cylinders and systems, battery systems and vehicle
integration solutions for fuel cell electric and battery electric vehicles.
Hexagon Purus' products are used in a variety of applications including light,
medium and heavy-duty vehicles, buses, ground storage, distribution, refueling,
maritime, rail and aerospace.

Learn more at www.hexagonpurus.com (http://www.hexagonpurus.com) and follow
@HexagonPurus on Twitter and LinkedIn.

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