Hexagon Agility receives new order from Xpress Natural Gas (XNG) for Mobile Pipeline® modules to meet customer demand for clean energy

09 Nov 2022 09:00 CET

9 November 2022: Hexagon Agility, a business of Hexagon Composites, received a
new order from Xpress Natural Gas LLC (XNG), a leading full-service provider of
compressed natural gas (CNG) in the United States, to deliver Mobile Pipeline(®)
modules to transport clean and renewable natural gas (RNG).

This order has an estimated value of USD 14.8 million (approx. NOK 150 million).

Delivering safe and innovative solutions

"We look forward to continuing to grow our relationship with Hexagon Agility as
a key supplier to XNG as we work to provide safe, reliable cleaner energy
solutions to an increasing number of customers and sectors unserved by
traditional energy pipelines" said Simon Richards, Chief Executive Officer at
XNG. We're really pleased to continue to expand our fleet with Hexagon Agility's
Mobile Pipeline products. "TITAN 53 modules, allow us to safely and efficiently
deliver CNG to communities with the fewest number of trips. As we continue to
expand our market areas Hexagon products give us the flexibility to serve all
types of industries and end users seeking a lower carbon, less expensive energy
solution."

No pipeline. No problem. TITAN(®) 53 modules offer the highest capacity in North
America and can serve multiple communities and industries that do not have
access to natural gas or lack sufficient pipeline capacity to meet anticipated
demand.

"The Northeastern part of the United States continues to struggle from a lack of
infrastructure to deliver natural gas to the region" said Seung Baik, President
of Hexagon Agility. "The winter season is particularly challenging. We are
pleased to work with XNG to help keep homes warm and factories running."

About the market

Mobile Pipeline is vital to driving energy transformation away from petroleum
fuels to clean and renewable natural gas. Companies like XNG are leaders in the
industry, enabling customers without pipeline access to adopt natural gas and
meet their environmental goals.

Natural gas is today's low carbon, cost effective alternative energy. RNG is
pipeline quality gas fully compatible with today's infrastructure and Mobile
Pipeline equipment. Because RNG is the only carbon negative energy source, it is
being rapidly adopted to drive decarbonization of industrial and vehicle fleet
operations.

With more than 1,800 Mobile Pipeline modules now deployed around the world,
Hexagon Agility continues to set the standard for safety, reliability, and
performance.

Timing

The modules are expected to be delivered in the second quarter of 2023.

For more information:

Karen Romer, SVP Communications, Hexagon Composites ASA
Telephone: +47 950 74 950 | karen.romer@hexagongroup.com
(mailto:karen.romer@hexagongroup.com)

Ingrid Aarsnes, VP Investor Relations and ESG, Hexagon Composites ASA
Telephone: +47 950 38 364 | ingrid.aarsnes@hexagongroup.com
(mailto:ingrid.aarsnes@hexagongroup.com)

Seth Berry, Chief Development Officer, Xpress Natural Gas LLC
Telephone: 508-846-8200 | sberry@xng.com (mailto:sberry@xng.com)


About Xpress Natural Gas

Founded in 2011, XNG provides an alternative energy source for businesses
without access to a gas pipeline. By transporting compressed natural gas in both
the U.S. and Canada, XNG provides a consistent and reliable, low-carbon energy
source for its broad customer base. The company's business model enables CNG to
be delivered to over 40 customer sites around the clock, 365 days a year. As a
leading provider of CNG, the company is positioned for exponential growth in
customer installments throughout 2021 and beyond. For more information about
Xpress Natural Gas: www.xng.com (http://www.xng.com)


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. Its product offerings include natural gas storage and delivery
systems, Type 4 composite natural gas cylinders, propane, and 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
(http://www.hexagonagility.com) and follow @HexagonAgility on Twitter 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 (http://www.hexagongroup.com) and follow @HexagonASA on Twitter
and LinkedIn.

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