Hexagon Agility receives order from REV LNG for Mobile Pipeline® modules as demand to deliver Renewable Natural Gas continues to grow

06 Dec 2022 07:00 CET

6 December 2022: Hexagon Agility, a business of Hexagon Composites, has received
a new order for TITAN(®) 53 Mobile Pipeline(®) modules from REV LNG, a leading
full-service mobile energy supply and project development company. The modules
will be used to transport and deliver renewable natural gas (RNG) from multiple
sites within the US.

This order represents an estimated value of USD 16.2 million (approx. NOK 158
million).

"To meet aggressive greenhouse gas reduction targets, our customers continue to
expand their energy portfolios through the use of RNG as the solution to fight
climate change," said David Kailbourne, President of REV LNG. "We continue to
invest in Hexagon Agility's high-capacity TITAN 53 modules because their proven
reliability has allowed us to rapidly expand our RNG portfolio to support
customer demand."

"RNG is the only carbon negative energy source and is key to reducing harmful
methane emissions," said Seung Baik, President of Hexagon Agility. "We applaud
REV LNG for its ongoing expansion into the market and look forward to continuing
to support their efforts."


About the market
RNG results in significant reductions of greenhouse gas (GHG) emissions when
compared to other clean energy solutions available today. Hexagon Agility's
Mobile Pipeline(®) modules enable the capture and collection of RNG from farms
not located near natural gas infrastructure. In North America, RNG is supported
by abundant natural gas pipeline infrastructure which allows for immediate use
today, and for decades to come. Hexagon Agility is enabling the adoption of RNG
to cost effectively combat climate change.


Timing
Deliveries of the Mobile Pipeline(®) modules are scheduled to start in the third
quarter of 2023.



For more information:

Karen Romer, SVP Communications, Hexagon Composites
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)



About REV LNG
REV LNG is a full-service supplier of liquid natural gas (LNG), compressed
natural gas (CNG) and renewable natural gas (RNG) specializing in development,
production, supply, transportation, and distribution solutions. As an integrated
solutions provider, REV has partnered with industry leading companies and led
the development of award-winning projects. Learn more at www.revlng.com
(http://www.revlng.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 (renewable) natural gas storage and
distribution systems, Type 4 composite natural gas cylinders, propane, and
(renewable) natural gas fuel systems. These products transport clean gaseous
fuels and enable vehicles to reduce emissions while saving operating costs.
Learn more at www.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
www.hexagongroup.com (http://www.hexagongroup.com) and follow @HexagonASA on
Twitter and LinkedIn.

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