Hexagon Purus receives order to deliver mobile hydrogen refueling stations and stationary storage to Deutsche Bahn

09 Feb 2023 07:00 CET

(Oslo, 9 February 2023) Hexagon Purus, through its wholly owned subsidiary
Wystrach GmbH ("Wystrach"), a leading hydrogen systems supplier, has received an
order for mobile hydrogen refueling stations and stationary storage from
Deutsche Bahn, a leading provider of mobility and logistics services worldwide
and the number one railway operator in Europe. Hexagon Purus' mobile hydrogen
refueling stations and stationary storage including its type 4 hydrogen
cylinders will be used for rail and other mobile applications in Germany. The
value of the order is approximately EUR 2.5 million (approximately NOK 25
million).

Driving Energy Transformation

"Our mobile hydrogen refueling station offers a plug and play solution for our
customer with one-day installation on-site", says Matthias Kötter, Head of Sales
Wystrach, Hexagon Purus. "The mobile hydrogen refueling station enables
emission-free logistics and intralogistics with no limit to where it can be
deployed to support hydrogen fleet adoption".

About the market

The mobility sector is accountable for approximately 20% 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 amongst other the mobility 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, more
than 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 2050.

Timing

Delivery of the hydrogen mobile refueling stations and stationary storage is
scheduled from Q2 2023 to Q4 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 DB Energie

Deutsche Bahn is one of the leading providers of mobility and logistics services
worldwide and the number one railway operator in Europe. Founded in Germany, the
company operates in over 130 countries and has more than 180 years of railway
experience.On its way to climate neutrality in 2040 DB will replace all diesel
powered vehicles and therefore invest in alternative drive technologies like
hydrogen powered infrastructure to stay Germanys leading power suppliers for the
train sector.

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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