Hexagon Purus selected by New Flyer for the third time as partner for the hydrogen bus market in North America

14 Feb 2023 10:10 CET

(Oslo, Norway, 14 February 2023) Hexagon Purus, a world leading manufacturer of
zero-emission mobility and infrastructure solutions, has been selected as
supplier of hydrogen cylinders for the third year in a row by New Flyer, North
America's largest mass mobility solutions provider. New Flyer, a subsidiary of
NFI Group Inc. ("NFI"), is playing an active leadership role in zero emission
transportation in North America, putting sustainable buses and infrastructure in
place in cities across the U.S. and Canada.

Hexagon Purus will continue to provide its Type 4 hydrogen storage cylinders for
New Flyer's serially produced hydrogen fuel cell electric transit bus, the
Xcelsior CHARGE H2(TM), enabling a driving range of up to 350 miles/560 km on a
single refueling. The total value of this contract is estimated to be
approximately USD 2.5 million (approximately NOK 25 million).

Production of the Type-4 hydrogen storage cylinders will be out of Hexagon
Purus' newly opened facility in Westminister, Maryland (U.S.). Since 2020,
Hexagon Purus has delivered hydrogen cylinders for more than 80 New Flyer
hydrogen fuel cell electric transit buses.

Driving Energy Transformation

"NFI is leading the evolution to zero-emission mobility in North American cities
with scalable, clean, and sustainable mobility solutions that enable reduced
greenhouse gas emissions and reduce congestion. Hexagon Purus has been a long-
term partner, and we are happy to continue offering hydrogen fuel cell-electric
vehicles that deliver extended range, faster fill times, and strong performance,
from beginning to end of life," said David White, Executive Vice President,
Supply Management, NFI.

"We at Hexagon Purus believe that clean air is a right, not a privilege, and
hydrogen as a fuel source for transit bus can reduce harmful emissions into the
environment and improve the air quality in the cities", says Jim Harris, Vice
President of North America Hydrogen Storage Operations. "Hexagon Purus and New
Flyer have been working closely together since 2015 and we are proud to be part
of New Flyer's effort in decarbonizing transit bus operations in North America."

Timing

Delivery of the cylinders is scheduled from Q2 2023 to Q1 2024.

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.

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 New Flyer

New Flyer is North America's heavy-duty transit bus leader and offers the most
advanced product line under the Xcelsior® and Xcelsior CHARGE(TM) brands. It
also
offers infrastructure development through New Flyer Infrastructure
Solutions(TM), a
service dedicated to providing safe, sustainable, and reliable charging and
mobility solutions. New Flyer actively supports over 35,000 heavy-duty transit
buses (New Flyer, NABI, and Orion) currently in service, of which 8,600 are
powered by electric motors and battery propulsion and 1,900 are zero-emission.

Further information is available at www.newflyer.com (http://www.newflyer.com).

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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