Hexagon Purus opens engineering and manufacturing facility for battery and hydrogen storage systems in Kelowna, Canada

19 Apr 2023 15:00 CEST

The global demand for zero-emission commercial vehicles is rising as the world
is becoming ever more committed to combatting climate change. Hexagon Purus,
with its purpose to help drive energy transformation through zero emission
solutions, announces the opening of its new engineering and manufacturing
facility for battery and hydrogen storage systems in Kelowna, Canada. This is
Hexagon Purus' second opening of a new manufacturing facility this year,
following the successful opening of its new hydrogen cylinder production
facility in Westminster, Maryland, USA in January.

The 60,000 square foot facility will support the annual production of more than
1,000 battery systems for heavy duty vehicle applications and will employ up to
150 engineers and assembly technicians.

"We are currently providing battery and fuel cell electric systems for several
heavy-duty trucking OEMs. This site will serve a dual role, not only as a highly
automated battery pack production site but also a technical center of excellence
for everything zero emission focused" says Todd Sloan, EVP at Hexagon Purus.

About the market

The transportation sector is accountable for about 20% of annual carbon
emissions globally, and hydrogen has a significant role to play in reducing
emissions from this sector and other "hard to abate" sectors. Making green
hydrogen available for use in the transportation 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, 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)

Ina Jünemann, Senior Global Marketing Manager, Hexagon Purus
Telephone: +49 151 5804 4647 | ina.juenemann@hexagonpurus.com
(mailto:ina.juenemann@hexagonpurus.com)

Present at opening ceremony will be Morten Holum, CEO; Todd Sloan, EVP Systems.

About Hexagon Purus

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

Learn more at www.hexagonpurus.com and follow @HexagonPurus on Twitter and
LinkedIn.

More information:
Access the news on Oslo Bors NewsWeb site