Hexagon Agility receives new order for Mobile Pipeline modules

09 Jul 2024 08:00 CEST

9 July 2024: Hexagon Agility, a business of Hexagon Composites, has received an
order for Mobile Pipeline[®] TITAN modules from a global leading industrial gas
company. The modules will be used to support growth in a key industrial gas
market.

The order has an estimated value of USD 12.8 million (approx. NOK 135 million),
and represents the continued diversification of Mobile Pipeline into new market
segments.

Reducing emissions and cost
The all-composite design of the TITAN cylinders and high-strength steel frame
enables the safe transport of nearly double the gas capacity of steel tube
trailers. This results in fewer trips to deliver the same amount of gas,
improving operational efficiency and reduces total cost of ownership and
transportation emissions.

"We are proud to provide our customer with solutions that drive their business
and the industry forward," said Mark Babcock, Senior Director of Mobile Pipeline
at Hexagon Agility.

About the market
The competitive landscape of the industrial gas market has intensified globally
over the past decade. Cost effective solutions that improve distribution
efficiency are essential to delivering supply chain reliability and value for
industrial gas customers.

Timing
Deliveries of the modules are scheduled to start in the fourth quarter of 2024.

For more information:

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

Ingrid Aarsnes, VP Investor Relations and ESG, Hexagon Composites ASA
Telephone: +47 950 38 364 | ingrid.aarsnes@hexagongroup.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.  Products offered include (renewable) natural gas storage and
distribution systems, Type 4 composite natural gas cylinders, and (renewable)
natural gas vehicle fuel systems. These products transport clean gaseous fuels
and enable customers to reduce emissions while saving operating costs. Learn
more at hexagonagility.com and follow @HexagonAgility on X 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 and industrial applications. Learn more at
hexagongroup.com and follow @HexagonASA on X and LinkedIn.

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