Hexagon Purus selected by New Flyer for the fifth consecutive year to supply hydrogen cylinders for transit buses in North America

26 Nov 2024 22:30 CET

(Oslo, Norway, 26 November 2024) Hexagon Purus, a world leading manufacturer of
zero-emission mobility and infrastructure solutions, has been selected by New
Flyer, North America's largest mass mobility solutions provider, to supply
hydrogen cylinders for the fifth consecutive year. New Flyer, a subsidiary of
NFI Group Inc. ("NFI"), is playing a key role in enabling zero-emission
transportation in North America, deploying hydrogen buses and infrastructure in
cities across the U.S. and Canada.

Hexagon Purus will continue to provide its Type 4 hydrogen storage cylinders for
New Flyer's next generation, zero-emission hydrogen fuel cell-electric transit
bus, the Xcelsior CHARGE FC(TM), enabling a driving range of 370+ miles/600 km
on a
single refueling. The total value of this contract is estimated to be
approximately USD 6.3 million.

Production of the Type-4 hydrogen storage cylinders will be out of Hexagon
Purus' facility in Westminster, Maryland (U.S.). Since 2020, Hexagon Purus has
delivered hydrogen cylinders for more than 200 New Flyer hydrogen fuel cell-
electric transit buses.

Driving Energy Transformation

"New Flyer's next generation zero-emission hydrogen fuel cell-electric transit
bus, the Xcelsior CHARGE FC, is North America's most advanced hydrogen bus and
is built on decades of experience and innovation," says Brad Barnes, Strategic
Sourcing Vice President, NFI. "We are thrilled to continue our longstanding
partnership with Hexagon Purus and look forward to supporting our customers by
putting more high-performing hydrogen fuel cell-electric transit buses on the
road in North America during 2025".

"We have built a strong relationship with New Flyer over several years, and we
are very happy to continue supporting them in 2025", says Michael Kleschinski,
EVP Mobility & Infrastructure. "There is an increasing demand for zero-emission
solutions in public transportation, and New Flyer's hydrogen fuel cell-electric
transit bus offering plays a vital role in decarbonizing public transportation".


Timing

The cylinders will be delivered throughout 2025.

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.
According to the Hydrogen Council, the number of announced hydrogen projects
grew in 2023 by about 35% to over 1,400, equaling USD 570 billion investments.
Green hydrogen is projected to supply up to 25% of the world's energy needs by
2050.

For more information

Eli Turander, Global Communications Director, Hexagon Purus
Telephone: +47 953 35 795 | eli.turander@hexagonpurus.com
(mailto:eli.turander@hexagonpurus.com)

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(®) brands. It
also offers infrastructure development through NFI 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 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 X and LinkedIn

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

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