Hexagon Agility receives order for Mobile Pipeline[® ]TITAN 450 modules from a premier Oilfield service company

30 Dec 2024 12:45 CET

30 December 2024: Hexagon Agility, a business of Hexagon Composites, has
received an order for Mobile Pipeline[®] TITAN 450 modules from a leading U.S.
Oilfield Services company. The modules will enable the company's fleet of well
completion equipment to transition from diesel fuel to natural gas, reducing
both carbon emissions and operating costs.

The order represents an estimated value of USD 11.2 million (approx. NOK 127
million).

Mobile Pipeline is vital to driving the transition from diesel fuel to natural
gas. Oilfield Services is one of the most demanding applications requiring cost
-effective and reliable energy supply to remote and rugged areas. Natural gas is
currently the only economically viable alternative energy capable of reducing
carbon emissions in energy-intensive applications.

With more than 2,100 Mobile Pipeline modules deployed around the world, Hexagon
Agility continues to set the standard for safety, reliability, and performance
in the gas distribution industry.

"We remain committed to driving energy transformation," says Mark Babcock,
Senior Director of Sales for Mobile Pipeline, Hexagon Agility. "We launched
TITAN 450 a year and half ago and it has once again set the standard for
maintainability and uptime reliability. We are proud to continue our
relationship with this industry leading customer."

Timing

Deliveries of the TITAN 450 modules will commence in the second quarter of 2025.

For more information:

Berit-Cathrin Høyvik, Senior Director, Communications, Hexagon Composites ASA
Telephone: +47 988 92 161 | berit-cathrin.hoyvik@hexagongroup.com
David Bandele, CFO, Hexagon Composites ASA
Telephone: +47 920 91 483 | david.bandele@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 bulk gas transportation. Its
product offerings include (renewable) natural gas bulk distribution systems of
compressed gases, lightweight Type 4 composite natural gas cylinders, and
(renewable) natural gas fuel systems. These products transport clean gaseous
fuels and enable vehicles to reduce emissions while lowering 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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