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Hexagon Digital Wave enters into exclusive long-term agreement with Certarus to provide requalification services of their gas transportation fleet
20 Jan 2025 07:00 CET
Issuer
Hexagon Composites ASA
20 January 2025: Hexagon Digital Wave, a subsidiary of Hexagon Composites, has
entered into a long-term agreement (LTA) with Certarus, the North American
leader in compressed gas transportation and distribution, to provide exclusive
requalification services to their fleet of gas transportation trailers. The LTA
runs from January 2025 to December 2027.
Hexagon Digital Wave utilizes its Modal Acoustic Emission (MAE) technology to
perform in-situ requalification of Certarus' gas transportation modules. MAE is
the most accurate method for inspection and testing of composite cylinders,
ensuring the highest standards of safety and compliance for gas transportation.
The use of in-situ MAE requalification streamlines Certarus' fleet maintenance
and inspection procedures, ultimately enhancing operational efficiency and
reducing downtime.
"We are pleased with the benefits that come with utilizing Hexagon Digital
Wave's MAE technology for our Mobile Storage Unit cylinder recertification
process," said Natasha Cherednichenko, President at Certarus. "Their expertise
and technology are helping our industry improve safety and compliance, and
reduces downtime associated with other testing processes."
"We are proud to partner with Certarus in their mission to deliver clean energy
safely and reliably", said Dr. Brian Burks, President at Hexagon Digital Wave.
"Hexagon Digital Wave is committed to providing safety to our Customers through
MAE inspections."
About the market
The growing demand for alternative fuels has led to a significant increase in
compressed gas transport which is driving fleet owners to seek a safe and
efficient method for requalification of composite tube trailers which is
required every five years.
MAE is a non-invasive testing technology that reduces trailer downtime for
requalification as compared to the alternative of hydrostatic testing, while
simultaneously providing information about the structural integrity of the
composite laminate that cannot be obtained by hydrostatic testing. Hexagon
Digital Wave has pioneered MAE technology and completed the requalification of
over 750 composite gas distribution trailers across North America.
Contacts:
Berit-Cathrin Høyvik, Senior Director, Communications, Hexagon Composites
Telephone: +47 988 92 161 | berit-cathrin.hoyvik@hexagongroup.com
David Bandele, CFO, Hexagon Composites
Telephone: +47 920 91 483 | david.bandele@hexagongroup.com
About Hexagon Digital Wave
Hexagon Digital Wave, a subsidiary of Hexagon Composites, is the leading digital
solutions provider of non-destructive testing methods, which include Ultrasonic
Examination (UE) and Modal Acoustic Emission (MAE) inspection products and
services. With applications in the industrial gas, fire service equipment,
medical oxygen, automotive, alternative fuels, and aerospace industries, Hexagon
Digital Wave's goal is to enhance safety in the industries it serves, while
simultaneously reducing asset down time.
About Certarus
Certarus is the North American leader in providing on-road low carbon energy
solutions through a fully integrated compressed natural gas (CNG), renewable
natural gas (RNG), and hydrogen platform. Certarus safely delivers clean burning
fuels to energy, utility, agricultural and industrial customers not connected to
a pipeline. By displacing more carbon intensive fuels, Certarus is leading the
energy transition and helping customers lower operating costs and improve
environmental performance. With the largest fleet of mobile storage units in
North America, Certarus is uniquely positioned to meet the growing demand for
low and zero emission energy distribution.
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.
More information:
Access the news on Oslo Bors NewsWeb site
Source
Hexagon Composites ASA
Provider
Oslo Børs Newspoint
Company Name
HEXAGON COMPOSITES
ISIN
NO0003067902
Symbol
HEX
Market
Euronext Oslo Børs