Hexagon Group receives significant multi-segment orders from a major refuse fleet in North America

22 Apr 2025 09:05 CEST

22 April, 2025: Hexagon Agility and Hexagon Digital Wave, subsidiaries of
Hexagon Composites, have received orders from a major refuse fleet in North
America. The orders, representing an estimated value of USD 20.6 million
(approx. NOK 213 million), span three major business segments within Hexagon
Group:

1. Fuel Systems from Hexagon Agility: Orders for renewable natural gas (RNG)
fuel systems for the customer's refuse fleet.
2. Mobile Pipeline modules from Hexagon Agility: Orders for Mobile Pipeline
modules, which will facilitate the production and distribution of RNG, to be
used as fuel for their refuse fleet.
3. Cylinder requalification services from Hexagon Digital Wave: Orders to
perform in-situ requalification using Modal Acoustic Emission (MAE) technology,
providing enhanced safety and reduced trailer downtime for their RNG
transportation fleet.

These are the first major orders from a customer covering three of our core
business segments, demonstrating the value of our vertically integrated
alternative fuel solutions.

"This order validates the strength of our strategy-to bring together adjacent
and complementary technologies under the Hexagon umbrella, serving customers
from energy production to application and then aftermarket," said Eric Bippus,
Chief Commercial Officer of Hexagon Composites. "Our customers are leading the
way in deploying RNG at scale, not just because it lowers emissions but because
it makes operational and financial sense. We're proud to provide the integrated
solutions and technologies that make it possible."

Timing

Deliveries of these orders have started and will continue until Q3 2025.

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 Agility

Hexagon Agility, a business of Hexagon Composites, is a leading global provider
of clean fuel solutions for commercial vehicles and gas transportation
solutions. Its product offerings include natural gas storage and delivery
systems, Type 4 composite natural gas cylinders, and natural gas fuel systems.
These products transport clean gaseous fuels and enable vehicles to reduce
emissions while saving operating costs. Learn more at www.hexagonagility.com and
follow @HexagonAgility on LinkedIn.

About Hexagon Digital Wave
Hexagon Digital Wave, a business 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 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
www.hexagongroup.com and follow @HexagonASA on LinkedIn.

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