Hexagon Purus signs long-term supply agreement with GILLIG to deliver hydrogen fuel storage systems for fuel cell electric buses in the United States

14 Aug 2024 06:20 CEST

Hexagon Purus, a world leading supplier of zero emission mobility solutions, has
entered into a multi-year supply agreement with GILLIG, a leading designer and
manufacturer of heavy-duty transit buses in the United States, for supply of
hydrogen fuel storage systems for their new fuel cell powered transit buses.

The delivery of hydrogen fuel storage systems will be supplied from Hexagon
Purus' facility in Westminster, United States

Driving Energy Transformation

"Introducing a hydrogen-powered Fuel Cell bus into our product lineup signifies
GILLIG's commitment to advancing sustainable public transportation technologies.
It's about offering a solution that's not only flexible enough to fit every
fleet but also matured through our thoughtful approach to product development,
ensuring reliability and readiness for the demands of today's transit
environment", says Ben Grunat, GILLIG's VP of Product Planning and Strategy. "We
are happy to team up with Hexagon Purus as a reliable partner and supplier of
hydrogen fuel storage systems to strengthen our commitment to leading the
industry through innovation and strategic partnerships".

"Entering into a long-term agreement with GILLIG confirms our strong market
position with leading transit bus OEMs in both North America and Europe", says
Michael Kleschinski, Executive Vice President of Hexagon Purus. "There is a
strong commercial momentum in the transit bus segment driven by demand for zero
emission public transport solutions".

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:

Mathias Meidell, Investor Relations Director, Hexagon Purus
Telephone: +47 909 82 242 | mathias.meidell@hexagonpurus.com
(mailto:mathias.meidell@hexagonpurus.com)

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

About GILLIG

GILLIG is a leading manufacturer of heavy-duty transit buses in the United
States and has been family-owned since 1890. In steadfast commitment to their
mission of building buses that connect communities, eliminate congestion, and
contribute to a greener environment, GILLIG offers a diverse range of clean
energy transit solutions, including zero-emission Battery Electric and Hydrogen
Fuel Cell buses, and low-emissions Hybrid-Electric and CNG, as well as Clean
Diesel solutions. Known for safety, reliability, and unparalleled customer
service, GILLIG is committed to providing high-quality transit solutions that
meet the unique needs of communities nationwide.

For more information about GILLIG and its commitment to sustainable transit
solutions and American-built excellence, please visit www.GILLIG.com
(http://www.gillig.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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