Hexagon Agility receives order from REV LNG for Mobile Pipeline® TITAN products to meet growing demand for RNG

10 January 2024: Hexagon Agility, a business of Hexagon Composites, has received
a new order for TITAN Mobile Pipeline® modules from REV LNG, a leading
full-service mobile energy supply and project development company. The modules
will be used to transport and deliver renewable natural gas (RNG) to its
customers within the US. 

This order represents an estimated value of USD 19 million (approx. NOK 197
million).

"Our customers are continuing to diversify their energy portfolios and are
embracing RNG as the key solution to reduce greenhouse gas emissions," says
David Kailbourne, President and CEO of REV LNG. "The reliability of Hexagon
Agility's Mobile Pipeline products is excellent and allows us to meet our
customers' demand."

Driving energy transformation

In every industry, whether it is compressed natural gas (CNG) or RNG, there is a
strong desire among customers to transport larger quantities of gas with
efficiency and safety in mind. For more than ten years, Hexagon Agility's TITAN
modules have provided customers with simple, safe and reliable equipment to
transport large volumes of CNG, environmentally friendly RNG, and other
compressed gases.

"Hexagon decided more that fifteen years ago to pursue game changing composite
cylinder technology and modules to dramatically increase the volume of
compressed gases that could be transported," says Mark Babcock, Sr. Director of
Business Development, Mobile Pipeline at Hexagon Agility. "Our TITAN product
enables customers like REV LNG to efficiently transport and deliver large
volumes of RNG. We look forward to continuing our ongoing partnership with REV
LNG to achieve our vision of 'clean air everywhere'."

Timing

Deliveries of the Titan®53 modules are scheduled to start in the third quarter
of 2024.

For more information: 

Karen Romer, SVP Communications, Hexagon Composites
Telephone: [phone] | [e-mail]

Ingrid Aarsnes, VP Investor Relations and ESG, Hexagon Composites ASA
Telephone: [phone] | [e-mail] 


About REV LNG

REV LNG is a full-service supplier of liquid natural gas (LNG), compressed
natural gas (CNG) and renewable natural gas (RNG) specializing in development,
production, supply, transportation, and distribution solutions. As an integrated
solutions provider, REV has partnered with industry leading companies and led
the development of award-winning projects. Learn more at www.revlng.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. Its
product offerings include (renewable) natural gas storage and distribution
systems, 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 saving operating costs. Learn more at
hexagonagility.com and follow @HexagonAgility on Twitter 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, industrial and consumer applications. Learn more at
www.hexagongroup.com and follow @HexagonASA on Twitter and LinkedIn.

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