HEXAGON PURUS ASA The demand for zero-emission mobility & infrastructure is rising as the world is becoming ever more committed to combatting climate change.Hexagon Purus , with its purpose to help drive energy transformation through zero emission energy storage solutions, announces the opening of its new manufacturing facility for hydrogen Type 4 composite cylinders inWestminster, MD . The 60,000 square foot state-of-the-art facility will support the annual production of up to 10,000 cylinders for heavy duty vehicle applications and will employ up to 150 skilled workers. The new facility expands cylinder production capabilities and capacity and allows for further expansion by adding additional production equipment as demand for hydrogen storage cylinders continues to grow. "We are currently providing hydrogen storage solutions for several heavy-duty trucking and transit bus OEMs such asNikola , Hino and New Flyer, that demand the highest standards. This site will serve a dual role, not only as a top-of- the-line production site but also a technical center of excellence, providing engineering, research, and development forHexagon Purus Group ," says Dr. Michael Kleschinski, EVP atHexagon Purus . As part of the Group's overall capacity expansion program,Hexagon Purus is relocating its current operation inTaneytown, MD where it has been based since 2003. TheTaneytown facility produces 1,200 cylinders annually and employs 50 people. "Deciding on the site for this world class facility was an easy choice.Maryland continues to evolve and grow, allowing us to attract top talent in all areas of our organization", saysJim Harris , Managing Director atHexagon Purus inWestminster . "As the nation looks to continue their growth in alternative energy, I am thrilled to haveHexagon Purus , a company focused on clean energy solutions through hydrogen and battery systems located inWestminster, MD . Not only will we benefit from their innovation, we will also benefit from their economic development and jobs which they will bring to the city," says The Mayor of theCity of Westminster , Dr.Mona Becker . About the market The transportation sector is accountable for about 20% of annual carbon emissions globally, and hydrogen has a significant role to play in reducing emissions from this sector and other "hard to abate" sectors. Making green hydrogen available for use in the transportation 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, overUSD 70 billion in government funding is committed to hydrogen investments, 500 large-scale hydrogen projects have been announced by the industry to date and green hydrogen is projected to supply up to 25% of the world's energy needs by 2050. For more information: For more information, please contact:Mathias Meidell , Investor Relations Director,Hexagon Purus Telephone: +47 909 82 242 | mathias.meidell@hexagonpurus.com (mailto:mathias.meidell@hexagonpurus.com) Ina Jünemann, Senior Global Marketing Manager,Hexagon Purus Telephone: +49 151 5804 4647 | ina.juenemann@hexagonpurus.com AboutHexagon Purus Hexagon Purus , aHexagon Composites company, 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 and follow @HexagonPurus on Twitter and LinkedIn.
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