Hexagon Purus has received an order for hydrogen storage systems for KEYOU, a Munich, Germany-based clean mobility company. Hexagon Purus will supply hydrogen storage systems for KEYOU’s H2 combustion engine DEMO Bus with a leading European OEM and its DEMO truck project.
Hexagon Purus has entered a partnership with Velocity Vehicle Group (VVG), a leading group of commercial vehicle dealers in the US, to deliver battery packs and powertrain integration for medium-duty battery electric trucks in California based on Freightliner’s class 6 M2 platform. Velocity Vehicle Group has taken an active leadership role in offering clean vehicles to its customers across its product range and locations, and the partnership with Hexagon Purus is an important part of this transition.
On 20 May, Rick Rashilla, board member of Hexagon Purus ASA (“Hexagon Purus”), purchased 23,510 shares in Hexagon Purus at an average price of NOK 34.81 (USD 4.21) per share. Following the transaction, Mr. Rashilla controls a total of 33,968 shares in Hexagon Purus.
Hexagon Purus has signed a global supply agreement with Air Liquide, a world leader in gases, technologies and services for Industry and Health. The agreement covers the supply of Type 4 hydrogen cylinders to the Group and their affiliates around the world. The cylinders will be used for transport of hydrogen for industry and mobility.
In the first quarter of 2021, Hexagon Purus Group generated NOK 57 (48) million in revenue and recorded operating profit before depreciation (EBITDA) of NOK -62 (-43) million. Revenue growth was driven by increased activity in hydrogen distribution applications as well as aerospace with slightly lower revenue contribution from heavy duty vehicle applications due to the completion of a battery electric (BEV) truck demonstration program in Q1 2020.
Hexagon Purus has signed a contract with Wystrach GmbH, a leading systems provider for high pressure solutions, to supply Type 4, 300 bar pressure vessels at a value of approximately EUR 2.5 million (approximately NOK 25 million). The cylinders are destined for industrial and mobility applications in France and Germany.
Reference is made to the stock exchange announcement by Hexagon Purus (the "Company") on 27 April 2021 regarding the minutes from the annual general meeting held on the same date.
Hexagon Purus has signed a long-term agreement with Nikola Corporation (NASDAQ: NKLA), a global leader in zero-emissions transportation and infrastructure solutions to develop and supply its high-performance type 4 hydrogen cylinders. The scope of the agreement is over a multi-year period with an estimated sales value in excess of EUR 200 million.
The annual general meeting of Hexagon Purus AS was held today, Tuesday 27 April 2021 in Aalesund, Norway.
Hexagon Purus' first quarter 2021 results will be released on 11 May 2021, 07:00 CET. Morten Holum (CEO) and Dilip Warrier (CFO) will present the results at 08:30 CET and the presentation will be broadcasted live. The presentation will be held in English.
The Board of Directors of Hexagon Purus AS approved the company’s Annual Report 2020 on 22 March 2021.
Mitsui & Co., Ltd., headquartered in Tokyo and active world-wide in a wide range of sectors including clean energy & mobility, and Hexagon Composites ASA, a leader in the fast-developing clean fuel solutions category have extended their strategic alliance for an additional five years, effective from March 21, 2021. The agreement has also been expanded to include Hexagon Purus AS, which was recently spun-off and listed on Euronext Growth Oslo.
Hexagon Purus has received multiple orders for several leading European gas distributors for its X-STORE 300 bar cylinder and for its brand-new X-STORE 381 bar version. The X-STORE cylinders are destined for Germany, as well as two new markets for Hexagon Purus, Spain and Switzerland. They will be used for transportation of hydrogen for industry and mobility purposes. The total accumulated value of the orders is estimated at EUR 1.9 million (approx. NOK 19 million).
Hexagon Purus has together with Hexagon Agility signed a multi-year agreement with Certarus Ltd., the North American market leader of clean energy solutions, (reference to Hexagon Composities ASA announcement 16 March). The total value of the agreement is up to USD 85 million (approx. NOK 718 million) for the combined deliveries of Hexagon Purus and Hexagon Agility.
Hexagon Purus AS (Hexagon Purus) today signed two joint venture agreements with CIMC Enric Holdings Limited (hereafter “CIMC Enric”), a leading global supplier of cryogenic and compressed gas storage and transportation solutions and manufacturer of clean energy equipment, headquartered in Shenzhen, People’s Republic of China. CIMC Enric is listed on the Stock Exchange of Hong Kong (stock code: 03899.HK). Hexagon Purus, a global leader of Type 4 (T4) cylinder technology, is a separately listed Hexagon Composites company on the Oslo Stock Exchange (stock ticker: HPUR).
On 18 February 2021, Flakk Gruppen AS purchased 250,000 shares in Hexagon Purus AS (“Hexagon Purus” or “the Company”) at an average price of NOK 53.8497 per share. Flakk Gruppen AS is a company controlled by Knut Flakk, Chairman of the Board of Directors of Hexagon Composites ASA.
In the fourth quarter of 2020, Hexagon Purus’ (“the Company”) e-mobility business generated NOK 33 (73) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK -52 (-38) million. Revenues included deliveries to and/or milestone payments from five heavy-duty OEM/tier 1 customers and two aerospace customers. Approximately NOK 10 million of revenue expected in the fourth quarter of 2020 was pushed into the first quarter of 2021, mainly due to temporary supply chain delays.
Hexagon Purus’ fourth quarter and preliminary annual 2020 results will be released on 16 February 2021, 07:00 CET.
Hexagon Purus has received an order to deliver high pressure cylinders to Talgo, S.A., a leading manufacturer of intercity, standard and high speed passenger trains, for its first hydrogen prototype train.
Hexagon Purus has entered into an agreement with North America’s largest mass mobility solutions provider, New Flyer of America Inc. and New Flyer Canada ULC (collectively “New Flyer”) for the supply of high-pressure hydrogen tanks. These tanks are destined for New Flyer’s groundbreaking zero-emission Xcelsior CHARGE H2™ hydrogen fuel cell electric transit buses in 2021. Total contract value is approximately USD 900,000 (approximately NOK 7.7 million).
On 14 December, Hartmut Fehrenbach, Vice President Hydrogen Distribution, Hexagon Purus purchased 5,000 shares in Hexagon Purus AS at an average price of NOK 37.1 (EUR 3.5) per share. Following the transaction, Mr Fehrenbach controls a total of 7,708 shares in Hexagon Purus AS. This does not include the effect of withholding tax related to the dividend in-kind distribution of Hexagon Purus shares to Hexagon Composites shareholders.
On 14 December, David Bandele, CFO of Hexagon Composites, purchased 2,500 shares in Hexagon Purus AS at an average price of NOK 36.97. Following the transaction, Mr Bandele controls a total of 15,870 shares in Hexagon Purus AS.
Jon Erik Engeset, Chairman of the board of directors, has on 14 December 2020 purchased 27,600 shares in Hexagon Purus AS at an average price of NOK 36.058 per share through his wholly-owned investment company Dionysos AS. Mr Engeset has subsequently transferred the same number of shares to his sons Håkon Engeset and Halvdan Engeset at the same price. Following the transactions, Mr Engeset controls a total of 39,899 shares in Hexagon Purus AS.
Reference is made to section 6.8 “Shareholdings and stock options” of the Information Document for Hexagon Purus AS (“the Company” or “Hexagon Purus”), published on Friday 11 December, and prepared in relation to the listing of Hexagon Purus on Euronext Growth Oslo.
The attached information document has been prepared by Hexagon Purus AS (the “Company”) solely for use in connection with the admission to trading of the Company’s shares on Euronext Growth Oslo. The first day of trading in the Company’s shares on Euronext Growth Oslo will be 14 December 2020.