Hexagon in brief

Making sustainability our business opportunity

Hexagon delivers safe and innovative solutions for a cleaner energy future. Hexagon aims to deliver value through sustainable growth and healthy profitability by pursuing opportunities through the global energy transition.

3,416

Operating income MNOK

108

NET PROFIT MNOK

45

Equity ratio %

ANNUAL GENERAL MEETING

Hexagon Composites ASA has well established procedures for publicly announcing and issuing information about general meetings. It is the desire of the Board to allow as many shareholders as possible to be able to exercise their rights by attending the General Meeting and that the General Meeting is an effective meeting place for shareholders and the board.

Stock exchange releases

2021 February 22, 2021

Hexagon Purus selected for hydrogen fuel cell project for construction equipment

Press release, 22 February 2021

Hexagon Purus will, for the first time, contribute to the development of zero-emissions equipment in the construction industry. Hexagon will deliver a 700 bar turn-key renewable hydrogen storage system for a demonstration project with a heavy equipment manufacturer to develop a fuel cell powered construction machine. The project will advance the understanding of the viability of hydrogen fuel cell power as a replacement for a traditional internal combustion engine to help reduce greenhouse gas emissions.     

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Press release
2021 February 19, 2021

Mandatory Notification of Trade by Primary Insider

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.

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Stock Exchange Release
2021 February 19, 2021

Mandatory notification of trade

On 18 February 2021, Flakk Gruppen AS purchased 100,000 shares in Hexagon Composites ASA at a price of NOK 58.9124 per share. Flakk Gruppen AS is a company controlled by Knut Flakk, Chairman of Hexagon Composites ASA.

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Stock Exchange Release
2021 February 18, 2021

Mandatory Notification of Trade - Options

Reference is made to the announcement on 22 May 2018, in which Hexagon Composites ASA (the "Company") announced the grant of 1,200,000 share options to employees under its employee share option program, each at a strike price of NOK 20.85 per share. Following the distribution of 15% of the shares in Hexagon Purus AS as dividend in kind on 14 December 2020, the strike price has been adjusted by NOK 4.095 to “make whole” the 2018 options holders. The adjusted strike price is NOK 16.80 per share.

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Stock Exchange Release
2021 February 17, 2021

Hexagon Composites ASA: Results for the fourth quarter 2020

In the fourth quarter of 2020, Hexagon Group generated NOK 803 (942) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK 69 (98) million. Agility Fuel Solutions experienced another record quarter for profitability as it recovers strongly from the global pandemic that sharply impacted the second quarter. Hexagon Ragasco results remained seasonally robust while Hexagon Mobile Pipeline continued to suffer the pandemic’s knock-on impacts to the macro climate, particularly in the US and parts of Europe. Hexagon Purus continued to build up its competitiveness ahead of sales growth in the e-mobility business while CNG Light-Duty had a profitable quarter with a gradual build up in sales to Volkswagen (VW), following their relocation of assembly facilities.

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Stock Exchange Release
2021 February 16, 2021

Hexagon Purus AS: Results for the fourth quarter 2020

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.

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Stock Exchange Release
2021 February 15, 2021

Hexagon Group launches new logo and profile

February 15, 2021, Aalesund, Norway - Hexagon Composites (HEX.OL) has today launched its new corporate identity for the Hexagon Group. The transformation of Hexagon’s identity follows a year when sustainability has risen to the top of the global agenda and companies around the world are focused on decarbonizing their operations.

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Press release
2021 February 3, 2021

Hexagon Composites ASA: Invitation to presentation of fourth quarter 2020 results

Hexagon Composites ASA’s fourth quarter and preliminary annual 2020 results will be released on 17 February 2021, 07:00 CET.

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Stock Exchange Release
2021 February 2, 2021

Hexagon Purus (HPUR): Invitation to presentation of fourth quarter 2020 results

Hexagon Purus’ fourth quarter and preliminary annual 2020 results will be released on 16 February 2021, 07:00 CET.

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Stock Exchange Release
2021 January 22, 2021

Hexagon Agility awarded contract for Mobile Pipeline® transport modules

Hexagon Agility has received an order for TITAN® 53 transport modules with a total estimated value of USD $5.7 million (approx. NOK 48.5 million).

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Stock Exchange Release
2021 January 11, 2021

Driving energy transformation: Hexagon Ragasco introduces smart composite cylinders

Press release, 11 January 2021

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Press release
2021 January 6, 2021

Hexagon Composites ASA: Invitation to Capital Markets Day 2021

Hexagon Composites invites shareholders, analysts, media and other stakeholders to our Virtual Capital Markets Day on Monday 11 January 2021, from 13:00 – 16:00 CET.

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Stock Exchange Release
2020 December 21, 2020

Hexagon Purus has delivered cylinders to the world’s first hydrogen-powered snow groomer

Hexagon Purus contributes to zero-emissions in the slopes by delivering cylinders to the world’s first hydrogen-powered snow groomer.

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Press release
2020 December 11, 2020

Invitation: Hexagon Purus to be listed on Euronext Growth – follow the live event

On Monday 14th December 2020, Hexagon Purus will be admitted to trading on Euronext Growth.

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Press release
2020 December 10, 2020

Hexagon Composites ASA: Save the date - Virtual Capital Markets Day 2021

Hexagon Composites will host a virtual Capital Markets Day on Monday 11 January 2021, from 13:00 – 16:00 CET.

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Stock Exchange Release
2020 December 7, 2020

Hexagon Composites ASA: Ex Dividend-in-Kind today

Issuer: Hexagon Composites ASA

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Stock Exchange Release
2020 December 3, 2020

Hexagon Purus AS: Private placement successfully completed

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

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Stock Exchange Release
2020 December 2, 2020

Key Information Relating to the Dividend-in-Kind to Be Paid by Hexagon Composites ASA –AMENDED EX-DATE

Reference is made to previous announcements regarding Hexagon Composites ASA (the “Company” or “Hexagon Composites”) intention to spin off Hexagon Purus and apply for Hexagon Purus’ shares to be admitted to trading on Euronext Growth Oslo. As part of the spin off and listing process, the Company on 29 November 2020 announced key dates for a distribution of dividends in the form of shares in Hexagon Purus to the Company's shareholders. The initial key dates for the dividend announced therein have been postponed by one trading day. Revised key dates are:

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Stock Exchange Release
2020 December 2, 2020

Hexagon Purus AS: Contemplated private placement and admission to trading on Euronext Growth Oslo

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

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Stock Exchange Release
2020 November 29, 2020

Key Information Relating to the Dividend-in-Kind to Be Paid by Hexagon Composites ASA

Hexagon Composites ASA (the “Company” or “Hexagon Composites”) announced its intention on August 24, 2020, to spin off Hexagon Purus and apply for Hexagon Purus’ shares to be admitted to trading on Euronext Growth Oslo/Merkur Market, a multilateral trading facility operated by the Oslo Stock Exchange.

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Stock Exchange Release
2020 November 27, 2020

Invitasjon til åpent nettmøte om fremtidens hydrogeninfrastruktur i Norge onsdag 2. desember klokken 13:00

Statsminister Erna Solberg og olje- og energiminister Tina Bru avholdt nylig sitt toppmøte for hydrogen, hvor næringslivet ble invitert til å gi innspill til det kommende veikartet for hydrogen i Norge.

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Press release
2020 November 20, 2020

Hexagon Composites ASA: Amendment of Payment Date for amendment fee

Please see attached document.

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Stock Exchange Release
2020 November 19, 2020

Hexagon Composites ASA: Company presentation related to Hexagon Purus spin-off

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG OR JAPAN OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

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Stock Exchange Release
2020 November 18, 2020

Hexagon Composites ASA: Approval of Written Resolution

Reference is made to the stock exchange notice in relation to the Written Resolution dated November 17 2020, proposing, amongst other items, a waiver from the dividend restriction to enable the transfer of up to 15% of the Company’s shares in Hexagon Purus to the shareholders of the Company, in conjunction with the intended Spin Off of Hexagon Purus.

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Stock Exchange Release
2020 November 17, 2020

Hexagon Composites ASA: Notice of Written Resolution

Hexagon Composites ASA (“Hexagon”) has requested Nordic Trustee AS as Bond Trustee to issue a notice of written resolution in respect of its NOK 1,100,000,000 senior unsecured bond issue, HEX03 - ISIN NO0010846280 (the "Bond"), in the context of proposing certain amendments to the terms of the Bond as set out in the attached notice of the written resolution.

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Stock Exchange Release
2020 November 13, 2020

Hexagon Composites ASA: Minutes from Extraordinary General Meeting

The extraordinary general meeting of Hexagon Composites ASA was held today, Friday 13 November 2020 in Aalesund, Norway.

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Stock Exchange Release
2020 November 12, 2020

Hexagon Purus enters frame agreement with Everfuel, supporting commercialization of zero-emission hydrogen transport in Europe

Hexagon Purus has signed a multi-year master frame agreement with Everfuel to deliver multiple units of newly designed 45-foot, hydrogen distribution systems. The systems will be used to transport hydrogen to refueling stations serving hydrogen fuel cell electric passenger car fleets (e.g. taxis), trucks and buses, driving the transition to green hydrogen in several European cities. At signing, Everfuel ordered its first six distribution units under the new frame agreement.

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Stock Exchange Release
2020 November 11, 2020

Hexagon Composites ASA postpones Virtual Capital Markets Day 2020

Reference is made to the stock exchange announcement issued by Hexagon Composites on 22 September 2020, regarding our Virtual Capital Markets Day on 17 November 2020.

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Stock Exchange Release
2020 November 6, 2020

Hexagon Composites ASA: Results for the third quarter 2020

In the third quarter of 2020, Hexagon Group generated NOK 770 (770) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK 65 (49) million. Hexagon Ragasco results remained robust and Agility experienced a record strong quarter as it recovered from the sharp impacts of the global pandemic in the previous quarter. Hexagon Mobile Pipeline, however, remained impacted by the pandemic and resulting macro factors, as well as lower North American onshore oil and gas activity.

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Stock Exchange Release
2020 November 6, 2020

Hexagon Purus awarded purchase order by Hino Trucks – supporting Project Z – the company’s development path to zero emissions vehicles (ZEV)

Hexagon Purus, a subsidiary of Hexagon Composites, has been awarded a purchase order by Hino Trucks, a Toyota Group company, for three trucks as part of their development plan for Project Z. 

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Stock Exchange Release
2020 November 6, 2020

Hexagon Purus to supply composite high-pressure cylinders for the development of the first hydrogen powered commuter train in the U.S.

Hexagon Purus has signed a contract with Stadler Rail to develop cylinder storage system for the first hydrogen commuter train in the U.S.

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Stock Exchange Release
2020 October 23, 2020

Hexagon Composites ASA: Update on Hexagon Purus spin off

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

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Stock Exchange Release
2020 October 23, 2020

Hexagon Composites ASA: Notice of Extraordinary General Meeting

An Extraordinary General Meeting of Hexagon Composites ASA will be held on 13 November 2020 at 13:00 CET at the company’s offices in Korsegata 4B, Aalesund, Norway.

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Stock Exchange Release
2020 October 21, 2020

Hexagon Composites ASA: Update to proposed bond agreement amendments

Hexagon Composites (“The Company”), as reported in its Stock Exchange Release of 8 October 2020, approached Bondholders in regards to its senior unsecured bond issue (HEX03 - ISIN NO NO0010846280), detailing a proposal to amend the terms of the Bond to ring-fence Hexagon Purus from the definition of the Hexagon Group and permit a one-time non-cash distribution of up to 25% of the shares of Hexagon Purus to existing Hexagon Composites ASA shareholders.

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Stock Exchange Release
2020 October 20, 2020

Hexagon Composites ASA: Invitation to presentation of third quarter results 2020

Hexagon Composites ASA’s third quarter 2020 results will be released on 6 November 2020, 07:00 CET. 

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Stock Exchange Release
2020 October 15, 2020

Hexagon Composites ASA: Withdrawal of Written Resolution

Reference is made to the stock exchange release made on 8 October 2020 by Hexagon Composites ASA (“Hexagon” or the “Company”) regarding a notice of written resolution in respect of its senior unsecured bond issue, HEX03 - ISIN NO NO0010846280. Hexagon has been notified by Nordic Trustee AS as Bond Trustee that the proposal has received a sufficient number of negative votes for the proposal to be rejected prior to the expiry of the voting period. The proposed amendments to the terms of the bond are thus withdrawn.

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Stock Exchange Release
2020 October 8, 2020

Hexagon Composites ASA: Notice of Written Resolution

Hexagon Composites ASA (“Hexagon” or the “Company”) has requested Nordic Trustee AS as Bond Trustee to issue a notice of written resolution in respect of its NOK 1,100,000,000 senior unsecured bond issue, HEX03 - ISIN NO NO0010846280 (the "Bond"), in the context of proposing certain amendments to the terms of the Bond, as set out in the attached copy of the notice and presentation prepared in connection with the written resolution.

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Stock Exchange Release
2020 October 1, 2020

Hexagon Composites ASA: Mandatory notification of share transfer by primary insider

Sindre Rotevatn, Senior Finance Manager and primary insider in Hexagon Composites, has today transferred the ownership of 7,000 shares in Hexagon Composites from his company Bonsens AS to him personally. The company is 100% controlled by Sindre Rotevatn.

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Stock Exchange Release
2020 September 22, 2020

Hexagon Composites ASA: Save the date – Virtual Capital Markets Day 2020

Hexagon Composites will host a virtual Capital Markets Day on Tuesday 17 November 2020, from 09:00-12:00 CET.

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Stock Exchange Release
2020 September 15, 2020

H2Bus Consortium and Wrightbus Join Forces to Transform Public Transit with First Truly Zero Emission Fuel Cell Electric Buses

The H2Bus Consortium announces an agreement with Wrightbus for the supply of hydrogen fuel cell electric buses in Europe. The H2Bus Consortium is now on track to deploy 1,000 hydrogen fuel cell electric buses, along with supporting infrastructure, in European cities at commercially competitive rates.

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Press release
2020 August 31, 2020

Hexagon Composites ASA: Mandatory Notification of Trade by Primary Insider

Karen Romer, SVP Communications in Hexagon Composites ASA, has on 31 August 2020, purchased 1,800 shares in Hexagon Composites ASA at an average price of NOK 52.75. Following this transaction, Ms. Romer holds a total of 1,800 shares in Hexagon Composites ASA.

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Stock Exchange Release
2020 August 31, 2020

Hexagon Composites ASA: Registration of share capital increase

Reference is made to the stock exchange notice published by Hexagon Composites ASA (the “Company”) on 24 August 2020 regarding the private placement of 18,329,064 new shares in a private placement (the "Private Placement"). The share capital increase pertaining to the new shares issued in the Private Placement has now been registered with the Norwegian Register of Business Enterprises. The Company's new registered share capital is NOK 20,161,971.20 divided into 201,619,712 shares each with a par value of NOK 0.10.

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Stock Exchange Release
2020 August 27, 2020

Mandatory Notification of Trade – Options

Reference is made to the announcement on 5 April, 2017, in which Hexagon Composites ASA (the "Company") announced the grant of 1,640,000 share options to employees under its employee share option program, each at a strike price of NOK 27 per share. Of the 1,640,000 options, 1,175,000 options were granted to senior executives and managers listed as primary insiders.

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Stock Exchange Release
2020 August 26, 2020

Hexagon Composites ASA: Mandatory Notification of Trade by Primary Insider

Hans Peter Havdal, board member in Hexagon Composites ASA, has on 25 August 2020, purchased 3,900 shares in Hexagon Composites ASA at an average price of NOK 51. Following this transaction, Mr. Havdal holds a total of 3,900 shares in Hexagon Composites ASA.

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Stock Exchange Release
2020 August 25, 2020

Hexagon Composites ASA: Invitation to presentation of Hexagon and its Spin Off plans for Hexagon Purus

Reference is made to the stock exchange announcement on 24 August 2020, regarding the intended Spin Off and listing of Hexagon Purus.
Jon Erik Engeset, CEO and Morten Holum, President Hexagon Purus will present Hexagon and the intended Spin Off today, 25 August 2020 in a webcast at 10:00 CEST.

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Stock Exchange Release
2020 August 24, 2020

Hexagon Composites ASA: Private placement successfully completed

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

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Stock Exchange Release
2020 August 24, 2020

Hexagon Composites ASA: Contemplated private placement and intention to spin off and list Hexagon Purus

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANYOTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

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Stock Exchange Release
2020 August 21, 2020

Mandatory Notification of Trade - Options

Reference is made to the announcement on 5 April, 2017, in which Hexagon Composites ASA (the "Company") announced the grant of 1,640,000 share options to employees under its employee share option program, each at a strike price of NOK 27 per share. Of the 1,640,000 options, 1,175,000 options were granted to senior executives and managers listed as primary insiders.

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Stock Exchange Release
2020 August 20, 2020

Hexagon Purus enters Northeast Asian market for hydrogen-powered passenger cars – joining the drive toward zero-emission transportation in the region

A key automotive leader for Fuel Cell Vehicles (FCEVs) in Northeast Asia has nominated Hexagon Purus, a subsidiary of Hexagon Composites, for the serial supply of composite cylinders for their current zero-emission Fuel Cell Electric SUV. Hexagon Purus‘ cylinders will be installed in the vehicle model starting by 2022.

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Stock Exchange Release
2020 August 19, 2020

Hexagon to transfer CNG LDV to its g-mobility business – establishing Hexagon Purus as a pure e-mobility business

Hexagon Composites announces today the transfer of its Compressed Natural Gas Light Duty Vehicle (CNG LDV) activities from Hexagon Purus, to Hexagon’s gas-mobility (g-mobility) business. This transfer will establish Hexagon Purus as a pure e-mobility business.

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Stock Exchange Release
2020 August 12, 2020

Agility Secures Over $8M USD to Expand Anheuser-Busch CNG Fleet

Agility® Fuel Solutions (Agility), a business of Hexagon Composites and a leading global provider of clean fuel solutions for medium- and heavy-duty commercial vehicles, received a substantial order from longtime customer Anheuser-Busch. Over 180 new trucks equipped with Agility’s ProCab® 175 CNG Fuel Systems will be joining the fleet. The estimated total value of the order is over USD 8.0 million (approx. NOK 72 million).

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Stock Exchange Release
2020 August 12, 2020

Hexagon Composites ASA: Results for the second quarter and first half year 2020

In the second quarter of 2020, Hexagon Group generated NOK 683 (882) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK 19 (62) million. Profitability was reduced by the impacts of the global pandemic and resulting macro factors, particularly in Agility Fuel Solutions and Hexagon Mobile Pipeline businesses. Hexagon Ragasco experienced a strong quarter.

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Stock Exchange Release
2020 July 29, 2020

Hexagon Purus to produce high-performance cylinders for a major new aerospace customer – continuing the drive to modernize spaceflight

Hexagon Purus, a subsidiary of Hexagon Composites, has been awarded a contract for the design, development, qualification and production of high-performance Type 4 composite pressure vessels to a new major aerospace customer for its launch vehicle. The total sales value of the current order is approximately USD 5.2 million (approx. NOK 48 million). Future orders are expected to follow the successful delivery of the first shipment.

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Stock Exchange Release
2020 July 29, 2020

Hexagon Composites ASA: Mandatory notification of trade – Restricted Stock Unit Program new awards

The Board of Directors of Hexagon Composites ASA ("Hexagon Composites" or the "Company") has decided to provisionally award up to 70 000 Restricted Share Units ("RSUs") under a Long-Term Incentive Program (LTIP) to align the interests of the participating employees with those of the Company's shareholders.

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Stock Exchange Release
2020 July 22, 2020

Hexagon Composites ASA: Invitation to presentation of second quarter and half-year results 2020

Hexagon Composites ASA’s second quarter and half-year results 2020 will be released on 12 August 2020 at 07:00 CEST.

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Stock Exchange Release
2020 July 21, 2020

Hexagon granted funding by the U.S Department of Energy

Hexagon has been granted USD 2.6 million (approx. NOK 24 million) in initial funding by the U.S Department of Energy (DOE) to research how carbon fiber and composite structure can be optimized to reduce hydrogen and natural gas storage tank costs.  

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Stock Exchange Release
2020 July 18, 2020

Hexagon Purus receives first contract to provide hydrogen transport modules in the US

Hexagon Purus has signed a contract with a major US hydrogen fuel supplier and hydrogen refueling station operator to provide multiple X-STORE transport modules for the distribution of high-pressure hydrogen gas. The contract has an estimated value of USD 4.8 million (approx. NOK 45 million) and includes additional purchase options that, if exercised, will bring the total value of the contract to approximately USD 7 million (approx. NOK 65 million). 

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Stock Exchange Release
2020 June 11, 2020

Mandatory Notification of Trade - Options

Reference is made to the announcement on 5 April, 2017, in which Hexagon Composites ASA (the "Company") announced the grant of 1,640,000 share options to employees under its employee share option program, each at a strike price of NOK 27 per share. Of the 1,640,000 options, 1,175,000 options were granted to senior executives and managers listed as primary insiders.

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Stock Exchange Release
2020 June 10, 2020

Mandatory Notification of Trade - Options

Reference is made to the announcement on 5 April, 2017, in which Hexagon Composites ASA (the "Company") announced the grant of 1,640,000 share options to employees under its employee share option program, each at a strike price of NOK 27 per share. Of the 1,640,000 options, 1,175,000 options were granted to senior executives and managers listed as primary insiders.

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Stock Exchange Release
2020 June 9, 2020

MANDATORY NOTIFICATION OF TRADE - OPTIONS

Reference is made to the announcement on 5 April, 2017, in which Hexagon Composites ASA (the "Company") announced the grant of 1,640,000 share options to employees under its employee share option program, each at a strike price of NOK 27 per share. Of the 1,640,000 options, 1,175,000 options were granted to senior executives and managers listed as primary insiders.

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Stock Exchange Release
2020 June 8, 2020

Mandatory Notification of Trade - Options

Reference is made to the announcement on 5 April, 2017, in which Hexagon Composites ASA (the "Company") announced the grant of 1,640,000 share options to employees under its employee share option program, each at a strike price of NOK 27 per share. Of the 1,640,000 options, 1,175,000 options were granted to senior executives and managers listed as primary insiders.

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Stock Exchange Release
2020 June 6, 2020

Hexagon Mobile Pipeline® to virtually connect communities and industries to pipeline gas in the US

Hexagon Mobile Pipeline®, a Hexagon Composites subsidiary, has received a substantial contract for TITAN® 53 transport modules from Xpress Natural Gas LLC (XNG) a leading full-service provider of compressed natural gas (CNG). The strategic agreement has a total value of USD 7.3 million (approx. NOK 70.2 million) and includes additional purchase and rental options through 2021. The TITAN® 53 large-capacity Mobile Pipeline® modules will serve virtual interconnect projects providing natural gas to communities and industries that do not have access to sufficient pipeline capacity in the US.

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Stock Exchange Release
2020 June 5, 2020

Agility receives order from new major global logistics customer for CNG trucks

Agility Fuel Solutions, a business of Hexagon Composites, has signed a master services agreement with a global logistics customer to deliver compressed natural gas (CNG) fuel systems for medium and heavy-duty trucks. The initial order represents an estimated total value of USD 2.2 million (approx. NOK 20.5 million) with additional orders expected to follow.

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Stock Exchange Release
2020 June 5, 2020

Hexagon Composites ASA: Mandatory Notification of Trade

Dan Krick, SVP Organizational Development has sold 24,896 shares in Hexagon Composites ASA at a price of NOK 36,42 per share.

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Stock Exchange Release
2020 June 3, 2020

Hexagon Purus awarded contract by Toyota for hydrogen powered electric heavy-duty trucks – continuing the drive toward zero-emission commercial transport

Hexagon Purus, a subsidiary of Hexagon Composites, has been awarded a contract to supply hydrogen systems to Toyota Motor North America (TMNA) for its newest prototype hydrogen-powered heavy-duty fuel cell electric truck powertrains. The total sales value of the order is approximately 1 million USD.

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Press release
2020 May 20, 2020

Hexagon Composites ASA: Results for the first quarter of 2020

In the first quarter of 2020, Hexagon Group generated NOK 825 (822) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK 37 (150) million. This was driven by solid performances in Hexagon Ragasco LPG, Agility Fuel Solutions and Hexagon Mobile Pipeline. This performance helped to absorb the impacts of the planned production stop of a major customer of Hexagon Purus’ CNG Light-Duty Vehicles business, as well as initial COVID-19 impacts to the Group.

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Stock Exchange Release
2020 May 12, 2020

Driving energy transformation: Hexagon and CIMC ENRIC forming alliance to accelerate zero-emission hydrogen transportation in China and Southeast Asia

Hexagon Composites ASA today signed a term sheet for a strategic cooperation and joint venture agreement with CIMC ENRIC, a leading Chinese manufacturer of energy equipment (3899.HK), headquartered in Shenzhen, People`s Republic of China and listed on the Hong Kong stock exchange. CIMC ENRIC is a subsidiary of China International Marine Containers (Group) Co., Ltd. (CIMC), a global leading supplier of transportation solutions headquartered in Shenzhen and listed on the Shenzhen and Hong Kong Stock Exchanges (000038 SZ and 2039 HK). The Parties will now proceed towards a final agreement.

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Stock Exchange Release
2020 May 4, 2020

Hexagon Composites ASA (OSE:HEX) will report its 2020 first quarter results on 20 May 2020 via a livestream

Quarterly earnings release:

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Stock Exchange Release
2020 April 22, 2020

Hexagon Composites ASA: Mandatory notification of trade – Long Term Incentive program, new awards

The Board of Directors of Hexagon Composites ASA ("Hexagon Composites" or the "Company") has decided to provisionally award up to 3 711 634 Performance Share Units ("PSUs") under a Long-Term Incentive Program (LTIP).

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Stock Exchange Release
2020 April 22, 2020

Hexagon Composites ASA: Minutes from Annual General Meeting

The annual general meeting of Hexagon Composites ASA was held today, Wednesday 22 April 2020 in Aalesund, Norway.

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Stock Exchange Release
2020 April 14, 2020

Karen Romer appointed SVP Communications in Hexagon

Hexagon Composites ASA has appointed Karen Romer as Senior Vice President Communications. Karen will lead Hexagon’s Communications activities globally and will be the principal contact for the Company’s communication activities.

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Press release
2020 April 3, 2020

Norwegian Hydrogen AS successful capital increase for the Pilot-E project Hellesylt Hydrogen HUB start-up phase 1

Norwegian Hydrogen AS, founded by Flakk Group and lead partner of the Hellesylt Hydrogen Hub consortium has successfully raised NOK 10.3 million in a capital increase.

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Press release
2020 April 3, 2020

Hexagon Purus receives order for hydrogen distribution systems from Everfuel

Hexagon Purus has been awarded an order from Everfuel to deliver two new generation X-STORE high-pressure hydrogen distribution modules.

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Stock Exchange Release
2020 April 1, 2020

Hexagon Composites ASA: Notice of Annual General Meeting

The annual general meeting of Hexagon Composites ASA will be held Wednesday 22 April 2020 at the Company's office in Korsegata 4B, Aalesund, Norway.

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Stock Exchange Release
2020 March 30, 2020

Hexagon Composites ASA: Mandatory notification of trade

Reference is made to the stock exchange release dated 27 March 2020 regarding Hexagon Composites' share buy-back program.

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Stock Exchange Release
2020 March 27, 2020

Hexagon Composites ASA: Mandatory notification of trade

Reference is made to the stock exchange release dated 27 March 2020 regarding Hexagon Composites' share buy-back program.

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Stock Exchange Release
2020 March 27, 2020

Hexagon Composites ASA: Initiates share buy-back program

The Board of Directors of Hexagon Composites ASA has resolved to acquire up to 1,000,000 own shares under the share buy-back program. The share buy-back program will be conducted in accordance with the applicable regulations of the Oslo Stock Exchange and within the mandate stated in the minutes from the Company's Annual General Meeting held on 24 April 2019, available at www.hexagongroup.com

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Stock Exchange Release
2020 March 26, 2020

Lynn Lyon Appointed to Advisory Board with RNG Coalition

The RNG Coalition recently announced new Advisory Boards and appointed Lynn Lyon, Vice President of Strategic Marketing at Hexagon to both their Consumer Access & Outreach and Education & Research Advisory Boards. 

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Press release
2020 March 25, 2020

Hexagon Composites ASA: Annual Report 2019

The Board of Directors of Hexagon Composites ASA (OSE:HEX) has approved the Annual Report for 2019 and the Final Accounts for 2019.

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Stock Exchange Release
2020 March 19, 2020

Agility Fuel Solutions awarded CNG fuel storage systems order

Agility Fuel Solutions, a business of Hexagon Composites, has been awarded an order from an existing U.S. based transit bus customer to deliver compressed natural gas (CNG) fuel storage systems. The order represents an estimated total value of USD 10.0 million (approx. NOK 115 million).

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Stock Exchange Release
2020 February 27, 2020

Mobile Pipeline order for Renewable Natural Gas in the UK

Hexagon Mobile Pipeline, a business of Hexagon Composites, has been awarded an order for two X-STORE® modules in the United Kingdom.

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Stock Exchange Release
2020 February 27, 2020

Mobile Pipeline order for TITAN®XL Modules into Mexico

Hexagon Mobile Pipeline, a business of Hexagon Composites, has been awarded an order for TITAN® XL modules with an estimated value of USD 1.7 million (approx. NOK 16 million) from a leading gas distributor in Mexico.

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Stock Exchange Release
2020 February 21, 2020

Mandatory Notification of Trade - Options

Reference is made to the announcement on 5 April, 2017, in which Hexagon Composites ASA (the "Company") announced the grant of 1,640,000 share options to employees under its employee share option program, each at a strike price of NOK 27 per share. Of the 1,640,000 options, 1,175,000 options were granted to senior executives and managers listed as primary insiders.

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Stock Exchange Release
2020 February 17, 2020

Mandatory Notification of Trade - Options

Reference is made to the announcement on 5 April, 2017, in which Hexagon Composites ASA (the "Company") announced the grant of 1,640,000 share options to employees under its employee share option program, each at a strike price of NOK 27 per share. Of the 1,640,000 options, 1,175,000 options were granted to senior executives and managers listed as primary insiders.

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Stock Exchange Release
2020 February 14, 2020

MANDATORY NOTIFICATION OF TRADE - OPTIONS

Reference is made to the announcement on 5 April, 2017, in which Hexagon Composites ASA (the "Company") announced the grant of 1,640,000 share options to employees under its employee share option program, each at a strike price of NOK 27 per share. Of the 1,640,000 options, 1,175,000 options were granted to senior executives and managers listed as primary insiders.

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Stock Exchange Release
2020 February 13, 2020

MANDATORY NOTIFICATION OF TRADE

David Bandele, CFO has sold 19,368 shares in Hexagon Composites ASA at a price of NOK 36.40 per share.

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Stock Exchange Release
2020 February 13, 2020

Mandatory Notification of Trade - Options

Reference is made to the announcement on 5 April, 2017, in which Hexagon Composites ASA (the "Company") announced the grant of 1,640,000 share options to employees under its employee share option program, each at a strike price of NOK 27 per share. Of the 1,640,000 options, 1,175,000 options were granted to senior executives and managers listed as primary insiders.

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Stock Exchange Release
2020 February 12, 2020

Hexagon Composites ASA: Results for the fourth quarter 2019

In the fourth quarter of 2019 Hexagon Group generated NOK 942.0 (426.8) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK 99.1 (55.2) million. This was driven by strong performances in Agility Fuel Solutions and Hexagon Purus’ CNG Light-Duty Vehicles business as well as Hexagon Ragasco. In the fourth quarter of 2019 depreciation and amortization increased to NOK 62.6 (35.9) million, primarily related to the inclusion of both tangible and intangible amortization from the Agility acquisition.

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Stock Exchange Release
2020 February 6, 2020

Agility announced an exclusive North American distribution agreement with XStream Trucking

Agility Fuel Solutions and XStream Trucking have announced an agreement whereby Agility will be the exclusive distributor of Xstream’s TruckWingsTM aerodynamic systems for compressed natural gas (CNG) trucks in North America. 

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Press release
2020 February 3, 2020

INVITATION TO PRESENTATION OF FOURTH QUARTER 2019 RESULTS

Hexagon Composites ASA (OSE:HEX) will report its fourth quarter and preliminary annual 2019 results on 12 February in Oslo.

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Stock Exchange Release
2020 January 23, 2020

Cancellation of automotive development project and supply arrangement

Reference is made to the stock exchange announcement made on 12 June 2018 regarding the development and serial order for hydrogen tanks from an automotive OEM with an estimated order value of USD 120 to 150 million (approximately NOK 1.0 billion to 1.2 billion) over 7 years.  

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Stock Exchange Release
2020 January 13, 2020

Agility Fuel Solutions makes history in India with long distance CNG buses

Mr. Dharmendra Pradhan, India’s Minister for Petroleum and Natural Gas, launched India’s first long distance compressed natural gas (CNG) bus on December 24, 2019 under a strategic program led by Indraprastha Gas Limited (IGL), the largest CNG distribution company in India. The launch ushers in CNG as the fuel of choice for long distance transportation in India.

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Press release
2019 December 13, 2019

Granted NOK 37.6 million to deliver hydrogen to ferries and cruise ships in the Geirangerfjord

The Hellesylt Hydrogen Hub, a consortium of leading players in the hydrogen field, including Hexagon, has been awarded NOK 37.6 million under the PILOT-E funding scheme for the development of a hydrogen production facility that can deliver hydrogen to ferries and cruise ships in the Geirangerfjord, as well as to other mobility applications. The ambition is to achieve zero-emission operations in the Geirangerfjord, one of two World Heritage Fjords in Norway, by producing green hydrogen locally.

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Stock Exchange Release
2019 December 6, 2019

Viking Cylinders, a Hexagon Ragasco brand joins the Arbor Day Foundation’s Time for Trees™ Initiative

Viking Cylinders, a Hexagon Ragasco brand, today announced it is joining the Arbor Day Foundation for the launch of its Time for Trees initiative, a commitment to plant 100 million trees in forests and communities worldwide by 2022, alongside its partners.

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Press release
2019 November 25, 2019

New Mobile Pipeline® order from NG Advantage

Hexagon Mobile Pipeline, a business of Hexagon Composites, has been awarded an order for TITAN® gas transport modules by NG Advantage, a leading provider of virtual pipeline services in the U.S. The order has a value of USD 4.2 million (approx. NOK 38 million).

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Stock Exchange Release
2019 October 30, 2019

Hexagon Composites ASA: Results for the third quarter of 2019

In the third quarter of 2019 Hexagon Group generated NOK 770.3 (276.7) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK 49.3 (39.2) million. This was driven by continued positive developments in Hexagon Purus’ CNG Light-Duty Vehicles business and Agility Fuel Solutions, which is consolidated entirely after the acquisition on 4 January 2019.

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Stock Exchange Release
2019 October 18, 2019

Hexagon awarded fuel systems order for Caetano Hydrogen Bus

Agility Fuel Solutions, a Hexagon Composites business, has been awarded an order to supply two fuel storage systems for a new hydrogen bus model from CaetanoBus, a leading Portuguese bus manufacturer.

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Press release
2019 October 17, 2019

Hexagon awarded fuel systems order for hydrogen buses in Italy

Agility Fuel Solutions, a Hexagon Composites business, has been awarded an order to supply twelve fuel systems for Solaris’ new hydrogen bus model.

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Stock Exchange Release
2019 October 16, 2019

Hexagon Composites Asa: Invitation to presentation of third quarter 2019 results

Hexagon Composites ASA (OSE:HEX) will report its third quarter 2019 results on 30 October in Oslo.

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Stock Exchange Release
2019 October 14, 2019

New Mobile Pipeline order for renewable natural gas

Hexagon Mobile Pipeline has been awarded an order for TITAN® gas transport modules by U.S. Gain, a leader in development, procurement and distribution of renewable and compressed natural gas in the United States. The order has a value of USD 1.4 million (approx. NOK 13 million).

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Stock Exchange Release

HEXAGON SHARE AT A GLANCE

Financial Calendar

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Shareholder information

Hexagon Composites ASA's objective is to ensure that the shareholders receive a competitive return over time. This return will first and foremost come through increases in the price of the Group's shares and partly through the payment of dividends.

IR CONTACTS

Contact us for more investor relations information. Responsibility for Investor Relations in Hexagon Composites ASA:

HIVA GHIRI

Vice President Investor Relations
On Maternity Leave

+47 958 66 790
ir@hexagongroup.com
hiva.ghiri@hexagongroup.com

Karen Romer

Karen Romer

SVP Communications

+47 950 74 950

karen.romer@hexagongroup.com

Account Controller for Hexagon Composites ASA

DNB Markets

Verdipapir Service

kua@dnb.no
+47 22 94 91 73