All News

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
2019 October 9, 2019

Agility Fuel Solutions extends long-term agreement with UPS

Agility Fuel Solutions, a business of Hexagon Composites, has signed an exclusive three-year agreement with the global leader in logistics, UPS to supply compressed natural gas (CNG) fuel systems for medium and heavy-duty trucks as well as terminal tractors. The agreement represents a total value of USD 65 million to USD 95 million (approx. NOK 595 to 870 million) over the three-year period.

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Stock Exchange Release
2019 September 26, 2019

Stock based incentive program

Hexagon Composites ASA has as part of its incentive program, granted 49,994 Restricted Stock Units ("RSUs") to certain employees of the company. Subject to continued employment for three years after date of grant (“Third Anniversary Date”), each employee will, on such Third Anniversary Date, receive such number of Hexagon shares that corresponds to the number of RSUs granted to such employee. As of the date of the grant, these employees are not part of any other long-term equity incentive program.

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Stock Exchange Release
2019 September 24, 2019

California allows Hexagon’s ultra-high-pressure composite vessels for hydrogen ground storage installations

Hexagon has been granted approval for its ultra-high-pressure hydrogen ground storage tanks by the California Occupational Safety and Health Standards Board (CalOSHA).

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Press release
2019 September 10, 2019

Merger Flakk Gruppen AS

On 10 September 2019, Flakk Gruppen AS (reg no 813 905 892), a company controlled by Mr. Knut Flakk, Chairman of the Board of Hexagon Composites ASA, which controls 28,753,721 shares in Hexagon Composites ASA, resolved to merge with Flakk Gruppen AS (reg no 923 214 704), a company also controlled by Mr. Knut Flakk, with the latter as the surviving entity. The total holding of Mr. Knut Flakk and his close associates in Hexagon Composites ASA is unaffected by the merger and remains at 29,384,969 shares. The merger is expected to be completed medio November 2019.

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Stock Exchange Release
2019 September 6, 2019

Mandatory notification of trade

On 6 September 2019, Flakk Invest AS purchased 100,000 shares of Hexagon Composites ASA at a price of NOK 26.38 per share. Flakk Invest AS is a company controlled by Mr. Knut Flakk, Chairman of Hexagon Composites ASA. The holding of Flakk Invest AS after the transaction is 1,300,000 shares, and the total holding of Mr. Knut Flakk and his close associates after the transaction is 29,384,969 shares.

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Stock Exchange Release
2019 September 4, 2019

Morten Holum appointed Chief Operating Officer

Morten Holum has been appointed Executive Vice President and Chief Operating Officer (COO) in Hexagon. 

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Press release
2019 August 15, 2019

HEXAGON COMPOSITES ASA: Mandatory notification of trade

On 15 August 2019, Svela Capital AS purchased 1,100 shares in Hexagon Composites ASA at an average price of NOK 25,85 per share. Svela Capital AS is a company controlled by Morten Svela Sand, Director of Finance and Corporate Initiatives of Hexagon Composites ASA.

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Stock Exchange Release
2019 August 14, 2019

Hexagon Composites ASA: Results for the second quarter and first half year 2019

In the second quarter of 2019 Hexagon Group generated NOK 882.1 (366.8) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK 62.0 (73.6) million. This was driven by continued positive developments in Hexagon Purus’ CNG Light-Duty Vehicles and Agility Fuel Solutions, which is consolidated entirely after the acquisition on 4 January.

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Stock Exchange Release
2019 July 30, 2019

Mandatory notification of trade

On 30 July 2019, Flakk Composites AS sold 2,000,000 shares of Hexagon Composites ASA to companies wholly owned by Ms. Maria Lilly Flakk, daughter of Mr. Knut Flakk who is Chairman of the Board in Hexagon Composites ASA. Flakk Composites AS is wholly owned by Flakk Gruppen AS, a company owned 98.7% by Mr. Knut Flakk. The price per share in the transaction is NOK 36.00.

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Stock Exchange Release
2019 July 30, 2019

Hexagon Composites ASA: Invitation to presentation of second quarter and half year 2019 results

Hexagon Composites ASA (OSE:HEX) will report its second quarter and half year 2019 results on 14 August in Oslo.

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Stock Exchange Release
2019 July 30, 2019

Hexagon Mobile Pipeline introduces new product and continues leading partnership

Hexagon Mobile Pipeline, a business of Hexagon Composites, has been awarded an order for TITAN® gas transport modules from Certarus Ltd., the North American market leading provider of fully integrated compressed natural gas (CNG) delivery solutions, with a total value of USD 7.3 million (approx. NOK 63 million).

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Stock Exchange Release
2019 July 29, 2019

Hexagon Mobile Pipeline enabling efficient delivery of Renewable Natural Gas (RNG)

Hexagon Mobile Pipeline, a Hexagon Composites business, has been awarded an order for TITAN® 53 transport modules, by an affiliate of a leading gas distribution utility in the United States. The order has a value of USD 4 million (approx. NOK 34 million).

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Stock Exchange Release
2019 July 25, 2019

Delay related to fuel cell vehicle program

Reference is made to the stock exchange announcement made on 10 October 2018 regarding the development and serial order for hydrogen tanks from a third OEM. The anticipated start of production was in the 2020 timeframe, with an estimated order value of NOK 400 to 600 million.  

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Stock Exchange Release
2019 June 3, 2019

Hexagon joins H2Bus Consortium to drive zero-emission public transportation

Hexagon Composites, together with other leading hydrogen players, announced today the establishment of the H2Bus Consortium. The members of the consortium are committed to deploying 1,000 hydrogen fuel cell electric buses along with supporting infrastructure in European cities at commercially competitive rates. The full realization of this project is expected to culminate in the largest hydrogen bus order till date for the Company.

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Stock Exchange Release
2019 May 31, 2019

Agility rolls out clean vehicles for its internal transportation needs

In support of Agility Fuel Solutions’ vision of clean air everywhere through sustainable transportation solutions, Agility is taking steps to adopt sustainable solutions for its own internal transportation needs.

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Press release
2019 May 15, 2019

Demerger Flakk Composites AS

On 15.05.2019, the board of directors of Flakk Composites AS resolved to propose to its shareholders meeting that Flakk Composites AS shall demerger certain assets to two entities to be incorporated as part of the demerger, included in which are 25 000 000 shares in Hexagon Composites ASA. Flakk Composites AS is wholly owned by Flakk Gruppen AS, a company owned 98.7% by Knut Flakk, chairman of the board of Hexagon Composites ASA. Flakk Composites AS will change its name to Flakk Rollon AS as part of the demerger.

After, and subject to, completion of the demerger Flakk Rollon AS will hold 4 340 504 shares (2,37%) of the total number of shares in Hexagon Composites ASA, whilst Flakk Composites AS (acquiring entity 1, to be established) and KF Finans AS (acquiring entity 2, to be established), which will be incorporated as wholly owned subsidiaries of Flakk Gruppen AS, will hold 20 000 000 shares (10,91%) and 5 000 000 shares (2,73%), respectively, of the total number of shares in Hexagon Composites ASA.

The total holding of Knut Flakk and his close associates, including Flakk Rollon AS, Flakk Composites AS and KF Finans AS, remains unchanged in Hexagon Composites ASA. The demerger is expected to take place at the start of Q3 2019.

For more information: Flakk Gruppen AS, by Knut Flakk Telephone: +4799746000 | knut.flakk@flakk.no

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Stock Exchange Release
2019 May 9, 2019

Hexagon expanding its capacity in Germany

PRESS RELEASE
Hexagon Composites’ business area Hexagon Purus is substantially increasing its production capacity of high-pressure fuel tanks for CNG-powered passenger cars to meet the growing demand in Europe. Hexagon Purus recently entered into an agreement with its largest customer, Volkswagen AG, to triple the annual production volume. 

In 2017, Volkswagen together with German operators of CNG (Compressed Natural Gas) filling stations and gas networks committed to driving the expansion of CNG mobility in Germany. Since the start of the campaign, the increasing registration figures confirm that CNG engines are currently the type of power unit experiencing the most robust growth.

“The importance of natural gas and biogas in addressing the environmental requirements is increasingly being recognized. Gas mobility is the fastest way to reduce CO2 emissions in the transportation sector due to existing infrastructure and available technology,” says Alfred Walberer, Vice President CNG Light-Duty Vehicles of Hexagon Purus. “We are proud to be a trusted partner of Volkswagen. Through this joint effort of increasing our production output for low-emission passenger car fuel tanks, we are contributing to the decarbonization of the transport sector.”

Since 2013, Hexagon Purus (formerly Hexagon xperion) has been a serial supplier to Volkswagen for the CNG car models Golf TGI and Audi A3 Sportsback g-tron. From 2019, Hexagon has started to supply lightweight composite cylinders to SEAT Leon and Skoda Octavia. These models are mono-fuel vehicles with a longer range and increased performance due to a new and improved engine.

The total investment is around EUR 6 million (approx. NOK 58 million) to expand and modernize its production facilities in Kassel, Germany. The new production line will start its operations in second half of 2019.

For more information:
Michael Kleschinski, President, Hexagon Purus
Telephone: +49 151 58044068 | michael.kleschinski@hexagongroup.com

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Press release
2019 May 8, 2019

Hexagon Composites ASA: Results for the first quarter 2019

In the first quarter 2019 Hexagon Group generated NOK 821.8 (416.3) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK 150.3 (66.5) million, driven by the strong performance of Agility Fuel Solutions, consolidated for the first time in this quarter after its acquisition on 4 January. The acquisition included a net gain on the transaction of NOK 69.4 million. Operating profit (EBIT) was NOK 92.2 (47.3) million and profit/loss before tax came to NOK 66.1 (31.3) million.

Key developments

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Stock Exchange Release
2019 May 6, 2019

New applications are driving the need for Mobile Pipeline products

Hexagon Composites' business area Hexagon Mobile Pipeline has been awarded an order for TITAN® gas transport modules from Certarus Ltd., the North American market leading provider of fully integrated compressed natural gas (CNG) delivery solutions, with a total value of USD 5.2 million (around NOK 45 million).

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Stock Exchange Release
2019 May 2, 2019

Agility launches 6x2 44-tonne CNG tractor and trailer-mounted CNG system for UK market

PRESS RELEASE

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Press release
2019 April 30, 2019

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

Hexagon Composites ASA (OSE:HEX) will report its first quarter 2019 results on 8 May in Oslo.

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Stock Exchange Release
2019 April 25, 2019

Agility unveils high-performance battery packs and electric drivetrains for trucks

PRESS RELEASE

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Press release
2019 April 24, 2019

Hexagon Composites ASA: Minutes from Annual General Meeting

The annual general meeting of Hexagon Composites ASA was held today, Wednesday 24 April 2019 in Aalesund, Norway.

All proposals on the agenda were adopted, cf. the notice of the annual general meeting that was sent to the Oslo Stock Exchange on 3 April 2019.

The board now consists of:

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Stock Exchange Release
2019 April 12, 2019

Hexagon Composites ASA: Mandatory notification of trade - provisional award of PSUs

The Board of Directors of Hexagon Composites ASA ("Hexagon Composites" or the "Company") has decided to provisionally award up to 2 492 438 Performance Share Units ("PSUs") to executives.

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Stock Exchange Release
2019 April 3, 2019

Hexagon Composites ASA: Notice of annual general meeting

The annual general meeting of Hexagon Composites ASA will be held on Wednesday 24 April 2019 at 12:30 (CEST), at the Company's office in Korsegata 4B, Aalesund, Norway.

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Stock Exchange Release
2019 April 3, 2019

Mitsui & Co., Ltd. enters into a business collaboration with hydrogen station operator in California

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Press release
2019 March 22, 2019

Hexagon Composites ASA: Mandatory notification of trade - options

Reference is made to the announcement of 1 April 2016, in which Hexagon Composites ASA (the "Company") announced the grant of 925,000 share options to employees under its employee share option program, each at a strike price of NOK 20 per share.

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Stock Exchange Release
2019 March 20, 2019

Hexagon Composites ASA: Annual Report 2018

The Board of Directors of Hexagon Composites ASA (OSE:HEX) has approved the Annual Report for 2018 and the Final Accounts for 2018.

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Stock Exchange Release
2019 March 18, 2019

Hexagon Composites ASA: Mandatory notification of trade - options

Reference is made to the announcement of 1 April 2016, in which Hexagon Composites ASA (the "Company") announced the grant of 925,000 share options to employees under its employee share option program, each at a strike price of NOK 20 per share.

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Stock Exchange Release
2019 March 15, 2019

CORRECTION: Hexagon Composites ASA: Mandatory notification of trade - options

Reference is made to the announcement of 1 April 2016, in which Hexagon Composites ASA (the "Company") announced the grant of 925,000 share options to employees under its employee share option program, each at a strike price of NOK 20 per share.

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Stock Exchange Release
2019 March 15, 2019

Hexagon Composites ASA: Mandatory notification of trade - options

Reference is made to the announcement of 1 April 2016, in which Hexagon Composites ASA (the "Company") announced the grant of 925,000 share options to employees under its employee share option program, each at a strike price of NOK 20 per share.

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Stock Exchange Release
2019 March 14, 2019

Hexagon Composites ASA: Mandatory notification of trade - options

Reference is made to the announcement of 1 April 2016, in which Hexagon Composites ASA (the "Company") announced the grant of 925,000 share options to employees under its employee share option program, each at a strike price of NOK 20 per share.

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Stock Exchange Release
2019 March 13, 2019

Hexagon Composites ASA: Mandatory notification of trade - options

Reference is made to the announcement of 1 April 2016, in which Hexagon Composites ASA (the "Company") announced the grant of 925,000 share options to employees under its employee share option program, each at a strike price of NOK 20 per share.

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Stock Exchange Release
2019 March 12, 2019

Hexagon Composites ASA: Mandatory notification of trade - options

Reference is made to the announcement of 1 April 2016, in which Hexagon Composites ASA (the "Company") announced the grant of 925,000 share options to employees under its employee share option program, each at a strike price of NOK 20 per share.

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Stock Exchange Release
2019 March 11, 2019

Hexagon looks towards realizing its many market opportunities with a sound financial platform

PRESS RELEASE

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Press release
2019 March 7, 2019

Hexagon Composites ASA - Successful placement of new senior unsecured bond issue

Reference is made to the announcement made on 28 February 2019 regarding a potential new senior unsecured bond issue by Hexagon Composites ASA.

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Stock Exchange Release
2019 March 6, 2019

Hexagon Composites ASA: Registration of share capital increase

Reference is made to the stock exchange notice published by Hexagon Composites ASA (the "Company") on 27 February 2019 regarding the private placement of 16,662,780 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 18,329,064.80 divided into 183,290,648 shares each with a par value of NOK 0.10. The holding of chairman Mr Flakk and his close associates is 31,284,969.  

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Stock Exchange Release
2019 March 6, 2019

Hexagon Composites ASA: Mandatory notification of trade - options

Reference is made to the announcement of 1 April 2016, in which Hexagon Composites ASA (the "Company") announced the grant of 925,000 share options to employees under its employee share option program, each at a strike price of NOK 20 per share.

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Stock Exchange Release
2019 March 5, 2019

Agility receives CARB approval for near-zero emissions fuel system with heavy-duty on-board diagnostics (HD-OBD)

PRESS RELEASE

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Press release
2019 March 5, 2019

Hexagon personnel appointed to key positions with NGVAmerica

PRESS RELEASE

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Press release
2019 March 5, 2019

Hexagon Composites ASA: Mandatory notification of trade - options

Reference is made to the announcement of 1 April 2016, in which Hexagon Composites ASA (the "Company") announced the grant of 975,000 share options to employees under its employee share option program, each at a strike price of NOK 20 per share.

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Stock Exchange Release
2019 March 4, 2019

Hexagon Composites ASA: Mandatory notification of trade - options

Reference is made to the announcement of 1 April 2016, in which Hexagon Composites ASA (the "Company") announced the grant of 975,000 share options to employees under its employee share option program, each at a strike price of NOK 20 per share.

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Stock Exchange Release
2019 February 28, 2019

Hexagon Composites ASA - Fixed income investor meetings and contemplated bond issue

Hexagon Composites ASA has mandated DNB Markets as Sole Bookrunner to arrange a series of fixed income investor meetings in the Nordics, commencing on Monday, 4 March.  A NOK 1,100 million senior unsecured 4 year floating rate issue is expected to follow, subject to market conditions.

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Stock Exchange Release
2019 February 27, 2019

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 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
2019 February 27, 2019

Hexagon Composites ASA Contemplated private placement

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
2019 February 27, 2019

Audi selects Hexagon for hydrogen development project

Hexagon Purus, a subsidiary of Hexagon Composites, has been nominated by Audi AG, a world-leading car manufacturer, to supply high-pressure tanks for a multi-year hydrogen tank development and small-serial production project.

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Stock Exchange Release
2019 February 26, 2019

Hexagon Composites ASA: Mandatory notification of trade

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Stock Exchange Release
2019 February 26, 2019

Sharpened focus on clean energy opportunities

PRESS RELEASE

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Press release
2019 February 13, 2019

CORRECTION: Hexagon Composites ASA: Results for the fourth quarter 2018

In the fourth quarter 2018 Hexagon Composites generated NOK 426.8 (358.5) million in operating income and made an operating profit before depreciation (EBITDA) of NOK 55.2 (39.9) million. Operating profit (EBIT) was NOK 19.2 (19.7) million and profit/loss before tax came to NOK 41.4 (2.2) million. EBIT in the fourth quarter 2018 was adversely impacted by an asset impairment adjustment of NOK 16.0 million. EBITDA for the quarter included a positive impact of NOK 18.4 million, triggered by a final reduction of the earn-out obligation related to the 2016 xperion acquisition.

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Stock Exchange Release
2019 February 13, 2019

Hexagon Composites ASA: Results for the fourth quarter 2018

In the fourth quarter 2018 Hexagon Composites generated NOK 426.8 (358.5) million in operating income and made an operating profit before depreciation (EBITDA) of NOK 55.2 (39.9) million. Operating profit (EBIT) was NOK 19.2 (19.7) million and profit/loss before tax came to NOK 41.4 (2.2) million. EBIT in the fourth quarter 2017 was adversely impacted by an asset impairment adjustment of NOK 16.0 million. EBITDA for the quarter included a positive impact of NOK 18.4 million, triggered by a final reduction of the earn-out obligation related to the 2016 xperion acquisition.

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Stock Exchange Release
2019 February 11, 2019

Agility Fuel Solutions extends long-term agreement with New Flyer

Hexagon Composites' wholly-owned subsidiary Agility Fuel Solutions has signed an exclusive long-term agreement with New Flyer Industries Canada ULC and New Flyer of America Inc. (collectively, "New Flyer") for the supply of compressed natural gas (CNG) cylinders for transit buses.

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Stock Exchange Release
2019 February 5, 2019

Seung W. Baik appointed President of Agility Fuel Solutions

PRESS RELEASE

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Press release

Media contacts

Hiva Ghiri
Hiva Ghiri
Vice President Investor Relations

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

David Bandele
David Bandele
Chief Financial Officer

david.bandele@hexagongroup.com
+47 920 91 483