6 November 2020
Stock Exchange Release
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.
A development partner in Hino’s “Project Z” Battery Electric Vehicle (BEV) program (see Toyota/Hino joint press release on October 2, 2020 for more detail), Hexagon Purus will provide battery packs and powertrain integration on multiple Hino platforms with serial production planned in the next few years.
Driving Energy Transformation “Project Z represents our holistic approach to advancing Hino’s environmental leadership position. Technology leaders like our partner, Hexagon Purus, make it possible for us to deliver a sustainable, low cost product line-up that will meet the needs of our customers as our industry moves forward to zero emission vehicles,” said Glenn Ellis – Senior VP of Customer Experience. “Our plan is to deliver demonstration vehicles in the first half of 2021, customer demonstrations in 2022, and production prior to 2024.”
“Battery (BEV) and Fuel Cell (FCEV) electric trucks are the perfect alternative when you want to eliminate emissions and reduce maintenance cost. The recharging infrastructure is steadily growing and now is the time for fleet owners to plan on making the switch,” says Todd Sloan, EVP of Hexagon Purus. “We are honored to be selected by Hino Trucks and we look forward to contributing to the development of their zero emission vehicles”.
About the Market With decarbonization high on the global agenda, there is a strong focus on alternative energy sources to power mobility applications. Battery electric vehicles are established in the market and solutions continue to be developed to meet the growing market demand for zero emission vehicles.
Timing Hexagon Purus’ systems are due to be delivered in the second quarter of 2021.
Contacts Karen Romer, SVP Communications, Hexagon Composites Telephone: +47 950 74 950 | firstname.lastname@example.org
David Bandele, CFO, Hexagon Composites Telephone: +47 920 91 483 | email@example.com
Hexagon Purus, a Hexagon Composites company, enables zero emission mobility for a cleaner energy future. Hexagon Purus is a world leading provider of Hydrogen Type 4 high-pressure cylinders, complete vehicle systems and battery packs for fuel cell electric and battery electric vehicles (FCEV and BEV) including hybrid mobility applications on light, medium and heavy-duty vehicles, transit buses, ground storage, distribution, marine, rail, aerospace and backup power solutions.