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

Type 4 pressure tanks

29 July, 2020

Stock Exchange Release

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.


Driving energy transformation
This is the second project that Hexagon Purus has collaborated on in the aerospace industry in the past two years. Hexagon Purus’ smart technology combined with its world leading expertise in lightweight, reliable and safe high-pressure gas storage is being leveraged to support pioneering developments in space travel.

“We are excited to be working on this project and to be partners in the future of spaceflight,” says Jim Harris, Managing Director, Hexagon Purus.

Timing
The pressure vessels are due to be delivered in the first quarter 2021.


Contacts:

Karen Romer, SVP Communications, Hexagon Composites
Telephone: +47 950 74 950 | karen.romer@hexagongroup.com

David Bandele, CFO, Hexagon Composites
Telephone: +47 920 91 483 | david.bandele@hexagongroup.com

About Hexagon Purus
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.

Hexagon MasterWorks, a unit within Hexagon Purus, has over 20 years of experience with new composite product design, process development, and production supporting aerospace, automotive, energy, and manufacturing markets. Together with our sister Hexagon facilities worldwide, there is over 50 years of experience designing, developing, qualifying, and producing both commercial and aerospace pressure vessels.  We use proven design and continuous improvement methodologies to custom engineer our products to meet our customer's exacting requirements.