Automotive company commits to Hexagon Composites as supplier to fuel-cell electric vehicles
Hexagon Composites will supply compressed hydrogen tanks for serial production of fuel cell electric vehicles (FCEV) to be launched by an automotive OEM.Hexagon is currently developing the tanks to support anticipated production activities as early as 2020. Production is planned to run for at least five years. Hexagon estimates the combined value for development and serial production to be in the range of USD 120 to 150 million (approximately NOK 1.0 billion to 1.2 billion)."This is a strategically important customer contract fulfilment for Hexagon and the growing FCEV industry. Hexagon