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Hexagon Digital Wave completes build of its 200th Ultrasonic Examination (UE) machine

Hexagon Digital Wave, a leader in innovative requalification technology for high-pressure cylinders, proudly announces the successful build of its 200th Ultrasonic Examination (UE) machine. For the past 20 years, Hexagon Digital Wave has pioneered the use ultrasonic examination technology for the testing of metallic cylinders.   The UE technology offers a non-invasive, highly accurate method of detecting flaws in high-pressure metallic cylinders, contributing to enhanced safety, reduced downtime, and lower costs for operators. Hexagon Digital Wave’s UE machines have set a new

Hexagon Digital Wave partners with key players in the fire protection industry to accelerate the adoption of MAE technology - the most accurate method for testing SCBA cylinders

Centennial, CO, 10 December 2024:  Firefighters are dependent on safe air supplies to perform their job - Hexagon Digital Wave, a leading provider of innovative safety solutions, Denny’s Fire Control, a renowned supplier of fire protection equipment, and The Illinois Fire Service Institute (IFSI), the oldest continuous fire training institution in the United States, have joined forces to make Self-Contained Breathing Apparatus (SCBA) cylinder life extension technology more accessible to the fire service community. The most reliable and cost-efficient testing method SCBA cylinders used

Hexagon Digital Wave launches Modal Acoustic Emission system for Type 3 gas distribution trailers

Centennial, CO, 3 December 2024: Hexagon Digital Wave, a leading provider of innovative solutions for the compressed gas distribution industry, launches in-situ requalification of Type 3 gas distribution trailers, using its proprietary Modal Acoustic Emission (MAE) technology.   As the only provider of in-situ MAE requalification, Hexagon Digital Wave has successfully used MAE technology to requalify over 750 Type 4 gas distribution trailers. The company is now extending its offering to gas distribution trailers using Type 3 cylinders, with services becoming available early in 2025.

Hexagon Composites names Dr. Philipp Schramm as Chief Executive Officer

Oslo, Norway, 3 December 2024: The Board of Directors of Hexagon Composites (OSE: HEX.OL) is pleased to announce the appointment of Dr. Philipp Schramm as Chief Executive Officer, effective 7 January 2025. Schramm will succeed Jon Erik Engeset, who on 16 April 2024 announced his decision to step down.  Philipp is an automotive industry executive, with more than 15 years of global experience in the automotive supplier industry. He recently served as the CEO and CFO of Brose, one of the world’s largest

Hexagon Digital Wave introduces the UE4 - its latest innovation within Ultrasonic Examination testing equipment

14 November 2024: Hexagon Digital Wave is excited to announce the release of the UE4, our latest innovation within Ultrasonic Examination (UE). With 20+ years of experience and having sold UE testing equipment in over 40 countries worldwide, Hexagon Digital Wave has developed the UE 4 machine specifically for small beverages, medical oxygen and handheld cylinders. Hexagon Digital Wave’s Ultrasonic Examination testing equipment makes it easy for operators to detect even the smallest defects in metallic cylinders without removing the valve or gas. This significantly reduces cost, cylinder

Hexagon expands its Hexagon Agility FleetCare business - acquires Specialty Fleet Services

11 November 2024: Hexagon Agility, a subsidiary of Hexagon Composites, announced the acquisition of the assets of Specialty Fleet Services, a leading natural gas (CNG,LNG and RNG) mobile service and inspection provider in the United States and Canada. Specialty Fleet Services, based in California, provides comprehensive maintenance solutions for fleets to minimize truck downtime. With this acquisition, Hexagon Agility FleetCare expands its nationwide after-sales support network to serve customers more effectively while tripling its mobile service capabilities. The business will be fully

Hexagon Composites ASA: Third quarter 2024

7 November 2024: Hexagon Composites (OSE: HEX.OL), world leader in composite cylinder technology and related systems for storage and transportation of clean gaseous energy reported revenues of NOK 1 250 million for third quarter 2024 (Q3’23: 1 148 million). The reported EBITDA was NOK 184 million (Q3’23: NOK 120 million), resulting in a 15% EBITDA margin (Q3’23: 10%). “Hexagon Group delivered a record-high EBITDA of NOK 184 million this quarter, thanks to significant operational efficiency improvements alongside increased heavy-duty truck activity in Hexagon Agility’s fuel systems

Hexagon Composites ASA - Participation in Hexagon Purus' contemplated private placement of new shares

Reference is made to the stock exchange announcement from Hexagon Purus ASA ("Hexagon Purus" or the "Company") published 30 October 2024 whereby the Company announced the launch of a contemplated private placement of new shares raising gross proceeds of approximately NOK 1,000 million (the "Private Placement"). The Private Placement is supported by Hexagon Composites ASA ("Hexagon Composites") and Mitsui & Co., Ltd. through pre-commitments and pre-allocations. Hexagon Composites has irrevocably committed to subscribe for, and will receive an allocation of shares for, approx. NOK 380

Hexagon Agility receives new wave of RNG fuel system orders for Class 8 Series trucks with Cummins X15N natural gas engine

30 October 2024: Hexagon Agility, a subsidiary of Hexagon Composites ASA (OSE: HEX.OL) and the world’s leading provider of (renewable) natural gas (RNG/CNG) fuel systems, has announced a new wave of orders valued at USD 4.3 million. These orders are for RNG/CNG fuel system installations in trucks powered by Cummins’ X15N natural gas engine, designed specifically for the North American heavy-duty commercial truck market. The new orders include over 30 leading Class 8 fleets of which 40% are new adopters of RNG/CNG. Currently, Kenworth and Peterbilt, two of the top three Class 8 truck

Hexagon Composites ASA: Invitation to third quarter 2024 results

24 October 2024: Hexagon Composites ASA's third quarter 2024 results will be released on 7 November 2024 at 07:00 am CET.Knut Flakk, Chair of the Board and David Bandele, CFO will present the results at 08:30 am the same morning. The presentation will be held in the Auditorium at Hexagon's location in Oslo, Haakon VIIs gate 2, on the lower level. It will also be broadcasted live via: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20241107_3  For further information:David Bandele, CFO, Hexagon Composites ASATelephone: +47 920 91 483 | david.bandele@hexagongroup.com

Hexagon Digital Wave successfully completes testing of over 750 composite tube trailers

Centennial, Colorado, 24 September 2024: Hexagon Digital Wave, a business of Hexagon Composites, announced today the successful completion of its 750th Mobile Pipeline[®] and Virtual Pipeline­ trailer test using its cutting-edge Modal Acoustic Emission (MAE) technology. The growing demand for alternative fuels has led to a significant increase in compressed gas transport which is driving fleet owners to seek a safe and efficient method for requalification of composite tube trailers which is regulated to occur every five years. MAE technology represents an innovative and competitive

Mandatory notification of trade and major shareholding notification – share lending for settlement purposes

26 August 2024: Reference is made to the mandatory notification of trade and major shareholding notification notice published on 21 August 2024 regarding the share lending agreement between Flakk Composites AS and DNB Markets, a part of DNB Bank ASA (the "Managers") in relation to a successful completion of a private placement of shares in Hexagon Composites ASA (the "Private Placement"). The shares under the share lending agreement have now been re-delivered to Flakk Composites AS as part of the completion of settlement of the Private Placement. The total holding of Flakk Composites AS is

Hexagon Composites ASA: Share capital increase registered

26 August 2024: Reference is made to the stock exchange announcement by Hexagon Composites ASA (the "Company") on 20 August 2024 regarding the issue of 8,450,704 new shares upon completion of a private placement of shares. The share capital increase pertaining to the issuance of the new shares under the private placement has now been registered with the Norwegian Register of Business Enterprises. The Company's new registered share capital is NOK 21,007,041.60 divided into 210,070,416 shares, each with a nominal value of NOK 0.10 per share. For more information: Ingrid Aarsnes, VP ESG &

Hexagon Composites ASA: Mandatory notification of trade by primary insider

23 August 2024: As part of a family succession plan, Jon Erik Engeset, CEO of Hexagon Composites ASA, has today transferred 204,150 shares in the Company to close family members. After the transfer, Engeset controls 259,448 shares, and has earned all rights to 121,913 additional, not yet exercisable, shares under the Company’s incentive program. Please refer to the attached notification of trading for further details. This information is subject to disclosure requirements set out in the Market Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act Section 5-

Hexagon Composites ASA: Mandatory notification of trade by primary insider

21 August 2024: David Bandele, CFO has on 21 August 2024 sold 28,000 shares at an average price per share of NOK 37.14. The sale is to settle the tax obligations resulting from performance share unit awards. Please see the attached form for further details. This information is subject to disclosure requirements set out in the Market Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act Section 5-12.

Mandatory notification of trade and major shareholding notification – share lending for settlement purposes

21 August 2024. Reference is made to the stock exchange notice published by Hexagon Composites ASA (the "Company") on 20 August 2024 regarding the successful completion of a private placement of shares in the Company (the "Private Placement"). Flakk Composites AS holds 15,213,217 shares in the Company, representing approximately 7.55% of the share capital and votes in the Company. Flakk Composites AS is partially owned and controlled by Knut Flakk, founder and Chairman of the Board of Directors of the Company. Together with related parties (including Flakk Composites AS) Knut Flakk

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 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. 20 August 2024 - Oslo, Norway: Reference is made to the stock exchange release from Hexagon Composites ASA ("Hexagon" or the "Company") published on 20 August 2024 regarding a contemplated private placement. The Company announces today that it has raised approximately

Hexagon Composites ASA: Contemplated private placement

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA 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. 20 August 2024 - Oslo, Norway: Hexagon Composites ASA ("Hexagon" or the "Company") has retained DNB Markets, a part of DNB Bank ASA as sole bookrunner (the "Manager") to advise on and effect a private placement of new ordinary shares in the

Hexagon Composites’ net zero targets validated by the Science Based Target initiative

20 August 2024: Hexagon Composites (OSE: HEX.OL), world leader in composite cylinder technology and systems for storage and transportation of clean gaseous energy, has committed to being net zero by 2050. In July 2024, Hexagon’s net zero targets were validated by the Science Based Target initiative (SBTi). The SBTi defines and promotes best practice in science-based target setting, and independently assesses and approves companies’ targets. Being a provider of solutions that help fleets and OEM’s transition to low-carbon and carbon negative solutions, Hexagon recognizes the importance of

Hexagon Composites ASA: Second quarter 2024

15 August 2024: Hexagon Composites (OSE: HEX.OL), world leader in composite cylinder technology and related systems for storage and transportation of clean gaseous energy reported revenues of NOK 1 150 million for second quarter 2024 (Q2’23: 1 161 million). The reported EBITDA was NOK 137 million (Q2’23: 110 million), resulting in a 12% EBITDA margin (Q2’23: 9%).  “The main highlight of the quarter was the substantial increase in EBITDA for the Group, reaching NOK 137 million, an improvement of 25%,” says Jon Erik Engeset, Group CEO of Hexagon Composites. “On June 3 we sold Hexagon

Hexagon Agility receives significant order for RNG fuel systems from major refuse fleet in North America

13 August 2024: Hexagon Agility, a subsidiary of Hexagon Composites, has received orders for renewable natural gas (RNG) fuel systems from a major refuse fleet in North America. The orders have a total value of USD 18.7 million (approximately NOK 203 million). “We are proud to enable this refuse fleet to achieve cost-effective, carbon-negative transportation without compromising their existing business operations,” says Eric Bippus. “Refuse fleets face the challenge of heavy payloads and unique and demanding operating environments.  Making the switch to RNG offers fleets a proven and

Hexagon Composites ASA: Invitation to second quarter 2024 results

31 July 2024: Hexagon Composites ASA's second quarter 2024 results will be released on 15 August 2024 at 07:00 am CEST.   Knut Flakk, Chair of the Board and David Bandele, CFO will present the results at 08:30 am the same morning.  The presentation will be held in the Auditorium at Hexagon's location in Oslo, Haakon VIIs gate 2, on the lower level. It will also be broadcasted live via: Hexagon Composites ASA Webcast Q2 2024(royalcast.com)   For further information:  Ingrid Aarsnes, VP Investor Relations and

Hexagon Agility receives new order for Mobile Pipeline modules

9 July 2024: Hexagon Agility, a business of Hexagon Composites, has received an order for Mobile Pipeline[®] TITAN modules from a global leading industrial gas company. The modules will be used to support growth in a key industrial gas market. The order has an estimated value of USD 12.8 million (approx. NOK 135 million), and represents the continued diversification of Mobile Pipeline into new market segments. Reducing emissions and costThe all-composite design of the TITAN cylinders and high-strength steel frame enables the safe transport of nearly double the gas capacity of steel

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