Hexagon Composites builds momentum in the Class 8 for-hire transportation fleet market

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PRESS RELEASE 

Hexagon Composites wholly owned subsidiary Hexagon Lincoln has recently received a new order for delivery of lightweight TUFFSHELL(TM) CNG fuel cylinders. The total value of the order is approximately USD 5 million (around NOK 30 million).

Swift Transportation Company recently announced that they are adding 200 natural gas powered Class 8 trucks and outfitting them with Hexagon Lincoln's CNG tanks to support the movement toward natural gas fueled trucks by Swift.  

"After trying CNG and LNG trucks in pilot fleets, we chose CNG and cylinders from Hexagon Lincoln for our own systems." says Russ Thompson, Swift Transportation Co. Vice President of Equipment Purchasing and Shop Operations.

"Hexagon Lincoln cylinders offer the best combination of weight savings, stored volume, robustness and cost in the industry. This is why industry leaders like Swift Transportation choose our CNG cylinders over the competition," says Dave Myers, Business Development Manager, Hexagon Lincoln.

The U.S. Class 8 for-hire fleet truck market includes local, regional and long-haul freight trucks. These trucks benefit from the operational cost advantages of CNG with high consumption rates, long range hauling needs and heavy payload requirements.

The U.S. Heavy Duty NGV (Natural Gas Vehicle) market is experiencing strong and sustained growth which is expected to continue with the recent expanded line-up of larger, higher horsepower dedicated natural gas engines. Swift Transportation Company is a transportation services company and one of the largest truckload carriers in North America.

With the light weight of composite tanks and industry leading capacity, Hexagon Lincoln's line of TUFFSHELL(TM) fuel tanks allow fleet owners the flexibility of increased range with less compromise of payload capacity and wheelbase. The company's 26" tank family, officially launched in January this year, are the largest Type 4 NGV fuel tanks in the marketplace. These light-weight, all-composite cylinders will serve as fuel tanks for Class 8 trucks running on compressed natural gas.

Hexagon Lincoln is based in Lincoln, Nebraska.

Visit Hexagon Lincoln at booth #122 at the Natural Gas Conference & Expo, November 18-21 in Atlanta, GA.

For more information:
Chet Dawes, Vice President CNG Automotive Products, Hexagon Lincoln, Inc.
Telephone: +1 402 470 5015 | chet.dawes@hexagonlincoln.com

Solveig D Saether, Communication Manager, Hexagon Composites ASA
Telephone: +47 906 34 977 | E-mail: solveig.saether@hexagon.no

Hexagon Composites ASA is a publicly listed company with its head office in Aalesund, Norway. In 2012 the Group had sales of NOK 1 033 million to customers world-wide. The Group develops and supplies composite containers for storage and transport of gases under pressure and multiaxial composite reinforcements

Follow us on Twitter @HexagonASA

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