Hexagon Composites strengthens its leading market position with new 26" TUFFSHELL cylinder orders

PRESS RELEASE

Hexagon Composites wholly owned subsidiary Hexagon Lincoln has recently received several new orders for delivery of lightweight 26" TUFFSHELL^TM fuel cylinders to the U.S in 2013. The total value of the newest orders is in excess of USD 5 million (approximately NOK 30 million).

These orders represent only the company's most recent major orders for the newly launched 26" TUFFSHELL^TM line of high pressure composite fuel tanks. The company's 26" tank family, officially launched in January this year, are the largest Type 4 NGV fuel tanks in the marketplace. These lightweight, all-composite cylinders will serve as fuel tanks for Class 8 trucks running on CNG (compressed natural gas).

"Due to its large storage capacity and flexible packaging, the new 26" TUFFSHELL^TM fuel tank is well suited for the increased range requirements of Class 8 truck fleets", says Chet Dawes, Director of Sales for North America, Hexagon Lincoln.

The U.S. Class 8 truck market includes vehicles with a GVWR (Gross Vehicle Weight Rating) of 26,000 pounds (12 tons) or more. 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 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.

With the light weight of composite tanks and industry leading capacity, Hexagon Composites' line of TUFFSHELL^TM fuel tanks allow fleet owners the flexibility of increased range with less compromise of payload capacity and wheelbase.
  
Hexagon Lincoln, the former Lincoln Composites, is based in Lincoln, Nebraska and has around 270 employees.

Visit Hexagon Lincoln at booth #540 at the Alternative Clean Transportation Expo, Washington DC.

For more information:
Chet Dawes, Sales Director North America, Hexagon Lincoln
Telephone: +1 402 613 0025 | 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 located in Aalesund, Norway. The Group has more than 500 employees and in 2012 had sales of NOK 1 033 million. The Group develops and produces composite containers for the storage and transport of various gases under pressure and multiaxial composite reinforcements.

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