Hexagon Composites ASA

11/18/2021 | Press release | Distributed by Public on 11/18/2021 00:22

Hexagon Purus to provide a leading provider of propulsion solutions with zero-emission trucks - continuing the drive toward zero-emission commercial transport

Hexagon Purus to provide a leading provider of propulsion solutions with zero-emission trucks - continuing the drive toward zero-emission commercial transport

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18 Nov 2021 07:15 CET

Company Name

HEXAGON COMPOSITES, Hexagon Composites ASA 19/23 FRN C

ISN

NO0003067902, NO0010846280

Market

Oslo Børs

Symbol

HEX

Hexagon Purus has been awarded a contract from a leading designer of hybrid
electric and fully electric vehicle propulsion solutions, to deliver three
battery electric trucks for testing of their next generation drivetrains.

Hexagon Purus will provide fully integrated vehicle drivetrains including its
proprietary ProPack(TM) high energy density battery pack, and power electronics
for one Class 6 and two Class 8 trucks.

The total sales value of the contract is approximately USD 1.7 million (approx.
NOK 15 million).

Driving energy transformation

"This project involves us in the development of leading-edge propulsion
technology, showcasing our proprietary battery packs and battery management
systems," says Todd Sloan, EVP Systems, Hexagon Purus. "We are pleased to
contribute to ground-breaking work with propulsion solutions for zero-emission
transportation."

Timing

The trucks will be delivered in Q1 2022.

For more information, please contact:

Todd Sloan, President, Hexagon Purus Systems
Telephone: +1 250-470-8232 | [email protected]

Karen Romer, SVP Communications, Hexagon Composites ASA
Telephone: +47 950 74 950 | [email protected]

About Hexagon Purus ASA:

Hexagon Purus, a Hexagon Composites company, is a world leading provider of
hydrogen type 4 high-pressure cylinders, battery packs and vehicle systems
integration for fuel cell electric and battery electric vehicles. Hexagon Purus
enables zero emission solutions for light, medium and heavy-duty vehicles,
buses, ground storage, distribution, maritime, rail and aerospace applications.

Learn more at www.hexagonpurus.com and follow @HexagonPurus on Twitter and
LinkedIn.

More information:
Access the news on Oslo Bors NewsWeb site

Source

Hexagon Composites ASA

Provider

Oslo Børs Newspoint