Hexagon Agility receives new order from Xpress Natural Gas (XNG) for Mobile Pipeline® modules to meet customer demand for clean energy

9 November 2022: Hexagonal agility, a business Hexagonal compositeReceived a new order from Express Natural Gas LLC (XNG), a leading full-service provider of compressed natural gas (CNG). United States of AmericaTo deliver mobile pipelines® A module for transporting clean and renewable natural gas (RNG).

The value of this order is approx USD 14.8 million (Approx NOK 150 million).

Delivering safe and innovative solutions

“We look forward to expanding our relationship with Hexagon Agility as a key supplier to XNG as we work to provide safe, reliable clean energy solutions to a growing number of customers and areas underserved by traditional energy pipelines” Simon Richards, CEO at XNG. We’re really excited to continue growing our fleet with Hexagon Agility’s mobile pipeline products. “The TITAN 53 modules allow us to safely and efficiently deliver CNG to communities with the shortest trips. As we continue to expand our market area, Hexagon products give us the flexibility to serve all types of industries and end users seeking low-carbon, cost-effective energy solutions.”

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No pipeline. No problem. Titan® 53 modules offer maximum capacity North America and can serve many communities and industries that do not have access to natural gas or sufficient pipeline capacity to meet anticipated demand.

“The northeastern part of United States of America Struggles continue due to lack of infrastructure to deliver natural gas to the region Seung Baik, Hexagonal Agility Chair. “The winter season is particularly challenging. We are delighted to be working with XNG to keep homes warm and factories running.”

About the market

Mobile pipelines are critical to the energy transition from petroleum fuels to clean and renewable natural gas. Companies like XNG are leaders in the industry, enabling customers without pipeline access to adopt natural gas and meet their environmental goals.

Natural gas is today’s low-carbon, cost-effective alternative energy. RNG is a pipeline grade gas fully compatible with today’s infrastructure and mobile pipeline equipment. Because RNG is the only carbon negative energy source, it is being rapidly adopted to drive decarbonisation of industrial and vehicle fleet operations.

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With more than 1,800 mobile pipeline modules now deployed worldwide, Hexagon Agility continues to set the standard for safety, reliability and performance.

Timing

The modules are expected to be delivered in the second quarter of 2023.


For more information:

Karen Romer, SVP CommunicationsHexagonal Composite ASA
Tel: +47 950 74 950 | [email protected]

Ingrid ArsnessVP Investor Relations & ESG, Hexagon Composites ASA
Tel: +47 950 38 364 | [email protected]

Seth BerryChief Development Officer, Express Natural Gas LLC
Telephone: 508-846-8200 | [email protected]


About Express Natural Gas

Founded in 2011, XNG provides an alternative energy source for businesses without access to gas pipelines. By transporting compressed natural gas in both US And Canada, XNG provides a consistent and reliable, low-carbon energy source to its broad customer base. The company’s business model enables delivery of CNG to over 40 customer sites 24 hours a day, 365 days a year. As a leading provider of CNG, the company is working towards exponential growth in customer premiums in 2021 and beyond. For more information about Express Natural Gas: www.xng.com

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About Hexagonal Agility

Hexagonal agility, business of Hexagonal composite, is a leading global provider of clean fuel solutions for commercial vehicles and gas transportation solutions. Its product offerings include natural gas storage and distribution systems, Type 4 composite natural gas cylinders, propane and natural gas fuel systems. These products transport clean gaseous fuels and enable vehicles to reduce emissions while saving on operating costs. Learn more here hexagonagility.com And follow @HexagonAgility on Twitter and LinkedIn.


About Hexagonal Composite ASA

Hexagon delivers secure and innovative solutions for a clean energy future. Our solutions enable the conversion to clean energy in a wide range of storage, transportation and mobility, industrial and consumer applications. Learn more here hexagongroup.com And follow @HexagonASA on Twitter and LinkedIn.

© OMX, source GlobeNewswire – EU Press Release

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