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2016-02-23

Hexagon Composites ASA: Hexagon Composites receives significant Mobile Pipeline order for distribution of biomethane in the UK

Hexagon Composites' wholly owned subsidiary Hexagon Lincoln has received an
order for its SMARTSTORE® modules for the distribution of biomethane. The
order is from a new customer and totals USD 3.8 million (around NOK 32
million). The gas will be produced from residual waste in the food industry
and distributed to fuel multiple manufacturing plants of a high-tech industry
cluster in the United Kingdom.
Biomethane is one of the key fuels enabling the global green transition.
Biogas is created by the decomposition of organic matter from landfills, food
production, and agriculture waste. Once cleaned of other gases, biomethane is
identical to natural gas, and can be used with the same infrastructure and
technology. Capturing this gas keeps it out of the atmosphere and creates a
renewable fuel source.

"As the world increases its focus on reducing greenhouse gases, we expect the
market for transportation of biomethane to grow substantially," says Frank
Haeberli, Vice President Mobile PipelineTM. "All of our Mobile
PipelineTMsolutions are suited for the storage and transport of this
renewable fuel."
Use of biomethane in the UK is growing, especially with the Renewable Heat
Incentive (RHI), which provides financial rewards for buildings that generate
heat with renewable sources. Since biomethane production isn't generally
located on the pipeline grid, Hexagon Composites' Mobile PipelineTMproducts
are ideal for transporting the fuel to customers.
While biomethane transport in the UK is a new market for the Mobile
PipelineTMdivision, SMARTSTORE® has been used for this application in
Scandinavia for many years, and in Southeast Asia since last year. The UK
order will be delivered in the second half of 2016.
For more information:
Frank Haeberli, Vice President Mobile PipelineTMDivision, Hexagon Lincoln,
Inc.

Telephone: +1 402 326 5586 | frank.haeberli@hexagonlincoln.com

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

Hexagon Composites ASA is a publicly listed company with its headquarters in
Aalesund, Norway. The Group develops and produces composite pressure
cylinders and systems for storage and transportation of various gases.

Twitter: @HexagonASA
www.hexagon.no
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Hexagon Composites ASA via Globenewswire

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