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2016-05-20

Hexagon Composites ASA: Hexagon Composites' SMARTSTORE® CNG transport module is now available in the US

PRESS RELEASE

Hexagon Composites' wholly owned subsidiary Hexagon Lincoln has received US
DOT (Department of Transportation) approval to operate its newest Mobile
Pipeline® product in the United States. The enhanced SMARTSTORE® module
offers the highest compressed natural gas (CNG) volume of any 20 ft container
transporting up to 245,000 scf (6,910 scm), with a total water volume of
23,175 liters. It is also suitable for transporting compressed hydrogen gas
(CHG).

Containing larger cylinders than previous modules, SMARTSTORE® achieves
greater volume with fewer tanks and connections. Horizontal mounting of up to
15 MAGNUMTMtanks sized to the entire length of the module ensures easy access
to plumbing and reduces maintenance costs. The main advantage of its robust
and simple design continues to be a high rate of gas flow. Its low weight and
compact intermodal dimensions make it ideal for transporting energy gases by
road, rail and sea.
"USDOT approval allows North American customers to take advantage of lower
capital expenditures for clients requiring a smaller footprint than our
TITAN® trailer," says Frank Häberli, Vice President, Mobile Pipeline®
division. "We are pleased to provide off-pipeline customers a full range of
competitive, lightweight, bulk-hauling options for clean-burning natural gas,
biomethane and hydrogen."

Hexagon Lincoln SMARTSTORE® CNG transport module

The new SMARTSTORE® was designed and tested in accordance with the United
States Pipeline Hazardous Materials Safety Administration (PHMSA) Special
Permit 14951, and reviewed by an independent inspection agency. It also has
American Bureau of Shipping (ABS) approval for operation in Latin America,
Asia and Africa. In Europe, the Company offers an ADR/TPED approved version.

For more information:
Frank Häberli, Vice President Mobile Pipeline® Division, Hexagon Lincoln ASA
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. It is
the global leader in CNG road transportation.

Follow us on Twitter: @TITAN_Tank and @HexagonASA

SMARTSTORE® CNG transport module
http://hugin.info/132600/R/2013835/746644.jpg

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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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