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2015-09-15

Hexagon Composites ASA: Hexagon Ragasco reaches a milestone

PRESS RELEASE

Hexagon Ragasco, the world's leading producer of composite LPG cylinders,
celebrates 10 million cylinders sold worldwide.

Today, millions of businesses and homes worldwide are using Hexagon Ragasco
cylinders across a wide range of domestic, lifestyle and industrial
applications. With an exceptional safety record and unique features enabling
LPG distributors to gain market share while reducing their OPEX, the Hexagon
Ragasco cylinders have steadily gained recognition over the past 15 years.
"What we have accomplished since we launched our product has surpassed our
expectations; we feel confident to say today that we have set a new standard
for LPG users. In this special occasion, we would like to thank our customers
for their trust and partnership", said Skjalg S. Stavheim, Managing Director
of Hexagon Ragasco.

Hexagon Ragasco started its operations in February 2000, and has developed
since then a customer base mainly composed of LPG distributors. In North
America, under our brand Viking Cylinders, we also work with consumer focused
retail businesses specialized in BBQ accessories, recreational vehicles (RV)
and marine appliances.

As one of the pioneers in the industry, Hexagon Ragasco has customers in over
70 countries and continues to build partnerships in new regions to help gas
businesses increase customer loyalty without compromising on safety.
Production is carried out in modern, fully automated facilities located in
Raufoss, Norway.
For more information:
Skjalg S. Stavheim, Managing Director, Hexagon Ragasco AS
Mobile: +47 977 95 565 |skjalg.stavheim@hexagonragasco.com
Solveig D Saether, Communication Manager, Hexagon Composites ASA
Telephone: +47 906 34 977 | E-mail:solveig.saether@hexagon.no
About Hexagon Ragasco
Hexagon Ragasco is the world's leading producer of composite LPG cylinders
with over 10 million units in commercial use. The high-volume, highly
automated production facility in Raufoss, Norway is the most advanced of its
kind world-wide. Hexagon Ragasco's products are unique and provide many
advantages over traditional steel cylinders in terms of safety and
user-friendliness.

Hexagon Ragasco is a wholly-owned subsidiary of Hexagon Composites ASA, a
leading global supplier of composite pressure cylinders for gas applications.
Hexagon Composites ASA is a publicly listed company with its headquarters in
Aalesund, Norway. In 2014 the Group had sales of NOK 1 651 million to
customers world-wide.

Follow us on Twitter: @HexagonASA

Hexagon Ragasco 10 million cylinders
http://hugin.info/132600/R/1952040/709941.jpg
Composite LPG cylinders
http://hugin.info/132600/R/1952040/709942.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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