Hexagon Purus, through its wholly owned subsidiary, Wystrach GmbH ("Wystrach") a
leading hydrogen systems supplier, has received an order for hydrogen
distribution systems from a global industrial gas company. Wystrach's hydrogen
distribution systems with Hexagon Purus' type 4 cylinders will be used to
deliver hydrogen for industrial and mobility applications in Germany and the
Benelux region. The value of the order is approximately EUR 5.7 million (approx.
NOK 58 million).
Driving Energy Transformation
"Our high-pressure hydrogen distribution systems allow for very high payloads
when transporting hydrogen, reducing total cost of ownership for our customers,"
says Matthias Kötter, Head of Wystrach Sales, Hexagon Purus. "We are proud to be
chosen to support our customer to increase their hydrogen distribution
footprint".
About the market
The industrial and mobility sectors are accountable for close to 50% of annual
carbon emissions globally, and hydrogen has a significant role to play in
reducing these emissions, particularly in "hard to abate" sectors. Making green
hydrogen available for use in industrial processes and mobility is critical to
reduce carbon emissions.
As hydrogen, a key contributor to the energy transition, continues to build
momentum globally, more than 30 countries have released hydrogen roadmaps, over
USD 70 billion in government funding is committed to hydrogen investments, more
than 500 large-scale hydrogen projects have been announced by the industry to
date and green hydrogen is projected to supply up to 25% of the world's energy
needs by 2050.
Timing
The hydrogen systems are scheduled for delivery from Q2 through Q4, 2022.
For more information:
Mathias Meidell, Investor Relations Director, Hexagon Purus
Telephone: +47 909 82 242 | mathias.meidell@hexagonpurus.com
Karen Romer, SVP Communications, Hexagon Composites
Telephone: +47 950 74 950 | karen.romer@hexagongroup.com
About Hexagon Purus
Hexagon Purus, a Hexagon Composites company, enables zero emission mobility for
a cleaner energy future. Hexagon Purus is a world leading provider of Hydrogen
Type 4 high-pressure cylinders, complete vehicle systems and battery packs for
fuel cell electric and battery electric vehicles (FCEV and BEV) including hybrid
mobility applications on light, medium and heavy-duty vehicles, transit buses,
ground storage, distribution, marine, rail, and aerospace applications. Learn
more at www.hexagonpurus.com (http://www.hexagonpurus.com) and follow
@HexagonASA on Twitter and LinkedIn.
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act