Hexagon Agility receives new wave of orders for natural gas fuel systems for North American heavy-duty trucks

2 September 2025: Hexagon Agility, a subsidiary of Hexagon Composites ASA (OSE:
HEX.OL) and the world's leading provider of natural gas (CNG/RNG) fuel systems,
has received a new wave of orders totaling USD 4.2 million (approx. NOK 42
million). These orders are for fuel systems installations in trucks powered by
Cummins' X15N natural gas engine, designed specifically for the North American
heavy-duty truck market.

This latest batch of orders have come from over 10 leading Class 8 fleets in the
United States and Canada, and span multiple industries, including logistics,
food & beverage, oil & gas, and construction companies.

"Even in a challenging freight environment, we're seeing broad uptake from
across North America as fleets look to transition from diesel to natural gas,"
Eric Bippus, Chief Commercial Officer at Hexagon Agility. "Adoption is gaining
traction across industries, driven by the new 15L natural gas engine's diesel
-like performance and the immediate fuel cost savings and emissions reductions
of natural gas and renewable natural gas."

The North American truck market

Approximately 300,000 heavy-duty trucks are sold annually in the North American
market. Previously, 100,000 of these trucks made up the addressable market for
natural gas solutions. Now with the Cummins X15N natural gas engine there are
natural gas trucks today that are well-suited for every operational, haul and
load requirement a fleet may have, adding 200,000 heavy-duty trucks to the
addressable market for CNG/RNG annually.

With power ratings up to 500 hp (~370 kW) and torque up to 1850 lb.-ft (~2500
Nm), the new 15L engine meets the needs of long haul/heavy load demands for high
horsepower and offers a range of up to 1,200 miles (2,000 km), matching the
capabilities of diesel.

Natural gas trucking is supported by a robust network of over 1,600 public and
private CNG/RNG fueling stations across key transport corridors in North
America.

Contacts:

Berit-Cathrin Høyvik, Senior Director, Communications, Hexagon Composites
Telephone: +47 988 92 161 | berit-cathrin.hoyvik@hexagongroup.com

David Bandele, CFO, Hexagon Composites
Telephone: +47 920 91 483 | david.bandele@hexagongroup.com

About Hexagon Agility
Hexagon Agility, a business of Hexagon Composites, is a leading global provider
of clean fuel solutions for commercial vehicles and bulk gas transportation. Its
product offerings include (renewable) natural gas bulk distribution systems of
compressed gases, lightweight Type 4 composite natural gas cylinders, and
(renewable) natural gas fuel systems. These products transport clean gaseous
fuels and enable vehicles to reduce emissions while lowering operating costs.
Learn more at hexagonagility.com and follow @HexagonAgility on X and LinkedIn.

About Hexagon Composites ASA
Hexagon delivers safe and innovative solutions for a cleaner energy future. Our
solutions enable storage, transportation and conversion to clean energy in a
wide range of mobility and industrial applications. Learn more at
hexagongroup.com and follow @HexagonASA on LinkedIn.