Hexagon Purus has entered into an agreement with North America's largest mass
mobility solutions provider, New Flyer of America Inc. and New Flyer Canada ULC
(collectively "New Flyer") for the supply of high-pressure hydrogen tanks. These
tanks are destined for New Flyer's groundbreaking zero-emission Xcelsior CHARGE
H2(TM) hydrogen fuel cell electric transit buses in 2021. Total contract value is
approximately USD 900,000 (approximately NOK 7.7 million).
Driving energy transformation
The hydrogen tanks, which rely upon Hexagon Purus technology, will be used to
store compressed zero-emission hydrogen gas. These high-pressure tanks are
certified for use in North America and Europe. The tanks will be manufactured at
Hexagon Purus' North American production facility in Taneytown, Maryland.
"New Flyer and Hexagon Purus have been breaking new ground in hydrogen fuel use
together since 2015," says Harald Londer, Sales Director Hydrogen Automotive for
Hexagon Purus. "Pressure containment technology is the foundation of our
company. We are pleased to continue the successful partnership with New Flyer
and their application of our hydrogen tank technology."
The tanks join a global product line of hydrogen tanks for the medium and heavy-
duty fuel cell vehicle market. The tanks store hydrogen at 350 bar and are
specially- designed for use by fuel cell buses.
"With over 50 years of experience manufacturing zero-emission transit buses, the
integration of fuel cell technology was a natural transition for us," says Rod
Neustaedter, Vice President of Supply Management at New Flyer. "With up to 135
tons of greenhouse gases eliminated per year through fuel cell technology, our
buses are meeting the demand for cleaner air and more livable communities.
Hexagon is helping us do just this - transition North American mobility toward a
more sustainable future."
Timing
Delivery of the high-pressure hydrogen tanks to New Flyer will commence in Q1
2021.
For more information:
Karen Romer, SVP Communications, Hexagon Composites
Telephone: +47 476 12 713 | karen.romer@hexagongroup.com
(mailto:karen.romer@hexagongroup.com)
Salman Alam, Vice President, Corporate Development, Hexagon Purus
Telephone: +476 12 713 | salman.alam@hexagongroup.com
(mailto:salman.alam@hexagongroup.com)
About New Flyer
New Flyer is North America's heavy-duty transit bus leader and offers the most
advanced product line under the Xcelsior(®) and Xcelsior CHARGE(TM) brands. It also
offers infrastructure development through New Flyer Infrastructure Solutions(TM), a
service dedicated to providing safe, sustainable, and reliable charging and
mobility solutions. New Flyer actively supports over 35,000 heavy-duty transit
buses (New Flyer, NABI, and Orion) currently in service, of which 8,600 are
powered by electric motors and battery propulsion and 1,900 are zero-emission.
Further information is available at www.newflyer.com (http://www.newflyer.com).
About Hexagon Purus
Hexagon Purus, a Hexagon Composites company, is a world leading provider of
hydrogen type 4 high-pressure cylinders, battery packs and vehicle systems
integration for fuel cell electric and battery electric vehicles. Hexagon Purus
enables zero emission solutions for light, medium and heavy-duty vehicles,
buses, ground storage, distribution, maritime, rail, aerospace and backup power
solutions
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act