OSLO, Norway, March 28, 2025 /PRNewswire/ -- The Board of Directors of Hexagon Composites ASA has approved the company's Annual and Sustainability report for 2024. 

Please find attached the following documents: 

The documents are also available on www.hexagongroup.com  

For more information: 

OSLO, Norway, March 7, 2025 /PRNewswire/ -- David Bandele, CFO has on 7 March 2025 acquired 4,500 shares at an average price per share of NOK 23.45. After the sale, Bandele holds 104,500 shares in Hexagon Composites. Please see the attached form for further details.

For more information:David Bandele, CFO, Hexagon Composites Telephone +47 920 91 483 I david.bandele@hexagongroup.com 

This information is subject to disclosure requirements set out in the Market Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act Section 5-12.

OSLO, Norway, Feb. 13, 2025 /PRNewswire/ -- Hexagon Composites (OSE: HEX.OL), world leader in composite cylinder technology and related systems for storage and transportation of clean gaseous energy reported revenues of NOK 1 533 million for fourth quarter 2024 (Q4'23: 1 272 million). The reported EBITDA was NOK 257 million (Q4'23: NOK 99 million), resulting in a 17% EBITDA margin (Q4'23: 8%). 

"Hexagon Group delivered all-time high revenues and a second consecutive record-high EBITDA quarter of NOK 257 million in Q4, thanks to robust volumes driving our profitability," says Philipp Schramm, CEO of Hexagon Composites. "Despite an overall downturn in freight markets and a slow start to 2024, our team has executed an impressive second half performance to exit 2024 on record levels." 

OSLO, Norway, Jan. 20, 2025 /PRNewswire/ -- Hexagon Digital Wave, a subsidiary of Hexagon Composites, has entered into a long-term agreement (LTA) with Certarus, the North American leader in compressed gas transportation and distribution, to provide exclusive requalification services to their fleet of gas transportation trailers. The LTA runs from January 2025 to December 2027.

Hexagon Digital Wave utilizes its Modal Acoustic Emission (MAE) technology to perform in-situ requalification of Certarus' gas transportation modules. MAE is the most accurate method for inspection and testing of composite cylinders, ensuring the highest standards of safety and compliance for gas transportation. The use of in-situ MAE requalification streamlines Certarus' fleet maintenance and inspection procedures, ultimately enhancing operational efficiency and reducing downtime.

OSLO, Norway, Dec. 30, 2024 /PRNewswire/ -- Hexagon Agility, a business of Hexagon Composites, has received an order for Mobile Pipeline® TITAN 450 modules from a leading U.S. Oilfield Services company. The modules will enable the company's fleet of well completion equipment to transition from diesel fuel to natural gas, reducing both carbon emissions and operating costs.

The order represents an estimated value of USD 11.2 million (approx. NOK 127 million).

Mobile Pipeline is vital to driving the transition from diesel fuel to natural gas. Oilfield Services is one of the most demanding applications requiring cost-effective and reliable energy supply to remote and rugged areas. Natural gas is currently the only economically viable alternative energy capable of reducing carbon emissions in energy-intensive applications.

CENTENNIAL, Colo, Dec. 3, 2024 /PRNewswire/ -- Hexagon Digital Wave, a leading provider of innovative solutions for the compressed gas distribution industry, launches in-situ requalification of Type 3 gas distribution trailers, using its proprietary Modal Acoustic Emission (MAE) technology.  

As the only provider of in-situ MAE requalification, Hexagon Digital Wave has successfully used MAE technology to requalify over 750 Type 4 gas distribution trailers. The company is now extending its offering to gas distribution trailers using Type 3 cylinders, with services becoming available early in 2025.

OSLO, Norway, Dec. 3, 2024 /PRNewswire/ -- The Board of Directors of Hexagon Composites (OSE: HEX.OL) is pleased to announce the appointment of Dr. Philipp Schramm as Chief Executive Officer, effective 7 January 2025. Schramm will succeed Jon Erik Engeset, who on 16 April 2024 announced his decision to step down.

Philipp is an automotive industry executive, with more than 15 years of global experience in the automotive supplier industry. He recently served as the CEO and CFO of Brose, one of the world's largest family-owned automotive parts suppliers, with approximately 32,000 employees across 24 countries and annual revenues of around EUR 8 billion. Since joining Brose in 2020 the company has grown by about 30%. Prior to his role at Brose, Philipp held several senior positions at Webasto, another leading automotive supplier. Schramm's career started with PricewaterhouseCoopers with a focus on audit, M&A, restructuring and transaction services.

OSLO, Norway, Dec. 3, 2024 /PRNewswire/ -- The Board of Directors of Hexagon Composites (OSE: HEX.OL) is pleased to announce the appointment of Dr. Philipp Schramm as Chief Executive Officer, effective 7 January 2025. Schramm will succeed Jon Erik Engeset, who on 16 April 2024 announced his decision to step down.

Philipp is an automotive industry executive, with more than 15 years of global experience in the automotive supplier industry. He recently served as the CEO and CFO of Brose, one of the world's largest family-owned automotive parts suppliers, with approximately 32,000 employees across 24 countries and annual revenues of around EUR 8 billion. Since joining Brose in 2020 the company has grown by about 30%. Prior to his role at Brose, Philipp held several senior positions at Webasto, another leading automotive supplier. Schramm's career started with PricewaterhouseCoopers with a focus on audit, M&A, restructuring and transaction services.

OSLO, Norway, Nov. 14, 2024 /PRNewswire/ -- Hexagon Digital Wave is excited to announce the release of the UE4, our latest innovation within Ultrasonic Examination (UE). With 20+ years of experience and having sold UE testing equipment in over 40 countries worldwide, Hexagon Digital Wave has developed the UE 4 machine specifically for small beverages, medical oxygen and handheld cylinders.

Hexagon Digital Wave's Ultrasonic Examination testing equipment makes it easy for operators to detect even the smallest defects in metallic cylinders without removing the valve or gas. This significantly reduces cost, cylinder downtime and water consumption.

OSLO, Norway, Nov. 11, 2024 /PRNewswire/ -- Hexagon Agility, a subsidiary of Hexagon Composites, announced the acquisition of the assets of Specialty Fleet Services, a leading natural gas (CNG, LNG and RNG) mobile service and inspection provider in the United States and Canada.

Specialty Fleet Services, based in California, provides comprehensive maintenance solutions for fleets to minimize truck downtime. With this acquisition, Hexagon Agility FleetCare expands its nationwide after-sales support network to serve customers more effectively while tripling its mobile service capabilities. The business will be fully integrated into the Hexagon Agility FleetCare business operation.

OSLO, Norway, Oct. 30, 2024 /PRNewswire/ -- Hexagon Agility, a subsidiary of Hexagon Composites ASA (OSE: HEX.OL) and the world's leading provider of (renewable) natural gas (RNG/CNG) fuel systems, has announced a new wave of orders valued at USD 4.3 million. These orders are for RNG/CNG fuel system installations in trucks powered by Cummins' X15N natural gas engine, designed specifically for the North American heavy-duty commercial truck market.

The new orders include over 30 leading Class 8 fleets of which 40% are new adopters of RNG/CNG.

OSLO, Norway, Oct. 30, 2024 /PRNewswire/ -- Hexagon Agility, a subsidiary of Hexagon Composites ASA (OSE: HEX.OL) and the world's leading provider of (renewable) natural gas (RNG/CNG) fuel systems, has announced a new wave of orders valued at USD 4.3 million. These orders are for RNG/CNG fuel system installations in trucks powered by Cummins' X15N natural gas engine, designed specifically for the North American heavy-duty commercial truck market.

The new orders include over 30 leading Class 8 fleets of which 40% are new adopters of RNG/CNG.

OSLO, Norway, Oct. 24, 2024 /PRNewswire/ -- Hexagon Composites ASA's third quarter 2024 results will be released on 7 November 2024 at 07:00 am CET.

Knut Flakk, Chair of the Board and David Bandele, CFO will present the results at 08:30 am the same morning.

The presentation will be held in the Auditorium at Hexagon's location in Oslo, Haakon VIIs gate 2, on the lower level. It will also be broadcasted live via: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20241107_3 

For further information:David Bandele, CFO, Hexagon Composites ASATelephone: +47 920 91 483 | david.bandele@hexagongroup.com

CENTENNIAL, Colo., Sept. 24, 2024 /PRNewswire/ -- Hexagon Digital Wave, a business of Hexagon Composites, announced today the successful completion of its 750th Mobile Pipeline® and Virtual Pipeline­ trailer test using its cutting-edge Modal Acoustic Emission (MAE) technology.

The growing demand for alternative fuels has led to a significant increase in compressed gas transport which is driving fleet owners to seek a safe and efficient method for requalification of composite tube trailers which is regulated to occur every five years.

OSLO, Norway, Aug. 20, 2024 /PRNewswire/ -- Reference is made to the stock exchange release from Hexagon Composites ASA ("Hexagon" or the "Company") published on 20 August 2024 regarding a contemplated private placement. The Company announces today that it has raised approximately NOK 300 million in gross proceeds through a private placement (the "Private Placement") of 8 450 704 new shares (the "New Shares"), at a price per share of NOK 35.50 per New Share. The Private Placement took place through an accelerated bookbuilding process managed by DNB Markets, a part of DNB Bank ASA as sole bookrunner (the "Manager") after close of markets on 20 August 2024.

OSLO, Norway, Aug. 20, 2024 /PRNewswire/ -- Hexagon Composites ASA ("Hexagon" or the "Company") has retained DNB Markets, a part of DNB Bank ASA as sole bookrunner (the "Manager") to advise on and effect a private placement of new ordinary shares in the Company (the "Offer Shares") to raise gross proceeds of NOK 300 million (the "Private Placement"). The subscription price per Offer Share in the Private Placement (the "Subscription Price") will be determined by the Company's Board of Directors (the "Board") on the basis of an accelerated book-building process conducted by the Manager.

OSLO, Norway, Aug. 20, 2024 /PRNewswire/ -- Hexagon Composites (OSE: HEX.OL), world leader in composite cylinder technology and systems for storage and transportation of clean gaseous energy, has committed to being net zero by 2050. In July 2024, Hexagon's net zero targets were validated by the Science Based Target initiative (SBTi).

The SBTi defines and promotes best practice in science-based target setting, and independently assesses and approves companies' targets. Being a provider of solutions that help fleets and OEM's transition to low-carbon and carbon negative solutions, Hexagon recognizes the importance of reducing its own carbon footprint and is proud to join the over 5,800 businesses around the world that are working with the Science Based Targets initiative (SBTi).

OSLO, Norway, Aug. 15, 2024 /PRNewswire/ -- Hexagon Composites (OSE: HEX.OL), world leader in composite cylinder technology and related systems for storage and transportation of clean gaseous energy reported revenues of NOK 1 150 million for second quarter 2024 (Q2'23: 1 161 million). The reported EBITDA was NOK 137 million (Q2'23: 110 million), resulting in a 12% EBITDA margin (Q2'23: 9%). 

"The main highlight of the quarter was the substantial increase in EBITDA for the Group, reaching NOK 137 million, an improvement of 25%," says Jon Erik Engeset, Group CEO of Hexagon Composites. "On June 3 we sold Hexagon Ragasco, a proud member and important part of our Group for over 20 years, to Worthington Enterprises for an enterprise value of NOK 1 050 million. The transaction further sharpens Hexagon's focus on market leading solutions for alternative fuels and high-pressure industrial gases." 

OSLO, Norway, Aug. 15, 2024 /PRNewswire/ -- Hexagon Composites (OSE: HEX.OL), world leader in composite cylinder technology and related systems for storage and transportation of clean gaseous energy reported revenues of NOK 1 150 million for second quarter 2024 (Q2'23: 1 161 million). The reported EBITDA was NOK 137 million (Q2'23: 110 million), resulting in a 12% EBITDA margin (Q2'23: 9%). 

"The main highlight of the quarter was the substantial increase in EBITDA for the Group, reaching NOK 137 million, an improvement of 25%," says Jon Erik Engeset, Group CEO of Hexagon Composites. "On June 3 we sold Hexagon Ragasco, a proud member and important part of our Group for over 20 years, to Worthington Enterprises for an enterprise value of NOK 1 050 million. The transaction further sharpens Hexagon's focus on market leading solutions for alternative fuels and high-pressure industrial gases." 

OSLO, Norway, Aug. 13, 2024 /PRNewswire/ -- Hexagon Agility, a subsidiary of Hexagon Composites, has received orders for renewable natural gas (RNG) fuel systems from a major refuse fleet in North America. The orders have a total value of USD 18.7 million (approximately NOK 203 million).

"We are proud to enable this refuse fleet to achieve cost-effective, carbon-negative transportation without compromising their existing business operations," says Eric Bippus, EVP Sales & Systems Development, Hexagon Agility. "Refuse fleets face the challenge of heavy payloads and unique and demanding operating environments.  Making the switch to RNG offers fleets a proven and profitable option that reduces their carbon footprint - and provides a reliable and cost-effective solution for critical fleet operations."