Hexagon Composites extends long-term agreement with New Flyer Industries
(Thomson Reuters ONE) -
Hexagon Composites' wholly owned subsidiary Hexagon Lincoln continues its
prominent position in the North American transit bus market by signing a long-
term agreement with one of its key customers, New Flyer Industries.
The overwhelming majority of CNG (Compressed Natural Gas) transit buses in North
America use Type 4 fuel tanks produced by Hexagon Composites. Demand for these
vehicles continues to grow as they play an important role in lowering emissions
and particulates in urban areas. This agreement affirms the Company's position
as the leading supplier of fuel tanks to this market.
"Our companies have a 20 year history of working together. We are pleased to
have Hexagon Composites as our preferred supplier for CNG tanks and ancillary
products. We are working together to implement new technologies to improve the
value proposition for our customers," says Raul Ramirez, Director of Strategic
Sourcing, New Flyer Industries.
"Our team is providing valuable support to help engineer a more efficient system
with new product offerings for these vehicles," says Chet Dawes, Vice President
of CNG Automotive Products, Hexagon Composites. "This agreement is a reflection
of the dedication and long-term collaboration between our companies."
The multiyear agreement presents an estimated overall delivery value of USD 45
million (approximately NOK 380 million).
For more information:
Chet Dawes, Vice President CNG Automotive Products, Hexagon Lincoln, Inc.
Telephone: +1 402 470 5015 | chet.dawes(at)hexagonlincoln.com
Solveig D Saether, Communication Manager, Hexagon Composites ASA
Telephone: +47 906 34 977 | solveig.saether(at)hexagon.no
Hexagon Composites ASA is a publicly listed company with its headquarters in
Ålesund, Norway. The Group develops and produces composite cylinders for the
storage and transport of various gases under pressure.
www.hexagon.no
Twitter: (at)Tuffshell and (at)HexagonASA
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Hexagon Composites ASA via GlobeNewswire
[HUG#1989158]
Unternehmensinformation / Kurzprofil:
Datum: 25.02.2016 - 08:30 Uhr
Sprache: Deutsch
News-ID 453203
Anzahl Zeichen: 2854
contact information:
Town:
Ã…lesund
Kategorie:
Business News
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"Hexagon Composites extends long-term agreement with New Flyer Industries"
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