Hexagon Composites signs Letter of Intent with Nel and PowerCell

Hexagon Composites signs Letter of Intent with Nel and PowerCell

ID: 518620

(Thomson Reuters ONE) -


Hexagon Composites ASA (OSE:HEX) has signed a Letter of Intent (LoI) with Nel
ASA and PowerCell Sweden AB to establish an equally owned joint venture to
pursue hydrogen opportunities. The Parties aim at leveraging their respective
capabilities and technologies to offer integrated solutions. The joint venture
will initially focus on opportunities in the maritime and marine segments as
well as projects to leverage renewable energy resources.

"This is an important step in our commitment to develop clean energy
alternatives," says Jon Erik Engeset, CEO of Hexagon Composites. "By creating a
one-stop-shop for our customers, we will be able to integrate hydrogen
technologies and support the customers' project management."


For more information:
Jon Erik Engeset, CEO, Hexagon Composites ASA
Telephone: +47 916 30 550 | jon.erik.engeset(at)hexagon.no

Solveig D Saether, Communication Manager, Hexagon Composites ASA
Telephone: +47 906 34 977 | solveig.saether(at)hexagon.no

About Hexagon Composites ASA
Hexagon Composites ASA is a publicly listed company with its headquarters in
Aalesund, Norway. The Group is a leading global supplier of composite pressure
cylinders and systems for storage and transportation of various gases.
For additional information, please visit: www.hexagon.no

About Nel ASA
Nel ASA is a global, dedicated hydrogen company, delivering optimal solutions to
produce, store and distribute hydrogen from renewable energy. Nel serves
industries, energy and gas companies with leading hydrogen technology.
For additional information, please visit: www.nelhydrogen.com

About PowerCell Sweden AB
PowerCell Sweden AB (publ) is the leading fuel cell company in the Nordics,
which develops and produces environmentally friendly power systems for
stationary and mobile customer applications. PowerCell Sweden AB (publ) is




listed on First North at Nasdaq Stockholm and is an industrial spinout from the
Volvo Group. G&W Fondkommission is appointed Certified Adviser by the Company.
Among the largest owners are Midroc New Technology, Fouriertransform, Finindus
and Volvo Group Venture Capital.
For additional information, please visit: www.powercell.se

This information is subject to the disclosure requirements pursuant to section
5 -12 of the Norwegian Securities Trading Act.



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Hexagon Composites ASA via GlobeNewswire




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Bereitgestellt von Benutzer: hugin
Datum: 19.01.2017 - 08:45 Uhr
Sprache: Deutsch
News-ID 518620
Anzahl Zeichen: 2980

contact information:
Town:

Ã…lesund



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Business News



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