Hexagon Composites receives new order for Hydrogen transport cylinders
(Thomson Reuters ONE) -
Hexagon Composites' newly acquired subsidiary, xperion Energy & Environment, has
received a substantial order for hydrogen high-pressure cylinders from Air
Products GmbH in Germany. The X-STORE® high-pressure cylinders will be used in
trailers for transportation of hydrogen to German industrial customers by Air
Products.
"We are proud to enter into a business relationship with Air Products, one of
the leading hydrogen providers in the market," says Hartmut Fehrenbach, Business
Unit Director of Mobile Pipeline® at xperion Energy & Environment. "While there
is still a considerable fleet of Type 1 steel trailers in the European
transportation market, we observe a tendency for Type 4 composite solutions
successively replacing steel. This confirms that our Type 4 cylinders are the
preferred alternative to traditional steel cylinders in terms of weight, safety
and design."
"We are always looking to implement innovative technologies to improve the value
proposition to our customers. By introducing sustainable lightweight composite
solutions to our transportation fleet, we continue to meet stringent
environmental and safety standards and improve our own operational practices,"
says Thomas Hollad, Bulk Transport Manager Northern Continent at Air Products.
"We are pleased to have xperion as one of our preferred suppliers for hydrogen
transport cylinders."
Deliveries are scheduled to commence by the end of first quarter and through
second quarter of 2017.
With this delivery of the X-STORE® Type 4 hydrogen cylinders, the Hexagon
Composites Group is strengthening its position in the hydrogen transportation
market. The Group has established a strong position in the European hydrogen
transport market and has previously delivered mobile transport modules and
transport cylinders to multiple leading hydrogen distributors.
For more information:
Solveig D Saether, Communication Manager, Hexagon Composites ASA
Telephone: +47 906 34 977 | solveig.saether(at)hexagon.no
About Air Products
Air Products (NYSE:APD) is a world-leading Industrial Gases company in operation
for over 75 years. The Company's core industrial gases business provides
atmospheric and process gases and related equipment to manufacturing markets,
including refining and petrochemical, metals, electronics, and food and
beverage. Air Products is also the world's leading supplier of liquefied natural
gas process technology and equipment.
The Company had fiscal 2016 sales of $7.5 billion from continuing operations in
50 countries and has a current market capitalization of approximately $30
billion. Approximately 16,000 employees are making Air Products the world's
safest and best performing industrial gases company, providing sustainable
offerings and excellent service to all customers. For more information, visit
www.airproducts.com
About Hexagon Composites Group
Hexagon Composites ASA (OSE:HEX) is a publicly listed company with its
headquarters in Aalesund, Norway. It operates some of the world's most advanced
facilities for designing, testing and manufacturing of all-composite cylinders
and systems for gas applications.
In October 2016, Hexagon Composites acquired xperion Energy & Environment in
Germany to strengthen its position in the global composite pressure cylinder and
systems market. xperion Energy & Environment, headquartered in Kassel, Germany,
is a leading manufacturer of Type 4 high pressure cylinders for the automotive
industry and gas transportation.
For more information, please visit www.hexagon.no
Follow us on Twitter: (at)HexagonASA
This information is subject to the disclosure requirements pursuant to section
5 -12 of the Norwegian Securities Trading Act.
Illustration xperion Mobile Pipeline solution:
http://hugin.info/132600/R/2088125/788209.pdf
Hexagon receives new order for Hydrogen transport cylinders:
http://hugin.info/132600/R/2088125/788160.pdf
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
Unternehmensinformation / Kurzprofil:
Datum: 16.03.2017 - 08:33 Uhr
Sprache: Deutsch
News-ID 530568
Anzahl Zeichen: 4902
contact information:
Town:
Ã…lesund
Kategorie:
Business News
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