2 January 2023: Hexagon Digital Wave will deliver a UE7 Ultrasonic Examination (UE) machine to CP Industries. UE machines have traditionally been used to perform periodic requalification of metallic pressure vessels, as prescribed by the US Department of Transportation, Transport Canada, and the International Organization for Standardization (ISO). CP Industries will utilize its UE7 to verify the integrity of their manufacturing process for Type 1 steel cylinders, commonly used in steel tube trailers. The UE7 is the largest machine in Hexagon Digital Wave’s UE portfolio, capable of testing cylinders up to 40 feet in length. This represents a new market segment for Hexagon Digital Wave’s UE technology.
Driving Energy Transformation “We are excited to help CP Industries in their continued commitment to provide top of the line Type 1 steel cylinders to the market,” says Melissa Holler, President of Hexagon Digital Wave. “This machine represents another avenue for Hexagon Digital Wave to help deliver safety to the compressed gas industry.”
“The investment we made in the UE7 machine will be a game changer for us. The new set up will allow us to be much more efficient in key aspects of our inspection and testing processes. CP Industries is always looking to improve efficiencies and the team at Hexagon Digital Wave brought us a solution that will make us a better supplier immediately,” says Tom Kairys, VP of Sales and Marketing from CP Industries.
About the market Ultrasonic Examination (UE) uses advanced electronics and sensors that assess the structural integrity of high-pressure metallic cylinders for overall safety. Hexagon Digital Wave has been the market leader for nearly two decades in UE solutions for the periodic testing of high-pressure seamless metallic cylinders. UE allows customers to test their cylinders without venting the gaseous contents. This has a number of positive impacts to both the environment and the customer.
As of December 2022, 165 Hexagon Digital Wave UE machines were in use throughout the globe for inspection of high-pressure metallic vessels. This is in accordance with DOT Special Permits 14206 and 14149 and Equivalency Certificate SU-10112.
Timing The UE7 machine, completed at year- end 2022, will be shipped to CP Industries in January 2023.
JAM_JOYCE
: Hexagon Agility receives new order from CORE Autom
ated Fueling Solutions for Mobile Pipeline® TITAN modules to displace diesel with natural gas
23 January 2023: Hexagon Agility, a business of Hexagon Composites, has received a new order from Permian Global, Inc. d/b/a CORE Automated Fueling Solutions and CORE Natural Gas (CORE), to deliver industry leading Mobile Pipeline® TITAN modules to accelerate the adoption of natural gas in the energy sector. CORE is a leading provider of compressed natural gas (CNG) fueling solutions in West Texas.
This order has an estimated value of USD 4.7 million (approx. NOK 46 million).
Decarbonizing energy production with natural gas
“CORE is working diligently to meet escalating customer demand for reliable, safe, and low carbon energy. Our ongoing partnership with Hexagon has helped us build one of the largest fleets in West Texas that can deliver CNG to our customers in the region. The TITAN trailers have proven very reliable and are the backbone of our fleet. These additional units will increase our network capacity and ensure that our customers continue to receive exceptional service from CORE,” said Brent Bruner, Senior Vice President of Natural Gas and Manufacturing, CORE.
Now with over 10 years of continuous innovation, TITAN products lead the industry with more units in global service than any other brand and offer the highest gas capacity available under 80,000 gross vehicle weight. TITAN modules employ the largest composite cylinder in the world, greatly reducing plumbing complexity and maximizing uptime reliability.
“The energy sector is critical to jobs, the economy, and the environment. It’s exciting to see the industry investing in decarbonizing solutions and they couldn’t do it without companies like CORE, that deliver safe and reliable fueling solutions.” said Miguel Raimao, Vice President of Mobile Pipeline, Hexagon Agility. “We’re proud to be selected as a strategic supplier as CORE continues its mission to provide cost effective and clean natural gas to its customers.”
28 January 2023: As previously disclosed, Hexagon Agility®, a business of Hexagon Composites, signed a multi-year agreement in March 2021 with Certarus, a leading full-service provider of bulk gas transport, to supply newly designed TITAN 450 Mobile Pipeline® modules. Hexagon Agility’s TITAN 450 modules represent the next generation of gas distribution modules and will be used to transport compressed and renewable natural gas (CNG/RNG) throughout North America.
Under this agreement, Hexagon Agility has received a new USD 25.6 million (approx. NOK 253 million) order representing the inaugural order of Hexagon Agility’s new TITAN 450 modules.
Timing
The new TITAN 450 modules will be produced at Hexagon Agility’s facility in Lincoln, Nebraska and are expected to be delivered in the third quarter of 2023.
https://hexagongroup.com/news/...n-composites-asa-fourth-quarter-2022 16 February 2023: Hexagon (excluding Hexagon Purus) delivered topline growth in all business areas with revenues totaling NOK 1 276 (1 013) million and operating profit before depreciation (EBITDA) totaling NOK 105 (113) million in fourth quarter 2022.
In the fourth quarter 2022, Hexagon Purus generated NOK 372 (259) million in revenues and recorded an EBITDA of NOK -110 (-61) million. Revenue growth was particularly strong in the hydrogen distribution segment. Hexagon Purus remains fully consolidated in the Hexagon Group accounts, with Hexagon Composites currently retaining 73% ownership.
Hexagon Group, including Hexagon Purus, generated NOK 1 493 (1 187) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK -11 (51) million.
“Fourth quarter was a strong finish to a challenging year with all time high revenues in all business areas, resulting in 26% year-over-year growth,” says Jon Erik Engeset, CEO of Hexagon Group. “High input costs continue to weigh on the profit margins, however, the pricing and profitability initiatives we established in 2022 are expected to result in gradual margin improvements in 2023.”
For 2022, Hexagon (excluding Hexagon Purus) generated NOK 4 303 (3 278) million in revenues, representing 31 % growth. EBITDA year-to-date was NOK 347 (381) million, resulting in an EBITDA margin of 8% (12%). Hexagon Purus delivered 2022 revenues of NOK 964 (508) million, well above its full year revenue target of NOK 900 million.
The demand across most segments continues to be healthy. Ongoing developments in regulations and changes in industry dynamics are expected to support significant long-term clean energy technology opportunities. Hexagon’s diversified portfolio and extensive industrial track record, provide a resilient platform for the future.
JAM_JOYCE
: Presentation of the results today at 08:30 am CET
Jon Erik Engeset (CEO) and David Bandele (CFO) will present the results at 08:30 am today in Oslo. The presentation will be held in the Auditorium at Hexagon's location in Oslo, Haakon VIIs gate 2, on the lower level. If you would like to attend the presentation, please pre-register by emailing ir@hexagongroup.com, alternatively register upon arrival.
JAM_JOYCE
: Trayecto, the largest trucking company in Mexico e
xpands its natural gas truck fleet with Hexagon Agility’s fuel systems
https://hexagongroup.com/news/...t-with-hexagon-agilitys-fuel-systems Costa Mesa, CA, 15 February 2023: Hexagon Agility, a world-leading provider of renewable and compressed natural gas (RNG/CNG) transportation solutions, announced today that Trayecto, the largest cargo trucking company in Mexico, has ordered additional KenMex compressed natural gas (CNG) powered trucks with Hexagon Agility’s best-in-class ProCab® 175 diesel gallon equivalent (DGE) and ProRail® 30 DGE fuel systems.
Transportation is responsible for almost 20% of annual CO2 emissions globally. Reduction in fleet emissions is urgent. Hexagon Agility’s best-in-class ProCab 175 and ProRail 30 CNG fuel systems with integrated Blue iQ® provide a driving range on par with counterpart diesel trucks, enabling Trayecto to utilize CNG, and obtain its environmental benefits, without sacrificing performance. With more than 70,000 vehicles on the road globally and over 30 years of experience, our priority has always been and remains to develop and deliver world class solutions that meet today’s day and sleeper cab operational needs.
“We are dedicated to helping our customers make the transition to clean fuels, ensuring reliability and cost savings in mission-critical fleet operations,” said Eric Bippus, Hexagon Agility’s Senior Vice President of Global Sales and Marketing. “Grupo Transportes Monterrey is a long-time customer of ours and we are excited to continue our partnership with Trayecto as they leverage the benefits of CNG to improve the sustainability of their fleet operations.”
Prior to this order, Trayecto had been operating over 300 CNG tractors in its fleet of 4,000 trucks throughout Latin America. Trayecto was recently formed when Alianza Trayecto, Grupo Larmex and Grupo Transportes Monterrey merged to further strategic collaboration in the transport sector. Today, ten percent of its fleet runs on CNG with commitment to further replace diesel tractors with new CNG tractors equipped with Hexagon Agility’s fuel systems.
“Our goal is to address the challenge of decarbonization and implement technologies like natural gas where it makes sense,” said Jorge Casares, CEO of Trayecto. “Hexagon Agility has been instrumental over the last decade helping Grupo Transportes Monterrey transition diesel trucks to reduce our carbon footprint with natural gas. We value our partnership and look forward to many years of delivering safe and reliable transportation throughout Latin America.”
Selbst kleinste Downs werden bereits seit drei Wochen konsequent entgegen dem fallenden Markt weggekauft. Schon aussergewöhnlich, wenn man bedenkt, dass andere Wasserstoff-Player derzeit extrem unter Druck stehen. Ich könnte wetten, dass sich hier eine größere Adresse eindeckt...
Immer noch ein Trauerspiel mit der Profitabilität. Die Hexagon-Gruppe (einschließlich Hexagon Purus) erwirtschaftete im ersten Quartal 2023 einen Umsatz von 1.261 (1.016) Mio. NOK und verzeichnete einen Betriebsgewinn vor Abschreibungen (EBITDA) von -29 (-9) Mio. NOK. https://www.ariva.de/news/...mposites-asa-first-quarter-2023-10674432
Hexagon Composites ASA: Empfehlung des Vorstands, Hexagon Purus-Aktien als Dividende zu verteilen und Ankündigung der außerordentlichen Hauptversammlung 07. Juni 2023 - Börsenveröffentlichung 7. Juni 2023: Der Verwaltungsrat von Hexagon Composites ASA ("Hexagon Composites" oder das "Unternehmen") fordert eine außerordentliche Generalversammlung ("EGM") am 28. Juni 2023, bei der der Verwaltungsrat die Genehmigung beantragt, bis zu 25% der gesamten ausstehenden Aktien von Hexagon Purus ASA ("Hexagon Purus") als Sachdividende an seine Aktionäre zu verteilen. Infolge der Aktienverteilung und vorbehaltlich der endgültigen EGM-Genehmigung wird das Eigentum von Hexagon Composites erheblich abnehmen, und das Unternehmen wird ein nicht beherrschendes Eigentum an Hexagon Purus übernehmen. Der EGM-Hinweis ist als separates Dokument beigefügt.
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