Latest news with #HexagonPurus
Yahoo
16-06-2025
- Automotive
- Yahoo
Hexagon Purus signs new supply agreement with Hino Trucks and is set to explore options for the BVI segment
(Oslo, Norway, 16 June 2025) Hexagon Purus (the 'Company'), a world leading manufacturer of zero-emission mobility and infrastructure solutions, has signed a long-term agreement with Hino Trucks ('Hino') for production and supply of Class 6 & 7 battery electric straight trucks for the U.S. market. The truck is intended to carry the Hino brand and be made available for general sale through Hino's extensive network of authorized dealers from 2026. An initial series of prototype vehicles will be produced and delivered in Q4 2025. The vehicles will be based on Hino's chassis and upfitted with Hexagon Purus' proprietary zero-emission technology, including battery systems, auxiliary modules, and power modules. The class 6 & 7 straight truck will be using the same base technology and components as the Tern RC8 tractor, enabling strong synergies in terms of utilizing existing investments in product development and production capacity. 'We are very happy to expand our current relationship with Hino to also produce and deliver this new class 6 & 7 straight truck for the US market', says Todd Sloan, EVP, Battery Systems and Vehicle Integration at Hexagon Purus. 'This product will serve back-to-base operations in urban areas with high frequency of stop-and-go activity over shorter distances, making it an ideal battery-electric alternative for fleet operators. This product targets an attractive trucking segment and will complement Tern's existing city- and regional RC8 tractor'. As communicated in the Company's fourth quarter 2024 report, Hexagon Purus initiated a review of its overall business portfolio to secure the Company's cash runway to EBITDA and cash break even. To enable the Battery Systems and Vehicle Integration (BVI) division to fully leverage its growth potential following the supply agreement with Hino, the Company is initiating a structured process to generate and evaluate alternatives for this division. This could include, but is not limited to, inviting one or more partners into the BVI division or finding other structural solutions. Hexagon Purus has engaged ABG Sundal Collier ASA as financial advisor and Advokatfirmaet Schjødt AS as legal advisor. For more information Mathias Meidell, Investor Relations Director, Hexagon Purus Telephone: +47 909 82 242 | Salman Alam, CFO, Hexagon Purus Telephone: +47 476 12 713 | About Hino Hino Trucks manufactures, sells, and services a lineup of Class 4-8 commercial trucks in the United States. Hino Trucks is the premier heavy and medium duty nameplate in the United States with a product lineup that offers fully connected vehicles with low total cost of ownership, unmatched reliability and maneuverability and the most comprehensive bundle of standard features in the market. Headquartered in Novi, Michigan, Hino has a network of over 240 dealers nationwide committed to achieving excellence in the ultimate ownership experience. Learn more about Hino Trucks at or follow us on Facebook, LinkedIn, Twitter and YouTube. About Hexagon Purus Hexagon Purus enables zero emission mobility for a cleaner energy future. The company is a world leading provider of hydrogen Type 4 high-pressure cylinders and systems, battery systems and vehicle integration solutions for fuel cell electric and battery electric vehicles. Hexagon Purus' products are used in a variety of applications including light, medium and heavy-duty vehicles, buses, ground storage, distribution, refueling, maritime, rail and aerospace. Learn more at and follow Hexagon Purus on X and LinkedIn This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This information is considered to be inside information pursuant to the EU Market Abuse Regulation. This stock exchange announcement was published by Mathias Meidell, IR Director, Hexagon Purus ASA, on 16 June 2025 at 14:31 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-05-2025
- Business
- Yahoo
Hydrogen Tanks Market Forecast Report 2025-2030: Burgeoning Opportunities in Growing Adoption in Military and Defense Sectors, & Emergence of Lightweight Composite Material-based Hydrogen Tanks
As demand for green hydrogen rises, hydrogen tanks become crucial for storage in transportation, industrial, and power sectors. North America emerges as the third-largest market, with strong investment in infrastructure and clean energy. Above 500 bar pressure tanks are integral for high-demand applications like FCEVs. Major players like Worthington Enterprises and Hexagon Purus are leading innovation. The report details market drivers, challenges, product developments, and competitive strategies. Hydrogen Tanks Market Dublin, May 12, 2025 (GLOBE NEWSWIRE) -- The "Hydrogen Tanks Market by Tank Type (Type 1, Type 2, Type 3, Type 4), Material Type (Metal, Composite), Pressure (Below 250 Bar 250 to 500 Bar, Above 500 Bar), Application (Stationary Storage, Fuel Tank, Transportation), & Region - Global Forecast to 2030" has been added to offering. The hydrogen tanks market is set to soar, with an estimated valuation of USD 1.37 Billion in 2025, projected to reach USD 3.78 Billion by 2030, growing at a CAGR of 22.5% from 2025 to 2030. The report offers a thorough examination of growth influencers such as key drivers, constraints, challenges, and opportunities. It provides an in-depth analysis of industry players, detailing their business strategies, solutions, product launches, mergers, acquisitions, partnerships, and agreements. This extends to assessing the competitive landscape, aiding both market leaders and new entrants in formulating effective go-to-market strategies and understanding the market pulse. This surge is largely driven by the global pivot toward clean energy and the expanding green hydrogen economy. As governments and businesses emphasize sustainability and carbon reduction, hydrogen emerges as a premier solution for decarbonizing transportation, industrial, and power sectors. Its role as an efficient clean energy carrier is particularly pronounced in the push for green hydrogen storage solutions, spurring innovation and investments in high-pressure hydrogen tank storage techniques. Above 500 bar pressure hydrogen tanks hold significant market share. The demand for hydrogen tanks capable of withstanding pressures over 500 bar is substantial, especially given their role in high-demand applications like transportation and industry. As fuel cell electric vehicles (FCEVs) and heavy-duty applications such as buses and trucks become more prevalent, there's a pressing need for high-pressure tanks. Storing hydrogen at such pressures ensures a compact, energy-dense fuel source, crucial for ultra-long-range vehicles and industries with stringent standards. North America: A key region in the hydrogen tanks market. North America stands as the third largest regional market, propelled by heightened investments in hydrogen infrastructure and significant governmental support for clean energy initiatives. The US and Canada are leading advancements in hydrogen production, with their respective focuses on fuel cell vehicles and green hydrogen production. The region's robust automotive industry, with key players funneling investments into hydrogen fuel cell technologies, amplifies the demand for advanced hydrogen storage solutions. Key Insights Offered: Analysis of market drivers, including the rising demand for fuel cell electric vehicles and clean energy, along with challenges such as the high cost of composite-based tanks. Insights into upcoming technological innovations and service launches in the hydrogen tanks sector. Market development trends across regions, highlighting lucrative markets and investment opportunities. Comprehensive competitive assessment of key industry players, focusing on growth strategies and offerings. Key Attributes: Report Attribute Details No. of Pages 243 Forecast Period 2025 - 2030 Estimated Market Value (USD) in 2025 $1.37 Billion Forecasted Market Value (USD) by 2030 $3.78 Billion Compound Annual Growth Rate 22.5% Regions Covered Global Market Dynamics Drivers Growing Demand for Clean Energy Solutions Increasing Demand for Hydrogen Fuel-Cell Vehicles Growing Government Investments & Initiatives Restraints High Cost of Composite-based Tanks Safety Concerns and Regulations Opportunities Growing Adoption of Hydrogen Tanks in Military and Defense Sector Emergence of Lightweight Composite Material-based Hydrogen Tanks Challenges Lack of Hydrogen Refueling Stations Capital-Intensive Production Case Studies Swagelok and Luxfer Gas Cylinders Collaborated for Hydrogen Fuel Solutions Nproxx's Innovative Hydrogen Storage Solutions to Revolutionize Public Transportation Worthington Enterprises Partnered with Stokota to Design and Manufacture Compressed Hydrogen Transport Technology Company Profiles Worthington Enterprises Luxfer Gas Cylinders Hexagon Purus Quantum Fuel Systems LLC Faber Industrie S.P.A. Everest Kanto Cylinder Ltd. Beijing Tianhai Industry Co. Ltd. Composites Advanced Technologies, LLC (Catec Gases) Nproxx Tenaris Opmobility Umoe Advanced Composites Cimc Enric Holdings Limited Doosan Mobility Innovation Advanced Structural Technologies Bnh Gas Tanks Calvera Hydrogen Mahytec Steelhead Composites, Inc. Bayotech Ecs Composite Advanced Material Systems Co. Vako GmbH & Co. KG Alsafe Company Voith GmbH & Co. KGaA For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Hydrogen Tanks Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
12-05-2025
- Business
- Yahoo
Hydrogen Tanks Market Forecast Report 2025-2030: Burgeoning Opportunities in Growing Adoption in Military and Defense Sectors, & Emergence of Lightweight Composite Material-based Hydrogen Tanks
As demand for green hydrogen rises, hydrogen tanks become crucial for storage in transportation, industrial, and power sectors. North America emerges as the third-largest market, with strong investment in infrastructure and clean energy. Above 500 bar pressure tanks are integral for high-demand applications like FCEVs. Major players like Worthington Enterprises and Hexagon Purus are leading innovation. The report details market drivers, challenges, product developments, and competitive strategies. Hydrogen Tanks Market Dublin, May 12, 2025 (GLOBE NEWSWIRE) -- The "Hydrogen Tanks Market by Tank Type (Type 1, Type 2, Type 3, Type 4), Material Type (Metal, Composite), Pressure (Below 250 Bar 250 to 500 Bar, Above 500 Bar), Application (Stationary Storage, Fuel Tank, Transportation), & Region - Global Forecast to 2030" has been added to offering. The hydrogen tanks market is set to soar, with an estimated valuation of USD 1.37 Billion in 2025, projected to reach USD 3.78 Billion by 2030, growing at a CAGR of 22.5% from 2025 to 2030. The report offers a thorough examination of growth influencers such as key drivers, constraints, challenges, and opportunities. It provides an in-depth analysis of industry players, detailing their business strategies, solutions, product launches, mergers, acquisitions, partnerships, and agreements. This extends to assessing the competitive landscape, aiding both market leaders and new entrants in formulating effective go-to-market strategies and understanding the market pulse. This surge is largely driven by the global pivot toward clean energy and the expanding green hydrogen economy. As governments and businesses emphasize sustainability and carbon reduction, hydrogen emerges as a premier solution for decarbonizing transportation, industrial, and power sectors. Its role as an efficient clean energy carrier is particularly pronounced in the push for green hydrogen storage solutions, spurring innovation and investments in high-pressure hydrogen tank storage techniques. Above 500 bar pressure hydrogen tanks hold significant market share. The demand for hydrogen tanks capable of withstanding pressures over 500 bar is substantial, especially given their role in high-demand applications like transportation and industry. As fuel cell electric vehicles (FCEVs) and heavy-duty applications such as buses and trucks become more prevalent, there's a pressing need for high-pressure tanks. Storing hydrogen at such pressures ensures a compact, energy-dense fuel source, crucial for ultra-long-range vehicles and industries with stringent standards. North America: A key region in the hydrogen tanks market. North America stands as the third largest regional market, propelled by heightened investments in hydrogen infrastructure and significant governmental support for clean energy initiatives. The US and Canada are leading advancements in hydrogen production, with their respective focuses on fuel cell vehicles and green hydrogen production. The region's robust automotive industry, with key players funneling investments into hydrogen fuel cell technologies, amplifies the demand for advanced hydrogen storage solutions. Key Insights Offered: Analysis of market drivers, including the rising demand for fuel cell electric vehicles and clean energy, along with challenges such as the high cost of composite-based tanks. Insights into upcoming technological innovations and service launches in the hydrogen tanks sector. Market development trends across regions, highlighting lucrative markets and investment opportunities. Comprehensive competitive assessment of key industry players, focusing on growth strategies and offerings. Key Attributes: Report Attribute Details No. of Pages 243 Forecast Period 2025 - 2030 Estimated Market Value (USD) in 2025 $1.37 Billion Forecasted Market Value (USD) by 2030 $3.78 Billion Compound Annual Growth Rate 22.5% Regions Covered Global Market Dynamics Drivers Growing Demand for Clean Energy Solutions Increasing Demand for Hydrogen Fuel-Cell Vehicles Growing Government Investments & Initiatives Restraints High Cost of Composite-based Tanks Safety Concerns and Regulations Opportunities Growing Adoption of Hydrogen Tanks in Military and Defense Sector Emergence of Lightweight Composite Material-based Hydrogen Tanks Challenges Lack of Hydrogen Refueling Stations Capital-Intensive Production Case Studies Swagelok and Luxfer Gas Cylinders Collaborated for Hydrogen Fuel Solutions Nproxx's Innovative Hydrogen Storage Solutions to Revolutionize Public Transportation Worthington Enterprises Partnered with Stokota to Design and Manufacture Compressed Hydrogen Transport Technology Company Profiles Worthington Enterprises Luxfer Gas Cylinders Hexagon Purus Quantum Fuel Systems LLC Faber Industrie S.P.A. Everest Kanto Cylinder Ltd. Beijing Tianhai Industry Co. Ltd. Composites Advanced Technologies, LLC (Catec Gases) Nproxx Tenaris Opmobility Umoe Advanced Composites Cimc Enric Holdings Limited Doosan Mobility Innovation Advanced Structural Technologies Bnh Gas Tanks Calvera Hydrogen Mahytec Steelhead Composites, Inc. Bayotech Ecs Composite Advanced Material Systems Co. Vako GmbH & Co. KG Alsafe Company Voith GmbH & Co. KGaA For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Hydrogen Tanks Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-05-2025
- Business
- Yahoo
Hexagon Purus ASA: Results for the first quarter 2025
Key developments in Q1 2025 and after balance sheet date: Quarterly revenue of NOK 230 million in the first quarter of 2025, 44% lower compared to same quarter last year; EBITDA of NOK -242 million in the first quarter of 2025, compared to NOK -97 million in the same period last year. EBITDA in the quarter was negatively affected by approximately NOK 65 million of restructuring costs and other non-recurring items; Received first orders from Egyptian company MCV for delivery of hydrogen fuel storage systems for FCEV buses targeted for the European public transportation market; Signed multi-year agreement with Stadler for delivery of hydrogen fuel storage systems for hydrogen rail applications in California; CIMC-Hexagon, the Company's joint venture in China, produced its first commercial hydrogen cylinders in its facility in Shijiazhuang intended for the European market; Exited the quarter with order backlog consisting of firm purchase orders of NOK 792 million. 'The start of 2025 has been challenging for Hexagon Purus, for the renewables sector and for zero-emission mobility. We entered the quarter with an uncertain demand outlook and a market sentiment that had weakened significantly following the US presidential election. The subsequent announcement of a shift in policy from the new US administration has added new challenges into the mix, both on the geopolitical front and on the global trade arena.', says Morten Holum, CEO of Hexagon Purus. 'With continued demand uncertainty, we are taking additional measures to reduce our cost base to enable profitability at lower volume and to extend the cash runway towards EBITDA and cash flow break even'. Hexagon Purus Q1 2025 consolidated financials In the first quarter of 2025, Hexagon Purus ('the Company' or 'the Group') generated revenue of NOK 230 million, down 44% compared to the corresponding period in 2024. The main reason for the revenue decline was significantly lower activity in the hydrogen infrastructure and hydrogen heavy-duty mobility application areas, partly offset by higher revenue from hydrogen transit bus and for the Battery Systems and Vehicle Integration (BVI) business unit. Total operating expenses in the first quarter of 2025 ended at NOK 472 (504) million, leading to an operating profit before depreciation (EBITDA) of NOK -242 (-97) million, equivalent to an EBITDA margin of -105% (-24%). In total, restructuring costs and other non-recurring items amounted to approximately NOK 65 million in the quarter. Adjusting for these non-recurring items, EBITDA was NOK -177 million, equivalent to -77% margin. Total assets at the end of the first quarter of 2025 amounted to NOK 4,503 (4,832) million. Compared to year-end 2024 and the same quarter last year, the NOK strengthened against the USD and EUR by 7% and 3% respectively, translating to lower balance sheet values in NOK terms. Inventory amounted to NOK 658 (577) million as of the end of the first quarter of 2025, and the majority of inventory consists of raw materials and items in work-in-progress. Trade receivables decreased sequentially in the first quarter of 2025 to NOK 275 (359) million. Total equity was NOK 1,676 (2,085) million as per the first quarter of 2025, equal to an equity ratio of 37% (43%). The increase in non-current liabilities to NOK 2,174 (1,989) million is mainly driven by non-cash interest added to the principal of the two outstanding convertible bonds. Total current liabilities stood at 653 (758) million at the end of the first quarter of 2025, of which trade payables made up NOK 188 (243) million and which was sequentially down compared to the fourth quarter of 2024. Net cash flow from operating activities in the first quarter of 2025 was NOK -183 (-211) million. Release of working capital amounted to NOK 45 (-109) million in the quarter, driven by a reduction in inventory and accounts receivables, which was partly offset by a reduction in trade payables. Net cash flow from investing activities was NOK -35 (-132) million in the first quarter of 2025, of which NOK 28 (130) million relates to investments in production equipment and facilities and is mainly spill-over items from 2024 related to the Company's capacity expansion program. Capitalized product development was NOK 13 (4) million in the first quarter of 2025, and capital injections to CIMC Hexagon Hydrogen Energy Systems Ltd., was NOK 2 (0) million. Interest received on bank deposits in the first quarter of 2025 was NOK 8 (6) million. Cash and cash equivalents ended at NOK 794 (965) million as of the first quarter of 2025. Hydrogen Mobility and Infrastructure (HMI) Revenue for the HMI segment in the first quarter of 2025 was NOK 204 million, down 47% compared to the corresponding period last year. The decline in revenue is primarily owed to lower activity in hydrogen infrastructure and heavy-duty hydrogen mobility, which is only partially offset by higher year-over-year revenue from the hydrogen transit bus segment. Revenue-mix wise, 21% (57%) of the HMI segment revenue in the first quarter of 2025 stemmed from hydrogen infrastructure solutions and amounted to NOK 42 (220) million, down 81% year-over-year. Within hydrogen infrastructure solutions, hydrogen distribution solutions made up most of the revenue in the quarter. EBITDA for the HMI segment in the first quarter of 2025 ended at NOK -143 (-16) million, equivalent to an EBITDA margin of -70% (-4%) as the sharp decline in revenue reduced the segment's ability to absorb its fixed costs combined with a less profitable product mix. Restructuring costs related to the cost cutting program announced in February amounted to approximately NOK 38 million, and bad debt expense of approximately NOK 16 million related to two insolvent customers was also recognized during the quarter. Historical segment financials are made available on together with Q1 2025 report and presentation. Battery Systems and Vehicle Integration (BVI) Revenue for the BVI segment in the first quarter of 2025 was NOK 25 (19) million. The 35% year-over-year revenue growth was mainly driven by vehicle deliveries of the Tern RC8 to Hino as well as deliveries of battery systems to Toyota Motors North America. In the same quarter last year revenue was mainly made up of an extraordinary payment from an OEM customer for design and engineering services without any corresponding costs in the quarter. BVI segment EBITDA ended at NOK -54 (-25) million in the first quarter of 2025. Restructuring costs related to the cost cutting program announced in February for the BVI segment amounted to approximately NOK 4 million. Additionally, an inventory write-down of NOK 6 million was made during the quarter. Historical segment financials are made available on together with Q1 2025 report and presentation. Outlook Hexagon Purus has for a while been operating in an environment with high uncertainty. The recent changes and volatility in US policy and the international trade environment has further negatively impacted the near-term outlook. The Company has a well-diversified customer base and core technologies that are applicable to a wide range of end-use applications at varying stages of maturity. As evidenced by recent contract announcements, commercial momentum for hydrogen transit bus in Europe remains strong combined with selective wins in other end-use applications such as rail and aerospace. Incoming order activity for the hydrogen infrastructure business picked up in the first quarter of 2025 compared to the end of 2024, and revenue from hydrogen infrastructure is expected to increase in the second half of the year. However, looking at full-year 2025, revenue from hydrogen infrastructure solutions is expected to be significantly down year-over-year. The US Hino dealer network continues to market the Tern branded truck towards its customers in the US, and initial customer feedback has been positive. Although the current political climate in the US has dampened the ramp-up curve for the Hino program, the Company is still expecting the BVI segment to grow its revenue significantly year-over-year for the full-year 2025. The Company remains focused on reducing costs to enable profitability at lower volumes and is at the same time continuing to review its business portfolio. These initiatives are aimed at making the current cash balance last until the Company reaches EBITDA and cash break-even. Presentation of the results Hexagon Purus will present the Q1 2025 results today, 6 May, at 08:30 CET and the presentation will be broadcast live via The presentation will be held in English and will be virtual. A recording of the presentation will be made available on For more information: Mathias Meidell, IR Director, Hexagon Purus ASA Telephone: +47 909 82 242 | Salman Alam, CFO, Hexagon Purus ASA Telephone: +47 476 12 713 | About Hexagon Purus ASA Hexagon Purus enables zero emission mobility for a cleaner energy future. The company is a world leading provider of hydrogen Type 4 high-pressure cylinders and systems, battery systems and vehicle integration solutions for fuel cell electric and battery electric vehicles. Hexagon Purus' products are used in a variety of applications including light, medium and heavy-duty vehicles, buses, ground storage, distribution, refueling, maritime, rail and aerospace. Learn more at and follow @HexagonPurus on X and LinkedIn. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Attachments HPUR Q1 2025 Report HPUR Q1 2025 Presentation
Yahoo
07-04-2025
- Business
- Yahoo
CIMC-Hexagon Delivers First Type IV High-Pressure Hydrogen Cylinders to Europe
(7 April 2025, Hong Kong/Oslo) CIMC-Hexagon, a joint venture company of CIMC Enric Holdings Limited and Hexagon Purus producing hydrogen cylinder and systems solutions for mobility and infrastructure applications in China and Southeast Asia, has delivered its first batch of Type IV high-pressure hydrogen cylinders for use in Hexagon Purus' hydrogen distribution modules in Europe. CIMC-Hexagon has obtained European TPED (Transportable Pressure Equipment Directive) certification allowing for delivery of hydrogen storage solutions to the European market. Consequently, the newly completed cylinder manufacturing facility in Shijiazhuang is now ramping up with production of 380 bar distribution cylinders intended for customers in Europe. This initial ramp-up phase is an important step in achieving certification for Type IV high-pressure hydrogen cylinders for the domestic Chinese market. Expanding Type IV cylinder technology in China and Southeast Asia Type IV hydrogen storage vessels are characterized by lightweight design, high pressure tolerance, superior hydrogen storage density, corrosion resistance, and extended lifespan, making it the preferred hydrogen technology for bulk hauling and onboard storage in mobility applications. The Chinese market has relied predominantly on Type III cylinder technology for storage of hydrogen onboard mobility applications. In June 2024, China officially implemented domestic production standards for Type IV cylinders, enabling localized manufacturing and sales, which will accelerate the commercialization of Type IV cylinder technology. CIMC-Hexagon is currently going through the process to achieve Chinese certification and to scale up production to meet the growing demand in China and Southeast Asia. Li Hui, General Manager of CIMC-Hexagon, said: "To address the rapidly growing market demand for Type IV cylinder technology, we are building robust production and service capabilities for China and Southeast Asia. The delivery of these hydrogen cylinders to Europe is a critical step to develop local certification in China as well as ramping up production capacity'. Xu Yongsheng, President of Hydrogen Business Center of CIMC Enric, said: 'China is targeting global leadership in hydrogen technologies, creating attractive opportunities for both hydrogen distribution and mobility applications. We are looking forward to CIMC-Hexagon continuing to develop a competitive offering for China and Southeast Asia'. Michael Kleschinski, EVP, Hydrogen Mobility and Infrastructure at Hexagon Purus, said: 'China is an attractive market for Hexagon Purus, and we have a great partnership with CIMC Enric. We are very satisfied with reaching the milestone of ramping up cylinder production, an important step in the direction of getting necessary approvals in China'. About CIMC Enric Holdings Limited Founded in 2004, CIMC Enric Holdings Limited has been listed on the Stock Exchange of Hong Kong since 2005. The Company is affiliated with China International Marine Vessel (Group) Ltd. ("CIMC") and is principally engaged in the transportation, storage and processing equipment that is widely used for the clean energy, chemical environmental, and liquid food industries. CIMC Enric has been a leading integrated clean energy service provider and key equipment manufacturer in the industry. The Company is among the world's top players in high-pressure gas storage and transport vehicles. It is among China's top players in the market of cryogenic transport vehicles and cryogenic storage tanks and one of the top three in terms of domestic market shares for large storage tanks for LNG receiving stations and modular products for LNG refueling stations. CIMC Enric has built a global marketing network and owns over 20 subsidiaries located in China, the Netherlands, Germany, Belgium, the United Kingdom and Canada that operate production bases and internationally advanced R&D centers. For more information, please visit For inquiries, please contact CIMC Enric Holdings Limited Alice Li Tel: (86) 199 2458 1638 Email: lishen@ Skye Fang Tel: (86) 136 7241 1172 Email: For inquiries, please contact LBS Communications Consulting Limited Joanne Chan: Tel: (852) 9616 2676; Email: jchan@ Anita Tan: Tel: (852) 2382 0831; Email: wlau@ About Hexagon Purus Hexagon Purus enables zero emission mobility for a cleaner energy future. The company is a world leading provider of hydrogen Type 4 high-pressure cylinders and systems, battery systems and vehicle integration solutions for fuel cell electric and battery electric vehicles. Hexagon Purus' products are used in a variety of applications including light, medium and heavy-duty vehicles, buses, ground storage, distribution, refueling, maritime, rail and aerospace. Learn more at and follow @HexagonPurus on Twitter and LinkedIn. For inquiries, please contact Hexagon Purus Salman Alam Tel: (47) 476 12 713; Email: Mathias Meidell: Tel: (47) 909 82 242; Email: in to access your portfolio
