Automotive company commits to Hexagon Composites as supplier to fuel-cell electric vehicles


12.06.18 08:05
Meldung
 
Automotive company commits to <strong>Hexagon Comp</strong>osites as supplier to fuel-cell electric vehicles

Hexagon Composites will supply compressed hydrogen tanks for serial production of fuel cell electric vehicles (FCEV) to be launched by an automotive OEM.



Hexagon is currently developing the tanks to support anticipated production activities as early as 2020. Production is planned to run for at least five years. Hexagon estimates the combined value for development and serial production to be in the range of USD 120 to 150 million (approximately NOK 1.0 billion to 1.2 billion).



"This is a strategically important customer contract fulfilment for Hexagon and the growing FCEV industry. Hexagon Composites is committed to investing significant resources into the success of these projects and for the adoption of Hydrogen in combination with fuel-cell technology as a low-carbon alternative fuel for mobility applications. An award of this size signals the vast long-term potential of this market. Maintaining market leadership based on our integrity, attention to safety and delivering to customer specifications are key focal points for the Company. This selection confirms our leading position as a light-duty hydrogen tank developer for the FCEV industry. The project leverages Hexagon's global footprint in Nebraska, Ohio and Kassel, Germany", said Rick Rashilla, Senior Vice President of Hexagon Composites' Hydrogen Automotive business.



"Hexagon has been actively supported in the process by Mitsui & Co. Ltd., our strategic alliance partner. This is a good example of the benefits of the alliance between the two companies in terms of increasing our global reach", said Jack Schimenti, Executive Vice President of Hexagon Composites ASA.



Hydrogen is a clean and safe energy carrier that can be used as fuel for power in a wide range of applications, and can be easily stored on a large scale. The life cycling properties of all-composite pressure cylinders, with plastic liners and carbon fiber structure, make them more suitable for storage of hydrogen than metal lined alternatives.

For more information:

Rick Rashilla, Senior Vice President, Hydrogen Automotive

Telephone: +1 402 470 4038 | rick.rashilla@hexagonlincoln.com

David Bandele, CFO, Hexagon Composites ASA

Telephone: +47 920 91 483 | david.bandele@hexagon.no

Solveig D Saether, Communication Manager, Hexagon Composites ASA

Telephone: +47 906 34 977 | solveig.saether@hexagon.no

About Hexagon Composites ASA

Hexagon Composites delivers safe and innovative solutions for a cleaner energy future. We are adapting our leading composite pressure vessel technology for a wide range of mobility and storage applications.

For more information, please visit www.hexagon.no

Follow us on Twitter: @HexagonASA

The information included in this Stock Exchange Release (SER) contains certain forward-looking statements relating to the Company's estimated revenue projections and start of production date which can vary according to prevailing market conditions and other factors. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words "believes", expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. The forward-looking statements contained in this SER, including assumptions, opinions and views of the Company or cited from third party sources are solely opinions and forecasts which are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. None of the Company or its advisors or any of their parent or subsidiary undertakings or any such person's affiliates, officers or employees provides any assurance that the assumptions underlying such forward-looking statements are free from errors nor does any of them accept any responsibility for the future accuracy of the opinions expressed in this Report or the actual occurrence of the forecasted developments.

  

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






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




 

Breaking News


Kurs- und weitere Informationen zum Thema:

Hexagon Comp

Aktuelle Diskussionen zum Thema:

Hexagon Comp wird H2 verteilen ... (06.08.20)
eine der besten zukunftsaktien (27.08.19)

Aktuelle Nachrichten zum Unternehmen:

Hexagon Composites: Es läuft run. (29.07.20)
Hexagon Composites: Downgrade (28.07.20)
4 Wasserstoff-Meldungen von der . (26.07.20)
Hexagon Composites: Geschäft mit. (19.07.20)
Wasserstoff-ETF Marke Eigenbau:. (09.07.20)

Alle Nachrichten zum Unternehmen

Aktuelle Analysen zu den Unternehmen:

Hexagon Comp
Weitere Meldungen
 
12.06 Ad hoc: CO.DON AG: CO.D.
12.06 Ad hoc: mybet Holding SE .
12.06 Ad hoc: LS telcom AG: Be.
12.06 Orange Belgium increased it.
12.06 Pöyry PLC: Pöyry's pro for.
12.06 Ad hoc: Aladdin Blockchain .
12.06 Automotive company commit.
12.06 Volta Finance Limited : Earl.
12.06 KBC Group: Update regardin.
12.06 Ahold Delhaize share buybac.
12.06 Van Lanschot Kempen: upda.
12.06 ForFarmers N.V.: ForFarmer.
12.06 Santhera reicht Zulassungsan.
12.06 Santhera Submits NDA in S.
12.06 IMCD to acquire US specialt.
12.06 Ad hoc: PEH Wertpapier A.
11.06 Ad hoc: Solvesta AG: Aufs.
11.06 EQS-Adhoc: AEVIS VICTOR.
11.06 Ad hoc: SHS VIVEON AG:.
11.06 Ad hoc: Timeless Homes Gm.
11.06 Ad hoc: Timeless Hideaways.
11.06 VP Human Resources leave.
11.06 Intertrust hires James Nolan.
11.06 TGS and PGS announce mo.
11.06 Sanofi Launches "Action 20.
09.06 Ad hoc: Epigenomics AG: C.
08.06 Ad hoc: ALLGEIER SE: All.
08.06 Ad hoc: AFKEM AG: Kapit.
08.06 Ad hoc: ALBIS Leasing AG.
08.06 Ad hoc: Infineon Technologie.


Umfrage
 
Welche Social Networks nutzen Sie meistens?
Facebook
keine
Twitter
Xing
Linked in
Youtube
myspace
Google+
Wikipedia
andere


Stimmen: 66163 , Ergebnis


Kurssuche
Status: nicht eingeloggt

Registrieren | Passwort vergessen?
 
 
Im Bereich Nachrichten:
3 Dinge, die Sie zum erfolgreichen Trading NICHT brauchen
Experte: Stefan Hofmann, STOCK-WORLD
Kolumnen
DAX Index X-Sequentials ...
Devin Sage, Technische-X-Analyse.de (06.08.20)
Experte: Devin Sage, Technische-X-Analyse.de
DAX DOW über 27000
Thomas Heydrich, Systemstradings.de (06.08.20)
Experte: Thomas Heydrich, Systemstradings.de
DAX weiter in ...
CMC Markets, (06.08.20)
Experte: CMC Markets,
S&P500 weiter über 3.300 ...
Christian Zoller, www.boerse-daily.de (06.08.20)
Experte: Christian Zoller, www.boerse-daily.de
PAUKENSCHLAG! ...
Jörg Schulte, JS-Research (06.08.20)
Experte: Jörg Schulte, JS-Research
Nasdaq 100 - Die Dynamik ...
HypoVereinsbank onema., (06.08.20)
Experte: HypoVereinsbank onemarkets,
MorphoSys Aktie: Wieder ...
Finanztrends.info, (06.08.20)
Experte: Finanztrends.info,
Sinkende Goldnachfrage ...
Miningscout.de, (06.08.20)
Experte: Miningscout.de,
Euwax-Trends: Hohe ...
Cornelia Frey, Börse Stuttgart AG (06.08.20)
Experte: Cornelia Frey, Börse Stuttgart AG
"Für Edelmetalle ist das ...
wikifolio.com, (06.08.20)
Experte: wikifolio.com,
Gold über 2.000 $/oz
Martin Siegel, STABILITAS FONDS (06.08.20)
Experte: Martin Siegel, STABILITAS FONDS
Aixtron: Noch fehlt der ...
Holger Steffen, (06.08.20)
Experte: Holger Steffen,
Niquet's World
Neues vom Portal
 
Das beste Spielhaus im kommenden Jahr
Letzte Börsen-Meldung
 
Letzte Börsen-Analyse
 
Top-Klicks News
 
Top-Klicks Analysen