Hexagon Composites ASA: MAN Truck & Bus AG extends Supplier of Choice agreement with Hexagon Composites

06.10.2015  Stock Exchange Release

Hexagon Composites' wholly owned subsidiary Hexagon Bus Systems has solidified its leading position in the European transit bus market with the nomination by MAN Truck & Bus AG for the continued supply of compressed natural gas fuel systems. Hexagon Composites is currently the Supplier of Choice, and this agreement would extend that for another ten years.

"Our history, technology, and relationships with customers are what set us apart in the industry," said Chet Dawes, Vice President of CNG Automotive Products. "We are very pleased to continue as Supplier of Choice for MAN Truck & Bus AG."

"Since teaming up, our companies have brought valuable product development to the marketplace," said Milosz Szymaniak, Global Sales Manager of Hexagon Bus Systems. "We look forward to future innovations and success."

The bus systems are built at Hexagon Composites' Raufoss Norway facility and are fitted with tanks built at its Lincoln Nebraska facility.

For more information:
Chet Dawes, Vice President CNG Automotive Products, Hexagon Lincoln, Inc.
Telephone: +1 402 470 5015 | chet.dawes@hexagonlincoln.com 

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

Hexagon Composites ASA is a leading global supplier of composite pressure cylinders for gas applications. Based in Ålesund, Norway, the Group generated NOK 1 651 million in operating income in 2014. Production is carried out in modern, automated plants in Norway and the US.

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

MAN CNG transit bus