Hexagon Composites receives U.S. DOT permit for TITAN® XL

30.06.2016  Stock Exchange Release

The United States Department of Transportation (US DOT) has granted Hexagon Composites' wholly owned subsidiary Hexagon Lincoln permit for TITAN® XL.

The TITAN® XL was first introduced in Latin America in 2015. It represents the highest-capacity road trailer in the world in a 40-foot container, capable of transporting 525,000 scf (15,000 scm) of compressed natural gas (CNG) with only 31.5 metric ton including trailer weight. The unique, ultra-light carbon fiber Type 4 cylinders are key to it meeting Gross Vehicle Weight Rating (GVWR) limitations of several US states.

"We are committed to providing North America, and the world, with products that promote the use of clean and affordable energy," says Frank Häberli, Vice President Mobile Pipeline® Division. "TITAN® XL transports 44% more gas than TITAN® 4. Companies will benefit from fewer trips, reduced operating costs and increased competitiveness."

Hexagon Composites' Mobile Pipeline® products have become the industry standard for moving large amounts of compressed gas.

For more information:
Frank Häberli, Vice President Mobile Pipeline® Division, Hexagon Lincoln Inc
Telephone: +1 402 326 5586 | frank.haeberli@hexagonlincoln.com

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

Hexagon Composites ASA is a publicly listed company with its headquarters in Aalesund, Norway. The Group develops and produces composite pressure cylinders and systems for storage and transportation of various gases.

Follow us on Twitter: @HexagonASA and @TITAN_Tank

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)