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Hexagon Lincoln announces joint venture agreement with Agility Fuel Systems

ALESUND, Norway, May 6, 2014 (GLOBE NEWSWIRE) -- Hexagon Composites' wholly-owned subsidiary Hexagon Lincoln, Inc has entered into an agreement with Agility Fuel Systems to establish a 50/50 joint venture to supply CNG high-pressure cylinders for fuel systems to support the growing heavy duty natural gas truck market in North America.

"This joint venture will enable Agility and us to integrate and optimize our value chains and be of even better service to the end customers. We are very pleased to have reached this agreement, which will further strengthen our position as the global market leader in Type 4 cylinders for Compressed Natural Gas (CNG)", says Jon Erik Engeset, President and CEO of Hexagon Composites ASA.

Please see the enclosed Press Release for further information.

For further information:
Jon Erik Engeset, CEO, Hexagon Composites ASA
Telephone: +47 916 30 550 | jon.erik.engeset@hexagon.no

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


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

Press release Joint venture announcement http://hugin.info/132600/R/1783083/610535.pdf
Images Joint venture announcement http://hugin.info/132600/R/1783083/610538.pdf

HUG#1783083

Source:Hexagon Composites ASA