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TITAN 450 Mobile Pipeline(®) modules. Hexagon Agility’s TITAN 450 modules
represent the next generation of gas distribution modules and will be used to
transport compressed and renewable natural gas (CNG/RNG) throughout North
America.
Under this agreement, Hexagon Agility has received a new USD 25.6 million
(approx. NOK 253 million) order representing the inaugural order of Hexagon
Agility’s new TITAN 450 modules.
“We are proud to receive our first order for TITAN 450 from Certarus,” said
Miguel Raimao, Vice President of Mobile Pipeline at Hexagon Agility. “Over 90%
of the TITAN platform has been redesigned. The new TITAN 450 delivers 25%
greater gas capacity, while being 20% lighter in the same 40-foot length. We
appreciate our long-standing relationship with Certarus. They’ve been more than
a customer, continually providing valuable user feedback that we apply to the
innovation of our Mobile Pipeline products.”
The next generation of composite gas distribution modules
TITAN 450 enables the safe transport of almost half a million standard cubic
feet of CNG/RNG in a 40-foot module, allowing customers to deliver more gas with
fewer trips, resulting in reduced operating costs. The new product employs the
latest technology in Type 4 composite cylinders and high-strength frame design,
while building on the proven simplicity and reliability of TITAN. As with the
current generation of TITAN products, the modules are approved for a variety of
gases including CNG, RNG, Helium, and Hydrogen.
This new generation module is fully interchangeable with existing TITAN products
and reflects Hexagon Agility’s relentless commitment to safety. The new design
delivers best in class Static Rollover Threshold (SRT) in the industry. SRT is a
measure of a trailer’s resistance to rollovers.
“As we continue to grow and provide decarbonization solutions, it is essential
to have partners like Hexagon Agility who are driving innovation in our
industry. TITAN has become a pillar of our fleet. The new 450 presents exciting
opportunities with its increased capacity, which will allow us to increase
productivity, and it carries the commitment to quality and safety that we have
come to expect from Hexagon Agility,” said Curtis Philippon, President and CEO
of Certarus. “We are pleased be the launch customer for this exciting new
product.”
About the market
Natural gas is a low carbon, cost effective alternative energy. RNG is the only
available carbon negative energy source. It is being rapidly adopted to drive
decarbonization of industrial and vehicle fleet operations.
Hexagon Agility’s Mobile Pipeline(®) solutions have the largest transport
capacity worldwide and enable the safe transport of RNG/CNG or other industrial
gases by truck, marine vessel, or rail - allowing users lacking pipeline
infrastructure to reduce energy costs and greenhouse gas emissions quickly and
efficiently.
With more than 1,800 Mobile Pipeline modules now deployed around the world,
Hexagon Agility continues to set the standard for safety, reliability, and
performance.
Timing
The new TITAN 450 modules will be produced at Hexagon Agility’s facility in
Lincoln, Nebraska and are expected to be delivered in the third quarter of 2023.
For more information:
Karen Romer, SVP Communications, Hexagon Composites ASA
Telephone: +47 950 74 950 | karen.romer@hexagongroup.com
(mailto:karen.romer@hexagongroup.com)
Ingrid Aarsnes, VP Investor Relations and ESG, Hexagon Composites ASA
Telephone: +47 950 38 364 | ingrid.aarsnes@hexagongroup.com
(mailto:ingrid.aarsnes@hexagongroup.com)
About Certarus
Certarus is the North American leader in providing on-road low carbon energy
solutions through a fully integrated CNG, RNG, and hydrogen platform. Certarus
safely delivers clean burning fuels to energy, utility, agricultural and
industrial customers not connected to a pipeline. By displacing more carbon
intensive fuels, Certarus is leading the energy transition and helping customers
lower operating costs and improve environmental performance. With the largest
fleet of mobile storage units in North America, Certarus is uniquely positioned
to meet the growing demand for low and zero emission energy distribution. Learn
more at certarus.com
About Hexagon Agility
Hexagon Agility, a business of Hexagon Composites, is a leading global provider
of clean fuel solutions for commercial vehicles and gas transportation
solutions. Its product offerings include (renewable) natural gas storage and
distribution systems, Type 4 composite natural gas cylinders, propane, and
(renewable) natural gas fuel systems. These products transport clean gaseous
fuels and enable vehicles to reduce emissions while saving operating costs.
Learn more at hexagonagility.com and follow @HexagonAgility on Twitter and
LinkedIn.
About Hexagon Composites ASA
Hexagon delivers safe and innovative solutions for a cleaner energy future. Our
solutions enable storage, transportation, and conversion to clean energy in a
wide range of mobility, industrial and consumer applications. Learn more at
www.hexagongroup.com and follow @HexagonASA on Twitter and LinkedIn.
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