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Hexagon Composites ASA (HEX.OL)

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Latest Key Developments (Source: Significant Developments)

Hexagon Composites gets new order for hydrogen transport cylinders
Thursday, 16 Mar 2017 03:40am EDT 

Hexagon Composites ASA : Receives new order for Hydrogen transport cylinders . Its xperion Energy & Environment unit receives substantial order for hydrogen high-pressure cylinders from Air Products GmbH in Germany .Deliveries are scheduled to commence by end of Q1 and through Q2 2017.  Full Article

Hexagon Composites: xperion gets Mobile Pipeline order in Pakistan
Tuesday, 14 Mar 2017 03:54am EDT 

Hexagon Composites Asa : Its subsidiary xperion Energy & Environment awarded Mobile Pipeline order in Pakistan .Unit received order for X-Store gas container modules from EGAS Pvt. Ltd with total estimated value of 2.6 million euros ($2.8 million).  Full Article

Hexagon Composites Q4 EBIT up to NOK 288.7 mln
Wednesday, 22 Feb 2017 02:30am EST 

Hexagon Composites ASA : Q4 operating income 347.1 million Norwegian crowns ($41.49 million) versus 371.4 million crowns year ago . Q4 EBIT 288.7 million crowns versus 18.6 million crowns year ago .Says one-off gain as a result of Agility transaction increases EBITDA and EBIT levels.  Full Article

Applied Technology appoints PricewaterhouseCoopers Aarata LLC as corporate auditor
Wednesday, 22 Feb 2017 01:49am EST 

Applied Technology Co Ltd <4356.T> :Says co appoints PricewaterhouseCoopers Aarata LLC as corporate auditor to replace Ernst & Young ShinNihon LLC, effective on March 29.  Full Article

Powercell, Hexagon ASA, Nel ASA to establish joint venture
Thursday, 19 Jan 2017 02:45am EST 

Powercell : Powercell, Hexagon Composites and Nel have signed a letter of intent to establish a joint venture . joint venture will enable project development together with customers .The parties intend to stimulate and develop projects where each party's respective technologies and competences are utilized.  Full Article

Nel signs joint venture LoI with PowerCell and Hexagon Composites
Thursday, 19 Jan 2017 02:45am EST 

Nel ASA : Says has entered into Letter of Intent (LoI) with Hexagon Composites ASA and PowerCell Sweden AB to establish a joint venture (JV) for the development of integrated hydrogen projects .The joint venture will initially focus on opportunities in the maritime and marine segments as well as projects to leverage renewable energy resources.  Full Article

Hexagon Ragasco enters partnership with Lipigas in Chile
Thursday, 10 Nov 2016 08:00am EST 

Hexagon Composites ASA : Hexagon Ragasco enters Chilean market with strategic partnership with Lipigas in Chile .Empresas Lipigas S.A. is provider of LPG in Chile for residential, industrial and leisure sectors.  Full Article

Hexagon Ragasco enters Bangladesh
Wednesday, 9 Nov 2016 02:30am EST 

Hexagon Composites ASA : Unit Hexagon Ragasco entered into four-year frame agreement with Beximco Group for sales of composite LPG cylinders into fast growing Bangladeshi market .Total value of initial order is approximately $2.1 million (approximately 17 million crowns).  Full Article

Hexagon Composites acquires xperion
Wednesday, 5 Oct 2016 02:02am EDT 

Hexagon Composites ASA : Hexagon composites acquires xperion . Enterprise value of xperion is 43.5 million euros ($48.8 million - 390 million Norwegian crowns) on a cash and debt free basis . Transaction will result in recognition of excess value over book value (including goodwill) estimated to magnitude of 285 million crowns in statement of financial position .An earn-out payment of up to 11.5 million euros (about 104 million crowns) may become payable in 2019.  Full Article

Hexagon Composites develops next generation hydrogen cylinder for Daimler's new Mercedes-Benz GLC F-CELL
Monday, 22 Aug 2016 03:42am EDT 

Hexagon Composites ASA : Develops next generation hydrogen cylinder for Daimler's new Mercedes-Benz GLC F-CELL . Its fully-owned unit, Hexagon Lincoln, was selected by Daimler AG to supply compressed hydrogen gas (CHG) cylinders for Daimler's new fuel cell electric vehicle .New Mercedes-Benz GLC F-CELL will be presented in 2017.  Full Article

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BRIEF-Nel signs joint venture LoI with PowerCell and Hexagon Composites

* Says has entered into Letter of Intent (LoI) with Hexagon Composites ASA and PowerCell Sweden AB to establish a joint venture (JV) for the development of integrated hydrogen projects