Las Vegas, NV, May 20, 2024 - Today at the Advanced Clean Transportation (ACT)
Expo (https://www.actexpo.com/), Hexagon Purus (https://hexagonpurus.com/) in
partnership with Hino Trucks (http://www.Hino.com), proudly announces the launch
of Tern, a dedicated zero-emission truck brand along with their inaugural
vehicle model, the RC8, a groundbreaking battery electric Class 8 tractor
tailored for the U.S. market. This innovative semi-tractor leverages Hexagon
Purus' years of development of zero-emission drivetrains for heavy-duty trucks
and represents a driver-preferred option for fleets that are electrifying
practical routes.

A product of the new long-term agreement between Hexagon Purus and Hino Trucks,
valued at up to approximately $2 billion, Tern is designed to deliver a seamless
transition to electrification for the U.S. commercial vehicle sector.
Manufactured in Hexagon Purus' new facility in Dallas, Texas, the Tern RC8 is
scheduled for serial production in late 2024.

Built on Hino's proven XL Series 4x2 chassis and equipped with Hexagon Purus'
cutting-edge zero-emission technology, Tern exemplifies innovation with its
proprietary battery systems, auxiliary modules, and power modules. The vehicle
leverages a U.S. assembled Hino chassis, an e-Axle from Dana for optimum
efficiency, and battery cells supplied and manufactured by Panasonic Energy
initially in Japan, before transitioning to De Soto, Kansas from 2026 onwards,
ensuring reliability, American sourcing, and top-tier performance.

"Tern RC8 delivers the comfort, reliability and safety that drivers and fleets
want, and it's purpose-built to be a very practical truck for operators
integrating zero-emission trucks into their fleets," said Morten Holum, CEO of
Hexagon Purus. "We are excited to introduce a truck that embodies the endurance
and efficiency of the Arctic Tern, renowned for its light weight and long
migratory journey - a trusty companion you can always rely on."

Key features of the Tern RC8 include:

  * A 100% battery-electric platform with an industry-leading short wheelbase of
    165 inches
  * A gross vehicle weight rating (GVWR) of 68,000 lbs.  targeting applications
    of approximately 200 miles in regional city duty cycles, addressing 95
    percent of use cases
  * Dual Hexagon Purus Gen3 269kWh battery packs in a 750-volt, 538 kWh
    configuration, providing substantial power and range for targeted duty
    cycles
  * Recharge rate of 241 kW
  * Peak/continuous horsepower of 680hp/494hp
  * Peak torque 38,350 ft/lbs.

Tern trucks will be available exclusively through the Tern dealer network and
will leverage Hino's network ensuring total support and service. This launch
aligns with the Advanced Clean Fleets regulation in California and gives fleets
an excellent option to decarbonize their supply chain, especially in target
applications like metro-regional routes, food & beverage logistics and similar
routes where the tight turning radius and popular 4x2 chassis offer practical
benefits.

"Our partnership with Hexagon Purus introduces a highly reliable Class 8, 4x2
tractor option into the electric truck market, catering to a wide range of
applications. We are excited to see Tern launched in California, where fleet
electrification is imperative," remarked Glenn Ellis, President of Hino Trucks.

The introduction of the Tern brand signifies a transformative step for both
companies and the commercial trucking industry, driving towards a zero-emission
future without compromising on power or performance.

 - ENDS -

Notes for Media

A press conference will be held at ACT Expo on Monday 20 May from 17.20-17.25 at
Booth 2244 to unveil Tern RC8.  Interviews with Hexagon Purus executives can be
arranged at ACT Expo, with CEO Morten Holum and EVP Todd Sloan present.  Glen
Ellis, President of Hino Trucks, will also be available for interview directly
after the press conference.

For more information
Eli Turander, Global Communications Director, Hexagon Purus
Telephone: +47 953 35 795 | eli.turander@hexagonpurus.com

Mathias Meidell, Investor Relations Director, Hexagon Purus
Telephone: +47?909 82 242 | mathias.meidell@hexagonpurus.com
(mailto:mathias.meidell@hexagonpurus.com)

Mark Brakeall I Director - Marketing, Dealer Operations & Connected Vehicle
brakeall@hino.com (mailto:brakeall@hino.com)

About Tern

Tern is a new zero-emission Class 8 truck nameplate born in collaboration
between Hexagon Purus, a world leading manufacturer of zero-emission mobility
and infrastructure solutions, and Hino Trucks, a Toyota Group Company.  Tern is
specifically focused on electrifying practical commercial vehicle applications
that yield the most significant benefits to drivers while minimizing or
eliminating operational adaptations required by our fleet customers.

Learn more at www.terntrucks.com and follow @terntrucks on LinkedIn, Instagram
and Facebook.

About Hexagon Purus ASA
Hexagon Purus enables zero emission mobility for a cleaner energy future. The
company is a world leading provider of hydrogen Type 4 high-pressure cylinders
and systems, battery systems and vehicle integration solutions for fuel cell
electric and battery electric vehicles. Hexagon Purus' products are used in a
variety of applications including light, medium and heavy-duty vehicles, buses,
ground storage, distribution, refueling, maritime, rail and aerospace.

Learn more at www.hexagonpurus.com and follow @HexagonPurus on LinkedIn and X.

About Hino Trucks
Hino Trucks, a Toyota Group Company, manufactures, distributes, and services a
lineup of Class 4-8 commercial trucks in the United States. Hino Trucks has a
product lineup that offers fully connected vehicles with a low total cost of
ownership, unmatched reliability, maneuverability, and the most comprehensive
bundle of standard features in the market. Hino continues to lead the industry
toward a more sustainable future with its evolving electric vehicle
lineup. Headquartered in Novi, Michigan, Hino has a nationwide network of
dealers committed to achieving excellence in the ultimate ownership experience.

Learn more about Hino Trucks at http://www.hino.com or follow us on Facebook,
LinkedIn, X, and YouTube.