(Oslo, 24 October 2023) Hexagon Purus, a world leading manufacturer of zero
emission mobility and infrastructure solutions, has received purchase orders for
the delivery of hydrogen fuel storage systems to Solaris, a leading European bus
manufacturer, worth approximately EUR 6.4 million. The purchase orders can be
viewed in conjunction with the previously announced long-term supply agreement
with Solaris in November 2021. Hexagon Purus' hydrogen fuel storage systems will
be used to support Solaris' roll-out of hydrogen fuel-cell electric buses in
Europe following recent public tender win in Bologna, Italy.

Since 2021, Hexagon Purus has delivered hydrogen fuel storage systems for close
to 200 Solaris hydrogen fuel-cell electric buses.

Driving Energy Transformation

"Solaris is a leading player in driving the zero-emission transition in European
public transportation. We have a long-standing relationship with them and
applaud their success in securing new contracts for hydrogen fuel-cell electric
buses in Europe", says Michael Kleschinski, Executive Vice President of Hexagon
Purus. "We are committed to helping them decarbonize the European public
transport sector".

About the market

The transportation sector is accountable for about 20% of annual carbon
emissions globally, and hydrogen has a significant role to play in reducing
emissions from this sector and other hard-to-abate sectors. Making green
hydrogen available for use in the transportation sector is critical to reduce
carbon emissions.

As hydrogen, a key contributor to the energy transition, continues to build
momentum globally, more than 30 countries have released hydrogen roadmaps, over
USD 70 billion in government funding is committed to hydrogen investments, 500
large-scale hydrogen projects have been announced by the industry to date and
green hydrogen is projected to supply up to 25% of the world's energy needs by
2050.

Timing:

Delivery of the systems is scheduled to be between Q3 2024 and Q1 2025.

For more information:

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

Eli Turander, Global Communications Director, Hexagon Purus
Telephone: +47 953 35 795 | eli.turander@hexagonpurus.com
(mailto:eli.turander@hexagonpurus.com)

About Hexagon Purus

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 (http://www.hexagonpurus.com) and follow
@HexagonPurus on Twitter and LinkedIn.