(Oslo, 7 December 2023) Hexagon Purus, a world leading supplier of zero-emission
infrastructure and mobility solutions, has been awarded a purchase order by Ford
Trucks to deliver a complete hydrogen fuel storage system for development of a
Fuel Cell Electric-Powered Vehicle (FCEV) F-MAX as part of the Horizon Europe
project ZEFES (Zero Emission Freight EcoSystem), a zero-emission logistics
deployment project in which Ford Trucks participates with the vision of
pioneering future transportation solutions. As a partner in project ZEFES, a
pan-European project specifically targeting decarbonization of long-haul heavy-
duty trucking in Europe, Ford Trucks will develop and deliver a fuel cell
electric heavy-duty prototype F-MAX truck that will operate as part of a larger
fleet of zero-emission trucks collecting data from real-world operations.

The F-MAX FCEV will be Ford Trucks' first fuel cell-powered vehicle, developed
and manufactured in Turkey, and will begin European Ten-T corridor
demonstrations in 2025 as part of the ZEFES project goals.

Driving Energy Transformation

"We focus our investment, R&D and innovation efforts in line with our global
electrification strategy to be a leading player in the decarbonization
transformation happening in the automotive industry", says Ford Trucks' Vice
President Emrah Duman. "We are very happy to have the support from Hexagon Purus
as an experienced partner in our development plan of a fuel-cell electric heavy-
duty truck as part of project ZEFES".

"We are using our in-depth knowledge of lightweight, reliable and safe hydrogen
storage technology to help Ford Trucks pave the way for fuel-cell electric long-
haul heavy-duty trucking in Europe", says Michael Kleschinski, EVP of Hexagon
Purus. "We are excited to be selected by Ford Trucks to support their
development plan as part of project ZEFES".

About the market

The mobility sector is accountable for approximately 20% of annual carbon
emissions globally, and hydrogen has a significant role to play in reducing
these emissions, particularly in "hard to abate" sectors. Making green hydrogen
available for use in amongst other the mobility sector is critical to reducing
carbon emissions.

As a part of Horizon Europe, the EU's key funding program for research and
innovation to tackle global challenges, project ZEFES aims specifically at
addressing the decarbonization of long-haul heavy-duty freight across Europe.
The project will deploy a total of nine different long-haul truck configurations
split into six battery electric- and three fuel-cell electric trucks. The nine
trucks will operate for 15 months and collect up to one million kilometers of
driving data from real-world operations. With 40 partners from 14 countries and
a total investment program of EUR 35.5 million, project ZEFES will bring
together the road transport value chain to move the transportation sector one
step closer to EU's Green Deal emission targets.

Timing

Delivery of the complete hydrogen storage system is scheduled for Q1 2024.

For more information:

Elinor Turander, Global Communication Director, Hexagon Purus
Telephone: +47 953 35 795 I eli.turander@hexagonpurus.com

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

About Ford Trucks:
Ford's only heavy commercial brand, Ford Trucks produces a range of vehicles
including tractors, construction trucks, and distribution trucks weighing over
16 tons. Our '2019 International Truck of the Year (IToY)' award-winning F-MAX
has brought critical acclaim and high global demand. Ford commercial vehicles'
proven track record of quality, durability, and efficiency underpins Ford
Trucks' international product strategy based on the best total cost of ownership
promise. At Ford Trucks, we combine more than half a century of design and
production experience with expertise in market-specific product development, to
engineer the main components of our vehicles, including the all-new engines. We
currently operate across Europe, the Middle East, Africa, and the CIS, and
continue to grow our international network on 3 continents. Hundreds of
thousands of trucks all around the world set out each and every day with the
confidence that Ford provides. For more information about Ford Trucks and its
products worldwide, please visit www.fordtrucksglobal.com.

About Hexagon Purus
Hexagon Purus, a Hexagon Composites company, 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 Twitter and
LinkedIn.