Hexagon Purus ASA: Invitation to presentation of second quarter and half- year results 2021 finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Hexagon Purus ASA: Results for the first quarter 2021
In the first quarter of 2021, Hexagon Purus Group generated NOK 57 (48) million in revenue and recorded operating profit before depreciation (EBITDA) of NOK -62 (-43) million. Revenue growth was driven by increased activity in hydrogen distribution applications as well as aerospace with slightly lower revenue contribution from heavy duty vehicle applications due to the completion of a battery electric (BEV) truck demonstration program in Q1 2020.
Continued investments in personnel and infrastructure to support and accelerate Hexagon Purus future growth drive negative profitability.
Key developments
Signed joint venture agreements with CIMC Enric in March 2021 to enter China which is expected to be the world s largest zero emission hydrogen vehicle and distribution market
Hexagon Purus to deliver high performance cylinders to Wystrach for industrial and mobility applications
Hexagon Purus has signed a contract with Wystrach GmbH, a leading systems provider for high pressure solutions, to supply Type 4, 300 bar pressure vessels at a value of approximately EUR 2.5 million (approximately NOK 25 million). The cylinders are destined for industrial and mobility applications in France and Germany.
Driving energy transformation
Hexagon Purus’ Type 4 cylinders will be a part of the storage and transport solutions that are developed and manufactured by Wystrach. These will be used to transport hydrogen for industrial purposes in Europe and to expand the infrastructure for mobility projects in France.
(1)
Hexagon Purus has signed a contract with Wystrach GmbH, a leading systems provider for high pressure solutions, to supply Type 4, 300 bar pressure vessels at a value of approximately EUR 2.5 million (approximately NOK 25 million). The cylinders are destined for industrial and mobility applications in France and Germany.
Driving energy transformation Hexagon Purus Type 4 cylinders will be a part of the storage and transport solutions that are developed and manufactured by Wystrach. These will be used to transport hydrogen for industrial purposes in Europe and to expand the infrastructure for mobility projects in France. Whether for transport or tank systems, stationary storage or refueling solutions: we re already seeing demand for hydrogen technologies across all product categories, says Wolfgang Wolter, CEO Operations and Sales at Wystrach. The technology is mature and field-tested. It takes pioneers in gas-technology and teammates such as Hexagon Purus to make climate-