Hexagon Purus Holding AS provides hydrogen type 4 high-pressure cylinders, vehicle systems, and battery packs for fuel cell electric and battery electric vehicles. It offers hydrogen high-pressure vessels and systems for hydrogen light duty vehicles, infrastructure, distribution, rail, medium and heavy-duty vehicles, as well as for aerospace and aviation. The company also provides systems for battery electric vehicles and fuel cell electric vehicles for buses and battery packs. In addition, it offers high pressure hydrogen storage cylinders, which enables transit buses, ground storage, distribution, maritime, rail, and aerospace applications. The company was incorporated in 2017 and is headquartered in Alesund, Norway. Hexagon Purus Holding AS is a subsidiary of Hexagon Composites ASA.

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.

Data privacy: https://hexagonpurus.com/privacy-policy

Hexagon Purus

Congratulations to our colleagues in Kelowna, Canada!  They’ve been certified as a Great Place to Work 🏅 

Our other locations are also soon getting their GPTW certificates – we are proud of having achieved the required scores in all our countries 👏🏽 💪🏼 

This certificate means that our colleagues are satisfied with their job, feel respected and valued and are motivated to perform at their best. 

We will continue to actively listen to our employees and shape our workplace together for the better. 

We are committed to creating a safe environment, both physically and psychologically, that allows our people to thrive. Driving innovation forward means supporting our teams and working for each other’s success. 😊 
 
#GPTWcertified #celebrateyourgreat #lifeatpurus #BEV #careers 

Elin Lysholm Todd Sloan Eric Coupal-Sikes Drew P. Alexander Melnyk Tia Isaak Anne Lise Hjelseth Guro Grytli Seim Eva Bickel Olivia Brown Dilip Warrier

🌐 We are back for day 2 at Hyvolution in Paris! 🚀

📍 Join us at Booth 4G32! 

Our team is ready to discuss our innovative hydrogen mobility and infrastructure solutions that are driving us toward a more sustainable planet 🌱 

Jørn Helge Dahl Felix Grass Benjamin Jost

#hydrogen #hydrogeninfrastructure #climatechange #mobility #energytransition

Yesterday was a big day for us – congratulations to all the team in Weeze, Germany 🥂✂️

We opened our expanded site at Weeze with double the manufacturing capacity for  hydrogen infrastructure systems for distribution, refueling and stationary storage 🎊

How are these products used? 

Almost 100 million tons  of hydrogen is produced annually and many of these molecules need to be transported to where they’re needed and safely stored. 

Our technologies can be used for any color of hydrogen. 

Several industries use mostly grey hydrogen today in their manufacturing processes including pharmaceuticals, semiconductors and food processing.

Our type 4 hydrogen distribution modules have a much lower total cost of ownership than steel-based cylinders, with 2-3 times the payload compared to steel tube trailers. 

There is also a growing market for green hydrogen in the mobility sector for example where our cylinders are also capturing demand.  🟢🚛🚍
 
Thank you to Steffi Neu  for moderation, our speakers Morten Holum, CEO,  Matthias Kötter, Managing Director and Michael Kleschinski, EVP Infrastructure & Mobility from Hexagon Purus, Dr. Marie Jaroni, Dr. Frank Koch and all our guests for attending including Georg Koenen, Mayor of the "Gemeinde Weeze", Christoph Gerwers, Stefan Rouenhoff and Toni Viscido among others.

Salman Alam Anne Lise Hjelseth Heiko Chudzick Ina Juenemann Jule Hinckers Felix Grass Hartmut Fehrenbach  Benjamin Jost Patrick Breuer Blaise Thomas Philipp Thönnißen 

#hydrogen #hydrogeninfrastructure #hydrogeneconomy #mobility #energytransition

Today we celebrate the opening of our expanded manufacturing facility in Weeze, Germany! 🥁 🍾

The facility doubles our capacity for Type 4 high-pressure hydrogen infrastructure solutions! 🎉🚛

The site will be our primary manufacturing hub for engineering and production of hydrogen infrastructure products including systems for distribution, refueling and stationary storage.

This is facility number 4 to open in the last 12 months as we ramp up its capacity to meet growing customer demand as the world transitions to clean energy sources. 🌎

Read more in the link in comments 👇

Morten Holum Salman Alam Anne Lise Hjelseth Michael Kleschinski Heiko Chudzick Matthias Kötter Ina Juenemann Jule Hinckers Felix Grass

#hydrogen #hydrogeninfrastructure #hydrogeneconomy #mobility #energytransition

Next week we will be at the Hyvolution Paris 2024, stand 4G32.

📅 Date: 30th Jan - 1st Feb
📍 Location: Porte de Versailles, Paris

Meet our team to dive into our innovative hydrogen mobility and infrastructure solutions and explore the future of clean transportation. 🌱

Baby, it’s cold outside 🎶 And good luck if you’re waiting for a bus in Oslo, Norway 🚌🐧

Electric buses are struggling with the cold (-18 today), quickly running out of power and experiencing charging problems ❄️☃️

But switching back to diesel is no solution 🌎

Hydrogen electric vehicles are a safe and complementary solution to battery electric vehicles, especially in cold climates where the batteries are less efficient.

Hydrogen buses cope well with the cold and have a longer range than battery electric.

They’re already in use in many places throughout the world - we supply our type 4 cylinders for some of them.

Let’s not stop emission-reducing measures just because battery-electric buses do not work as well in all temperatures! 

Norwegian readers can read more in an article in Finansavisen in the link in comments 👇

The article was jointly authored by Morten Holum, CEO Hexagon Purus,  Håkon Volldal, CEO Nel Jens Berge, CEO Norwegian Hydrogen Per Øyvind Voie, CEO Vireon and Ingebjørg Telnes Wilhelmsen, General Secretary, Norwegian Hydrogenforum.

#zeroemissionmobility #hydrogen #buses #transport 

Photo: CaetanoBus hydrogen fuel-cell transit bus.

January can feel a bit ‘meh’ – but not for us in Hexagon Purus!

It’s a new year, with new things to look forward to. ✨🪄

Its just over two weeks until we have our ribbon cutting ceremony for our new manufacturing facility in Weeze, Germany. 🥁 ✂️🍾 

It’ll be our fourth new site opening in just 12 months. 

We are ramping up capacity to meet expected customer demand for our zero-emission mobility and hydrogen infrastructure solutions. 🚛

Here’s a throwback to the opening of our hydrogen cylinder manufacturing facility being opened in Kassel, Germany in September last year 📹

#hydrogen #zeroemissions #mobility #hydrogeninfrastructure 

Morten Holum Michael Kleschinski Matthias Kötter Anne Lise Hjelseth Hartmut Fehrenbach Felix Grass Jule Hinckers Ina Juenemann Renata Carvalho Guro Grytli Seim

We are delighted to announce that we have secured approximately NOK 1 billion in further funding to continue our growth journey 🎉 

This funding will enable us to continue providing technologies and solutions for a zero-emission society and delivering on our purpose to be a driving force for a sustainable planet.🌎

We are continuing to scale up to increase our capacity to deliver on existing customer contracts, prepare for serial volume as demand increases and continue to meet our financial ambitions.

We believe we have been able to secure this investment because we continue to make strong progress, delivering as promised, we have a world-leading technology offering and we are enabling the transition to a zero-emission society when the world has a pressing need for solutions to address climate change. 

We are grateful to our investors Mitsui & Co., Ltd., Hy24 and Hexagon Composites for their support and belief in us. Their investment is a stamp of approval that we are the world-leading provider of type 4 high-pressure cylinders and systems for hydrogen infrastructure and hydrogen mobility as well as battery systems and vehicle integration solutions for fuel cell and battery electric vehicles. 🚚 🚍 
 
For further information, see link to the stock exchange announcement in comments below 👇🔗

#Hydrogen #EnergyTransition #Industry #Sustainability

Morten Holum Salman Alam Anne Lise Hjelseth Michael Kleschinski Todd Sloan Heiko Chudzick Frank Häberli Dilip Warrier Mugihiko Yanagida Mathias Meidell Yoichi Tatsumi Gard Kirkerud Guro Grytli Seim

We’re proud to share that BLUE ORIGIN selected Hexagon Purus to take top honors at the Supplier Summit: Revolution Lunar. 🚀🌎

We were selected for the Large Business of the Year in recognition of Our Dedicated Partnership and Exceptional Performance. 🏆 

#ProudBlueOriginSupplier #hydrogen #aerospace

Jim Harris Matthew Buchholz Dilip Warrier Salman Alam Anne Lise Hjelseth Michael Kleschinski Heiko Chudzick Frank Häberli Todd Sloan Morten Holum

Our distribution systems are now approved for the UK market! ✅ 🤝
  
 We’ll be delivering hydrogen distribution systems to a leading global industrial gas company in the UK. 🎊
 
 The value of the order is approximately EUR 3 million.  Each system will be able to transport more than 1 ton of hydrogen.
  
 Following the UK's departure from the EU and new regulatory requirements in the UK for hydrogen cylinder storage, our systems will now carry the UK "Rho" mark, indicating conformity with UK standards, and will also retain the “Pi” mark for use in Europe 🌍
  
 “Our distribution systems are ideal to transport hydrogen from production sites to either industrial clients or hydrogen filling stations for mobile applications, allowing for high payloads and reducing total cost of ownership for our customers." says Michael Kleschinski, EVP Hydrogen Infrastructure & Mobility of Hexagon Purus.
 
 “This is the first time that our distribution systems are now approved for both the European and UK markets, giving our long-standing customer the flexibility to use our hydrogen distribution systems wherever they are needed”. 
 
Futher info in the link in comments 👇 

 #hydrogen #energytransition #Industry #sustainability
 
 Morten Holum Salman Alam Anne Lise Hjelseth Michael Kleschinski Todd Sloan Heiko Chudzick Frank Häberli Mugihiko Yanagida Felix Grass Guro Grytli Seim Mathias Meidell

	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	207.15M -	178.12M 14.02%	506.04M 184.10%	958.64M 89.44%	1.31B 36.84%
cost of revenue	128.23M -	86.72M 32.37%	324.57M 274.28%	588.52M 81.33%	1.91B 225.37%
gross profit	78.92M -	91.40M 15.82%	181.47M 98.54%	370.11M 103.95%	-603.06M 262.94%
selling and marketing expenses
general and administrative expenses
selling general and administrative expenses	-32M -	-27M 15.63%	-40.66M 50.58%	-62.18M 52.94%
research and development expenses	32M -	27M 15.63%	47M 74.07%	77M 63.83%
other expenses	4.14M -	1.69M 59.11%	1.12M 33.73%	1.25M 11.85%	6.85M 445.58%
cost and expenses	375.92M -	345.75M 8.03%	830.91M 140.32%	1.46B 75.77%	1.91B 30.64%
operating expenses	247.69M -	259.03M 4.58%	506.35M 95.48%	871.96M 72.21%	-6.85M 100.79%
interest expense	27.40M -	113.97M 315.99%	9.51M 91.66%	12.61M 32.67%	187.22M 1,384.48%
ebitda	-119.07M -	-104.94M 11.86%	-284.67M 171.26%	-333.20M 17.05%	-446.43M 33.98%
operating income	-168.77M -	-167.63M 0.68%	-324.87M 93.81%	-405.50M 24.82%	-596.21M 47.03%
depreciation and amortization	47.21M -	54.46M 15.36%	53.10M 2.50%	95.09M 79.08%	149.78M 57.52%
total other income expenses net	-24.90M -	-105.75M 324.63%	-22.40M 78.82%	-35.39M 58.01%	-82.59M 133.36%
income before tax	-193.67M -	-273.37M 41.15%	-347.27M 27.03%	-440.90M 26.96%	-678.81M 53.96%
income tax expense	-25.78M -	34.65M 234.44%	-2.12M 106.12%	-9.38M 342.45%	-7.79M 16.92%
net income	-98.62M -	-342.63M 247.44%	-353.70M 3.23%	-432.33M 22.23%	-672.70M 55.60%
weighted average shs out	330K -	229.09M 69,321.89%	233.54M 1.94%	258.28M 10.59%	276.83M 7.18%
weighted average shs out dil	330K -	229.09M 69,321.89%	233.54M 1.94%	258.28M 10.59%	276.83M 7.18%
eps	-298.84 -	-1.50 99.50%	-1.51 0.67%	-1.67 10.60%	-2.43 45.51%
epsdiluted	-298.84 -	-1.50 99.50%	-1.51 0.67%	-1.67 10.60%	-2.43 45.51%

COM:HEXAGONPURUS

Hexagon Purus ASA

Market Cap

193.76M

Beta: -

Volume Today

7.27K

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