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Hexagon Agility reaches milestone with additional orders for natural gas fuel systems for Cummins X15N powered trucks

1. Hexagon Agility receives $4.3 million in new orders for gas fuel systems. 2. Cummins' X15N engine expands natural gas truck market by 200,000 units annually. 3. Hexagon's systems enable fleets to reduce emissions and fuel costs effectively. 4. Heavy-duty trucking supported by over 1,600 CNG/RNG fueling stations in North America. 5. Daimler Truck and other major OEMs now offer X15N-powered natural gas trucks.

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Why Bullish?

With increased orders and market expansion, CMI could see positive growth. Historical trends indicate that technological advancements in engines often lead to stock appreciation in related companies.

How important is it?

The integration of natural gas technology in trucking is relevant to CMI's engine segment, indicating potential price movement. Increased demand for environmental solutions enhances the company's market position.

Why Long Term?

CNG/RNG adoption in trucking will steadily grow, benefiting CMI's business in the future. Past examples show that companies involved in alternative fuels experience prolonged positive impacts from new technologies.

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, /PRNewswire/ -- Hexagon Agility, a subsidiary of Hexagon Composites ASA (OSE: HEX.OL) and the world's leading provider of natural gas (CNG/RNG) fuel systems, has over the past months received new orders for natural gas fuel systems installations on trucks powered by Cummins' X15N natural gas engine, designed specifically for the North American heavy-duty commercial truck market. The new orders are valued at USD 4.3 million (approx. NOK 45 million) and include over 20 leading Class 8 fleets. This brings the total accumulated value of orders that Hexagon Agility has received for natural gas fuel systems for X15N powered trucks to USD 20 million, including the UPS order announced in May 2024 and orders announced in October 2024. At the end of April 2025, Daimler Truck North America officially announced it had opened orders for Freightliner Cascadia trucks equipped with the Cummins X15N. Daimler, Kenworth and Peterbilt, the three leading Class 8 truck OEMs in North America, now offer natural gas truck options powered by the X15N engine. "Despite freight market and macro-economic uncertainty, we see a strong uptick in the interest for natural gas solutions," says Eric Bippus, Chief Commercial Officer at Hexagon Composites. "The new 15-liter engine (X15N) is now enabling fleets to access the fuel cost and emissions reduction benefits of natural gas, with performance that matches diesel in both power and range. Equipped with a fuel system from Hexagon Agility, Class 8 trucks with the X15N can achieve a range of up to 1,200 miles. This has unlocked a whole new segment of the truck market previously constrained to just diesel fuel." The North American truck market Approximately 300,000 heavy-duty trucks are sold annually in the North American market. Previously, 100,000 of these trucks made up the addressable market for natural gas solutions. Now with the X15N, there are natural gas engines available today that are well-suited for every operation, haul and load requirement a fleet may have, adding 200,000 heavy-duty trucks to the addressable market for CNG/RNG annually. With power ratings up to 500 hp (~370 kW) and torque up to 1850 lb.-ft (~2500 Nm), the X15N engine meets the needs of long haul/heavy load demands for high horsepower and offers a range of up to 1,200 miles (2,000 km), matching the capabilities of diesel. Natural gas trucking is supported by a robust network of over 1,600 public and private CNG/RNG fueling stations across key transport corridors in North America. Contacts:Berit-Cathrin Høyvik, Senior Director, Communications, Hexagon CompositesTelephone: +47 988 92 161 | [email protected]David Bandele, CFO, Hexagon CompositesTelephone: +47 920 91 483 | [email protected] About Hexagon Agility Hexagon Agility, a business of Hexagon Composites, is a leading global provider of clean fuel solutions for commercial vehicles and bulk gas transportation. Its product offerings include (renewable) natural gas bulk distribution systems of compressed gases, lightweight Type 4 composite natural gas cylinders, and (renewable) natural gas fuel systems. These products transport clean gaseous fuels and enable vehicles to reduce emissions while lowering operating costs. Learn more at hexagonagility.com and follow @HexagonAgility on X and LinkedIn. About Hexagon Composites ASA Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation and conversion to clean energy in a wide range of mobility and industrial applications. Learn more at hexagongroup.com and follow @HexagonASA on LinkedIn. This information was brought to you by Cision http://news.cision.com https://news.cision.com/hexagon-composites-asa/r/hexagon-agility-reaches-milestone-with-additional-orders-for-natural-gas-fuel-systems-for-cummins-x1,c4149270 SOURCE Hexagon Composites ASA WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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