July 6, 2016 - 2:42 AM EDT
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Hexagon Composites supports Indonesia's green shift with CNG cylinders for light-duty vehicle conversions

PRESS RELEASE

Hexagon Composites' wholly-owned subsidiary Hexagon Raufoss has received an order from PT Autogas in Indonesia for 1,000 cylinders for conversion of taxis and government vehicles to compressed natural gas (CNG). Deliveries will mainly be in third quarter of 2016.

Indonesia is quickly adopting CNG as an alternative to diesel and gasoline as a result of a government oil-to-gas campaign. The program's goal is to reduce pollution and diversify fuel in the public transportation sector.

PT Autogas is the country's leading conversion company for natural gas heavy-duty vehicles, transit buses and passenger cars. Hexagon Composites' cylinders are ideal for these applications because they are 30% the weight of steel, which reduces fuel consumption and extends range between refillings.

"Our company's mission is to provide natural gas solutions that combine the latest technology with the highest standard of durability, reliability and safety," says Thomas Nurhakim, President Director, PT Autogas. "We use Hexagon Composites' cylinders for our conversions because of their industry leadership"



PT Autogas is owned by PT Draco, which took delivery of SMARTSTORE® modules earlier this year to support its mobile refilling units (MRU) used around the city of Jakarta. "Passenger cars with Hexagon Composites cylinders may refuel with MRUs that use SMARTSTORE® gas transportation systems," says Ragnar Holthe, Managing Director Automotive, Hexagon Raufoss. "We are committed to the momentum that environmental friendly fuels are experiencing in Southeast Asia and are pleased that our CNG solutions are helping reduce pollution in Indonesia."

For more information:
Solveig D Saether, Communication Manager, Hexagon Composites ASA
Telephone: +47 906 34 977 | [email protected]

Ragnar Holthe, Managing Director Automotive, Hexagon Raufoss AS
Telephone: +47 970 74 245 | [email protected]

Hexagon Composites ASA is a publicly listed company with its headquarters in Aalesund, Norway. The Group develops and produces composite pressure cylinders and systems for storage and transportation of various gases. www.hexagon no

Follow us on Twitter: @HexagonASA


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Source: Hexagon Composites ASA via Globenewswire

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Source: Thomson Reuters ONE (July 6, 2016 - 2:42 AM EDT)

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