19.10.2023 16:00:06 - dpa-AFX: GNW-Adhoc: Hexagon Digital Wave enters into strategic partnership with Compass Natural Gas

CENTENNIAL, CO., October 19, 2023: Hexagon Digital Wave, a business of Hexagon
Composites, has entered into a strategic partnership with Compass Natural Gas,
an industry leader of compressed natural gas (CNG) delivery, to perform Modal
Acoustic Emission (MAE) requalification of composite Type 4 cylinders used in
mobile pipeline trailers in the northeast region of the United States. This
agreement expands the footprint and further strengthens the market position of
Hexagon Digital Wave's MAE services.
Driving energy transformation
Compass Natural Gas has commissioned a new site in Montoursville, Pennsylvania
strategically located for easy and efficient distribution of natural gas to a
large regional customer base using mobile pipeline trailers. The Department of
Transportation requires mobile pipeline trailers to be requalified every fifth
year.
"We are excited about this new partnership with Hexagon Digital Wave as it will
provide mobile pipeline operators in the northeast region with the opportunity
to utilize Hexagon's proven MAE technology. Compass Natural Gas is committed to
the safety, quality, and reliability of our mobile pipeline trailers. Partnering
with Hexagon Digital Wave on this new Montoursville, PA site will allow us to
meet those objectives efficiently and effectively," says Oscar Mendez, COO,
Compass Natural Gas. "Hexagon has been pivotal to the growth of Compass over the
years, and we feel that our talented and experienced staff coupled with their
skilled team and innovative technology will make this a successful partnership."
"We are very pleased to strengthen our relationship with Compass Natural Gas -
and to make our MAE technology more regionally accessible within North America,"
says George Siedlecki, CEO, Hexagon Digital Wave. "This initiative enhances
operational efficiency while alleviating major pain points for our customers.
Our unique capabilities, together with Compass' industry operating experience,
make this partnership appealing to both parties."
Timing
Teams from Hexagon Digital Wave and Compass began performing MAE requalification
services on Type 4 mobile pipeline CNG fleets in Q3 2023, with services
scheduled through Q4 2023. The strategic partnership agreement will
automatically be renewed annually.
About the technology
MAE uses advanced electronics and sensors that capture broadband waveforms and
specialty algorithms to identify structural integrity flaws present in composite
pressure vessels. MAE is an authorized periodic inspection method approved by
the Department of Transportation / Pipeline of Hazardous Materials Safety
Administration and Transport Canada. Testing using the MAE technology eliminates
venting of contents to the atmosphere thereby minimizing environmental impact.
A significant increase in customer demand for compressed gas transport is
driving trailer owners to seek safe, yet time efficient, methods of cylinder
requalification. Hexagon Digital Wave's MAE technology meets these needed
requirements, and when deployed alleviates pain points for owners / operators
and trailer OEMs alike.
Contacts:
Karen Romer, SVP Communications, Hexagon Composites
Telephone: +47 950 74 950 | karen.romer@hexagongroup.com
(https://www.globenewswire.com/Tracker?data=pGt2aMfuKGDiUeSDbz9hHCja4h8NaoR_laB_
o0fEtYjnCBo4-trCgiQhLCqwUPY80RoipHfLbpR7aL6h0yX5kB2MDaCh3c18fO4N-
M1eCoR5wJtMGVtYFz0ZRoVnoJZA)
Ryan C. Pennock, Head of Business Development
Telephone: 770 262 4719 | ryan.pennock@hexagondigitalwave.com
(mailto:ingrid.aarsnes@hexagongroup.com)
About Compass Natural Gas
Compass Natural Gas Partners LP is an industry leader in compressed natural gas
distribution (CNG). Compass utilizes a virtual pipeline to deliver compressed
natural gas (CNG) via truck across the Mid- Atlantic region in the northeast of
the United States to customers not located on a pipeline. Compass Natural Gas
technologies have evolved as the industry standard for best practices of
compressed natural gas delivery. With the Quaker Terminal in Montoursville, PA
and strategic gas supply partners in the Greater Pittsburgh region, and the
Midwest, Compass provides end to end CNG solutions comprised of gas sourcing,
compression via stationary or mobile compressors, gas transportation,
decompression via our specialized mobile pressure reduction units, and remote
24/7 monitoring. Compass Natural Gas serves numerous customer types such as oil
& gas producers, gas utilities, government facilities, greenhouses, food
processors, manufacturers, aggregate producers, and vehicle fleets. Compass
Natural Gas was born out of a desire to supply clean, safe, and American natural
gas to customers across North America and our promise to them is rapid
implementation followed by uninterrupted energy delivery.
About Hexagon Digital Wave
Hexagon Digital Wave, a subsidiary of Hexagon Composites ASA, is a leading
digital solutions provider of non-destructive testing methods, which includes
Ultrasonic Examination (UE) and Modal Acoustic Emission (MAE) inspection
products and services. With applications in the industrial gas, fire service
equipment, medical oxygen, automotive, alternative fuels, and aerospace
industries, Hexagon Digital Wave's goal is to remove technology barriers and
simplify workflows with digital and automated platforms that enhance
productivity and reduce total cost of ownership. Through its platforms, Hexagon
Digital Wave is on the leading edge of reducing cylinder landfill waste and
increasing asset availability and up-time.
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, industrial and consumer applications. Learn more at
www.hexagongroup.com (http://www.hexagongroup.com) and follow @HexagonASA on
Twitter and LinkedIn.
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Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
HEXAGON COMP NK-,10 904953 Frankfurt 2,615 22.07.24 13:24:24 +0,075 +2,95% 2,565 2,640 2,510 2,540

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