Hexagon Composites ASA (OTCMKTS:HXGCF) (OTCMKTS: HXGCF) is a Norway‐based industrial company specializing in the design, manufacture and distribution of advanced composite pressure cylinders and gas storage systems. Headquartered in Asker, the company develops Type III and Type IV cylinders engineered to safely store and transport environmentally friendly gases, including compressed natural gas (CNG), renewable natural gas (RNG), hydrogen and liquefied petroleum gas (LPG). Its solutions are used across a broad range of applications—from commercial transport and industrial gas handling to energy refueling stations.
Originally founded in the early 1980s to serve the emerging market for lightweight pressure vessels, Hexagon has expanded through organic growth and strategic acquisitions to become a global leader in composite cylinder technology. Key product lines include high-pressure cylinders for heavy-duty vehicles, modular fuel storage systems for maritime and rail applications, and cryogenic vacuum vessels for liquefied gases. The company also offers engineering services covering cylinder design, testing, certification and lifecycle management to ensure safe operation and regulatory compliance.
Hexagon Composites operates production facilities and regional offices across Europe, North America and Asia, serving customers in more than 50 countries. Major manufacturing sites are located in Norway, Germany, the United States and India, supported by a global network of sales and service centers. The company maintains strategic partnerships with vehicle OEMs, energy utilities and industrial gas suppliers to integrate its composite solutions into clean-fuel infrastructure and transportation projects worldwide.
Under the leadership of President and CEO Jon Erik Haug, Hexagon Composites continues to invest in research and development, focusing on next-generation materials, lightweight designs and digital monitoring systems. The management team emphasizes sustainability and innovation as core drivers of long-term growth, positioning the company to benefit from accelerating demand for low-carbon mobility and green energy storage solutions.
