Hexagon Digital Wave (2022 Revenue of NOK 0.1bn)ĭigital Wave manufactures UE (Ultrasonic Examination) cylinder testing equipment and MAE (Modal Acoustic Emission) testing equipment. Ragasco is the only end consumer facing business of Hexagon.
Customers involve individuals as well as business customers in LPG distribution and forklift suppliers. Sells small cylinders used for both leisure activities (barbecue, camping) and basic needs (cooking in global regions with weak infrastructure) that rely on LPG (liquefied petroleum gas). Hexagon Ragasco (2022 Revenue of NOK 0.7bn) Here, products of Agility’s customers range from HDV (heavy duty vehicles), including refuse trucks, over to transit buses. Mobile pipeline cylinders are up to 40 feet long.Īgility also sells type 4 cylinders to truck makers that fit their vehicles with natural gas engines that require storage of gas as a fuel. These cylinders are made of composite materials (e.g., by combining a carbon fiber reinforced plastic structure with an internal liner made of gas-tight, polyethylene plastic). Offers type 4 cylinders for mobile pipelines operators of natural gas, where type 4 refers to the generation of cylinders used for gas transportation and storage.
In order to facilitate direct references to the key businesses, here is a quick introduction into the (IFRS reporting) segments of Hexagon Composites Group (or simply Hexagon or even just HC): Hexagon Agility (2022 Revenue of NOK 3.5bn) In this article I will only briefly recall the offerings of Hexagon Composites Group and refer readers to the first article for more details. However, it currently continues to struggle with the margin, especially in its largest business, Agility. This is despite the recent appreciation of the stock price – Hexagon Composites continues to steadily and yet significantly increase in revenue. My overall assessment is unchanged in that I believe Hexagon Composites to be a very reasonable long-term investment for all that want to benefit from the urgently needed transformation of the energy system. This is the first follow-up article to my initial coverage of Hexagon Composites ASA ( OTCPK:HXGCF), including its stock listed subsidiary Hexagon Purus ( OTCPK:HPURF).
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