UK markets open in 1 hour 7 minutes
  • NIKKEI 225

    28,873.17
    +326.19 (+1.14%)
     
  • HANG SENG

    20,155.18
    -20.44 (-0.10%)
     
  • CRUDE OIL

    91.10
    -0.99 (-1.08%)
     
  • GOLD FUTURES

    1,808.40
    -7.10 (-0.39%)
     
  • DOW

    33,761.05
    +424.35 (+1.27%)
     
  • BTC-GBP

    20,465.90
    +62.13 (+0.30%)
     
  • CMC Crypto 200

    590.11
    +18.82 (+3.30%)
     
  • ^IXIC

    13,047.19
    +267.29 (+2.09%)
     
  • ^FTAS

    4,149.90
    +18.64 (+0.45%)
     

Hexagon Purus ASA: Successful completion of 40% acquisition of Cryoshelter

  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
Hexagon Purus ASA
Hexagon Purus ASA

(Oslo, 1 August 2022) Reference is made to the stock exchange announcement by Hexagon Purus on 21 April 2022, regarding the agreement to acquire 40% of Cryoshelter GmbH’s (“Cryoshelter”) liquid hydrogen business.

Hexagon Purus is pleased to announce that the transaction has been successfully completed. The initial investment of EUR 3.5 million brings early-stage expertise in liquid hydrogen tank technology for zero emission mobility applications and could potentially result in a future complementary offering to Hexagon Purus’ market leading portfolio of zero emission mobility technologies.

For more information:

Mathias Meidell, Investor Relations Director, Hexagon Purus 
Telephone: +47 909 82 242 | mathias.meidell@hexagonpurus.com

Karen Romer, SVP Communications, Hexagon Composites 
Telephone: +47 950 74 950 | karen.romer@hexagongroup.com

About Cryoshelter

Cryoshelter is an Austrian cryogenic storage technology company founded in 2008 by Dr. Matthias Rebernik (currently holds approximately 80% of the shares in the Company) whose PhD thesis was part of the LH2-tank project for the BMW Hydrogen 7. The Company has developed and secured patented technology for heavy-duty trucks and buses using liquid storage solutions for natural gas and hydrogen based on the same technology platform. Using proprietary designs, Cryoshelter’s commercialized liquid natural gas tanks allow for maximum utilization of frame rail space to give industry leading performance (e.g., 20-50% better fuel storage and 2-4x improved hold time versus competitors).

About Hexagon Purus

Hexagon Purus, a Hexagon Composites company, enables zero emission mobility for a cleaner energy future. The company is a world leading provider of hydrogen Type 4 high-pressure cylinders and systems, battery systems and vehicle integration solutions for fuel cell electric and battery electric vehicles. Hexagon Purus' products are used in a variety of applications including light, medium and heavy-duty vehicles, buses, ground storage, distribution, refueling, maritime, rail and aerospace.

Learn more at www.hexagonpurus.com and follow @HexagonPurus on Twitter and LinkedIn.


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting