Hexagon Composites enters the compressed natural gas-for- rail market

Hexagon Composites’ wholly owned subsidiary Hexagon Lincoln has entered into a joint venture

agreement with Allegheny Creative Energy Solutions LLC (ACES) and Resonance Mode, Inc to create

a new entity. As the majority shareholder, Hexagon Composites will support the new entity to

develop and manufacture CNG fuel solutions for the rail industry.

“As pioneer of CNG-for- rail, we are very pleased to be joining forces with world-class manufacturer

Hexagon Composites and innovative engineering firm Resonance Mode,” said Ross Rowland,

Chairman of ACES, LLC. “We are confident that CNG will become the railroad fuel of the future.

Hexagon Composites’ strength and capacity make it the only manufacturer able to meet the CNG

storage demand.”

ACES and Resonance Mode have extensive experience with American railroads and have designed

prototype CNG tenders, fuel storage, and trackside refueling systems with Hexagon Composites’

bulk-capacity TITAN® cylinders. The joint venture’s primary focus will be the US market, but it will

provide CNG rail solutions worldwide. CNG as the most economic fuel for locomotives will

significantly reduce engine exhaust particulates and improve emissions in their surrounding

communities.

“We see great opportunities in the global rail market, even with current oil prices,” said Frank

Häberli, Vice President, Mobile Pipeline®, Hexagon Lincoln. “Long-term competitive fuel pricing and

meeting reduced emissions requirements, especially for railroads operating in metropolitan areas,

are very important market drivers for the adoption of CNG in this segment.”

In addition to providing TITAN® cylinders for tender cars carrying fuel for the largest (Class I)

locomotives, Hexagon Composites provides on-board CNG cylinders for small and medium-size

(Class II and III) locomotives.

NGS INDIA