Hexagon Purus ASA ("Purus" or “the Group”) has decided to provisionally award up to 91 350 Restricted Share Units ("RSUs") and 1 099 241 Performance Share Units ("PSUs", collectively, the "Units") to executive management and other leading employees of the Group under a 2022 Long-Term Incentive Program (the "LTIP"), to align the interests of the participants with those of the Company's shareholders. The number of shares the participants may receive under the PSUs depends on the share price develo
Hexagon Purus, through its wholly owned subsidiary, Wystrach GmbH (“Wystrach”) a leading hydrogen systems supplier, has received an order for hydrogen storage systems from the German company HPS Home Power Solutions GmbH (“HPS”), the world’s first provider of year-round, green hydrogen-based electricity storage for homes, apartments as well as commercial properties. Wystrach’s hydrogen storage systems derived from their reliable and proven industrial gas bundle technology will be used to store g
Hexagon Purus delivered robust year-over-year revenue growth in Q1 2022 coupled with strong commercial momentum across the business. Q1 2022 highlights: Revenue grew 209% year-over-year to NOK 159 million, including NOK 107 million contribution from Wystrach. Organic revenue on a standalone basis (i.e., as if Wystrach were an external customer in Q1 2022) was NOK 84 million, representing organic year-over-year growth of approximately 63%Signed a long-term binding letter of intent with Hino Motor