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Hexagon Composites' wholly owned subsidiary Hexagon Lincoln announces an order for Titan XL trailers from Xpress Natural Gas LLC (XNG) with a total estimated value of USD 8 million.
This order represents a significant expansion to XNG's already substantial Titan fleet, which the company uses as its standard trailer to deliver natural gas to industrial, commercial and municipal customers throughout the United States and Canada. The order coincides with the expected US DOT approval of the Titan XL and includes an option to further purchase additional trailers worth up to USD 16 million. Deliveries are scheduled to commence in fourth quarter 2016.The Titan XL, introduced to Latin America in 2015, represents the globally largest volume road trailer for the transportation of compressed natural gas (CNG). Its unique, ultra-light carbon fiber Type 4 cylinders allow it to meet the GVWR (Gross Vehicle Weight Rating) limitations of several US states.The order from XNG is contingent on receiving an extension of the current US DOT special permit by 15 July for Hexagon Composites' Titan to also include Titan XL.More information: www.hexagon.no