PRESENTATION

OF

RAGASCO COMPOSITE LPG CYLINDERS

www.hexagon.no

Fully owned subsidiary of Hexagon Composites 100 Employees

Situated in Raufoss, Norway ISO 9001 certified

1st cylinder introduced in 2000 Established in 1997

DEVOLD AMT A.S.

Windmill BladesComponents for

Ships and Aircrafts

RAGASCO A.S.Composite

containers for LPG distribution

RAFS A.S.CNG containers for Automotive

Fuel Systems

LINCOLN COMPOSITES

CNG containers for Automotive

Fuel Systems

HEXAGON COMPOSITES

Annual Production

0

200000

400000

600000

800000

1000000

1200000

1400000

1600000

Yearly Production

Yearly Production 139704 142022 176416 180087 195580 380000 352000 721000 100000012500001570000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

2008 ESTIMATE 1 MILLION UNITS

Our History

1990’s

CNG SYSTEMSBUSSES & OTHER VEHICLES

1980’s

DEFENSE PROJECTS

Missile fuselages

2000

LPG CYLINDERSLPG DISTRIBUTION

CAPACITY

PROPANE

BUTANE

5KG

6KG

7.5KG

8.5KG

10KG

12KG

14KG

16.5KG

TARE WEIGHTWITHOUT VALVE

3.6KG 4.2KG 5.1KG 7.9KG

WATER CONTENT 12.5L 18,2L 24.5L 33.5L

HEIGHT 400mm 461mm 587mm 720mm

DIAMETER 305mm 305mm 307mm 307mm

AVAILABILITY In Market In Market In Market In Market

Specifications of range

3 layer technical description

1 2 3

The seamless polymer liner for gas containment acts as a

gas barrier

The fiber structure holds the pressure and prevents the burst of the pressure

vessel under extreme conditions

The fully integrated outer casing protects the valve, the pressure vessel and from the environment around it. This gives COMPLET® its unique and

dynamic appearance

Manufacturing process

HDPE LinerBlow Molded

Fiber glass layerFilament winding

&Oven Curing

Test ProcessPneumatic pressure

test (30 / 33bar)&

Tightness Test (18bar with helium)

HDPE CasingInjection molding

3 pieces&

Mechanical Joint

Liner with brass insertHigh Density

Poly Ethylene

(HDPE)

Blow molded.

In-house

Chemical

Resistant Layer

Gas Tight Layer

Boss with

Brass insert

welded to liner

Pressure

resistant to

2-3 bar

Composite Layer

Pressure

Resistant Layer

Glass Fibre with

vinylester resin

Fully automated

in-house

manufacturing

process

UV resistant

Chemical

Resistant

CasingHDPE in a 3-piece

design

Injection

Molded &

Mechanical Joint

Provides

protection

against impact

Stackable

and easily

handled

Appearance

will be

maintained

for lifetime of use

Esthetic

appearance

Valve/Cylinder InterfaceInjection molded HDPE boss with brass insert

BRASS INSERT COVERED BY

COMPOSITE LAYER

HDPE BOSS BRASS INSERT

BOSS WELDED WITH LINER

Valve/Cylinder Interface

Standard InterfaceDependent on country

M26 or M34 thread and O-ring for tightness

LPG Flow diffuser to eliminate any risk of charge

from static electricity

ApplicationsHousehold

ApplicationsMotorFuel

Distributor advantages

TRANSLUCENCY

Visual guarantee for full

cylinder

OPERATION

Reduced

maintenance costs.

Easier handling,

reduced noise

emission during

filling

SECURITY

No Explosion

No Corrosion

CASING

Attractive casing.

Branding Options,

Stackable,

Innovative

LIGHT WEIGHT

Reduced

transport costs

Reduced operator

work loads

Distributor advantagesATTRACTIVE SALES POINTS

Consumer AdvantagesTRANSLUCENCY

Visible LPG liquid

level.

Check on LPG

quantity – no surprise

RUN OUT

SECURITY

No Explosion

No Corrosion

CASING

Attractive design,

No Damage to

floor tiles, No

damage to car

interiors.

Stackable

LIGHT WEIGHTEasy

transportation.

Easy change of

using point (e.g.

From BBQ to

heater)

Fire Resistance

• WITHOUT PRESSURE RELEASE DEVICE

• After 1-2 minutes - The casing and liner will start melting.

• After 3-5 minutes the LPG will start burning off in a controlled manner through fissures in the cylinder wall

• WITH PRESSURE RELEASE DEVICE• After 1-2 minutes – The casing

and lining will start melting and the PRD will open when the pressure is high enough (dependant on the intensity of the fire) The PRD will open and close to aliviate pressure and burn off the LPG when open.

• After 3 – 5 minutes the LPG will start burning off in a controlled manner through fissures I the cylinder wall.

STEEL CYLINDERS WILL EXPLODE IN THE FIRST CASE&

MAY EXPLODE IN THE SECOND CASE

FIRE RESISTANCE TESTComparative Fire test of RAGASCO Composite compared and Steel Cylinder

RESULTRagasco Composite: Controlled LPG Burn Off, NO EXPLOSION

Steel: EXPLOSION

Market Experience

• HISTORY– 2000–’01: Norway, Sweden,

Denmark, Finland

– 2003: Global Supply Contract with BP Gas International

– 2004: UK, Switzerland, Portugal, Iceland, Benelux

– 2005: Poland, Nigeria, Austria, Tahiti

– 2006: USA, France

– 2007: Canada

– 2008: Mexico, Italy, Venezuela, Vietnam, Albania

• EXPERIENCE– The composite cylinders

enters into a premium market

– After a period of 1-2 years, the composite cylinders will occupy a stable part of the market.

– After 5 – 10 years, the composite segment can be as much as 50% of all new fillings.

Market Experience

European Union – Pi mark ADR/RID (EN12245) USA

DOT Exemption 12706

Other approvals in: Canada, Nigeria, Malaysia, South Africa, India, Vietnam, Mexico,Venezuela etc

Approval Record

Business Development

FOR MARKET DEMAND OF LESS THAN 700 00 UNITS PER ANNUM:

CYLINDERS SUPPLIED FROM RAGASCO, NORWAY

FOR MARKET DEMAND OF MORE THAN 700 000 PER ANNUM

LOCAL MANUFACTURING. LOCAL PARTNER & RAGASCO/HEXAGON

(MIN 51%)

INITIAL SUPPLY OF CYLINDERS FROM RAUFOSS, NORWAY

PILOT PROJECT AND EVALUATION

IF OK

SUPPLY OF CYLINDERS FROM RAGASCO, NORWAY