In Q3 2024, Hexagon Purus achieved remarkable financial results, including a record-high quarterly revenue of NOK 544 million, marking a 43% increase from the same period in 2023. The company reported positive EBITDA and improved its EBITDA margin significantly, showcasing a positive trend in its financial performance. The quarter was positively impacted by a contract termination payment from Daimler Trucks North America. Furthermore, Hexagon Purus successfully raised approximately NOK 1 billion through an equity private placement, strengthening its financial position. The company also inked a multi-year supply agreement with GILLIG for hydrogen fuel storage systems, enhancing its presence in the US market. Additionally, strategic partnerships were a key focus, with amendments to the battery cell supply agreement with Panasonic Energy, reducing outstanding pre-payment by USD 21.5 million. Moreover, Hexagon Purus secured a contract with New Flyer for hydrogen cylinders, reinforcing its position in the transit bus segment in North America. Noteworthy is the completion of a new vehicle integration facility in Dallas, marking the end of a capacity expansion program, providing the company with the manufacturing capacity required for future growth without significant capital investments. Hexagon Purus also ended the quarter with a solid order backlog, ensuring full coverage for its FY 2024 revenue target. Hexagon Purus's HMI segment showed robust performance, with significant revenue growth in hydrogen infrastructure and mobility solutions. The company's hydrogen mobility business, including sales of hydrogen cylinders to transit bus OEM customers and heavy-duty vehicle clients, contributed significantly to this growth. Overall, the strong financial results, successful partnerships, and strategic investments indicate a positive outlook for Hexagon Purus, positioning the company for continued growth in the hydrogen sector.