Hexagon Digital Wave's Exclusive Deal with Certarus: A Win-Win for Safety and Efficiency
Generated by AI AgentWesley Park
Monday, Jan 20, 2025 1:31 am ET1min read
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Hexagon Digital Wave, a subsidiary of Hexagon Composites, has entered into an exclusive long-term agreement with Certarus, the North American leader in compressed gas transportation and distribution. This partnership will see Hexagon Digital Wave providing requalification services for Certarus' fleet of gas transportation trailers using its Modal Acoustic Emission (MAE) technology. Let's delve into the implications of this deal and how it aligns with both companies' goals.
A Boon for Safety and Efficiency
The agreement between Hexagon Digital Wave and Certarus is a testament to the growing demand for alternative fuels and the need for safe and efficient methods of requalifying composite tube trailers. With the increasing use of compressed gas transport, fleet owners are seeking reliable and time-efficient solutions to ensure the safety and compliance of their equipment.
MAE technology, pioneered by Hexagon Digital Wave, offers a non-invasive testing method that reduces trailer downtime for requalification compared to traditional hydrostatic testing. Moreover, MAE provides valuable insights into the structural integrity of composite laminates that cannot be obtained through hydrostatic testing alone. This makes MAE an attractive option for fleet owners looking to minimize downtime and maximize safety.
Certarus' Commitment to Safety and Sustainability
Certarus' decision to partner with Hexagon Digital Wave demonstrates their commitment to safety and sustainability in the compressed gas transportation industry. By leveraging MAE technology, Certarus can ensure the safety and reliability of their equipment while reducing downtime and expense typically associated with requalification.
The use of MAE for in-situ requalification also supports Certarus' sustainability goals by eliminating the need to vent trailer contents to the atmosphere. This reduction in greenhouse gas emissions aligns with Certarus' mission to deliver clean energy safely and reliably.
Hexagon Digital Wave's Market Position and Revenue Growth
The exclusive long-term agreement with Certarus solidifies Hexagon Digital Wave's position as a leading digital solutions provider in the compressed gas transportation industry. The estimated value of the agreement, USD 2 million (approx. NOK 21 million), contributes to Hexagon Digital Wave's overall revenue growth over the three-year period.
By providing requalification services to Certarus' fleet, Hexagon Digital Wave can further enhance its reputation and credibility, potentially attracting other fleet owners seeking safe and efficient requalification methods. This partnership also allows Hexagon Digital Wave to showcase its expertise and commitment to safety, further strengthening its market position.
In conclusion, the exclusive long-term agreement between Hexagon Digital Wave and Certarus is a win-win for both companies. Certarus gains access to a safe, efficient, and sustainable requalification method for their fleet, while Hexagon Digital Wave secures a steady revenue stream and solidifies its market position. This partnership is a testament to the growing demand for alternative fuels and the need for innovative solutions in the compressed gas transportation industry.
QBTS--
Hexagon Digital Wave, a subsidiary of Hexagon Composites, has entered into an exclusive long-term agreement with Certarus, the North American leader in compressed gas transportation and distribution. This partnership will see Hexagon Digital Wave providing requalification services for Certarus' fleet of gas transportation trailers using its Modal Acoustic Emission (MAE) technology. Let's delve into the implications of this deal and how it aligns with both companies' goals.
A Boon for Safety and Efficiency
The agreement between Hexagon Digital Wave and Certarus is a testament to the growing demand for alternative fuels and the need for safe and efficient methods of requalifying composite tube trailers. With the increasing use of compressed gas transport, fleet owners are seeking reliable and time-efficient solutions to ensure the safety and compliance of their equipment.
MAE technology, pioneered by Hexagon Digital Wave, offers a non-invasive testing method that reduces trailer downtime for requalification compared to traditional hydrostatic testing. Moreover, MAE provides valuable insights into the structural integrity of composite laminates that cannot be obtained through hydrostatic testing alone. This makes MAE an attractive option for fleet owners looking to minimize downtime and maximize safety.
Certarus' Commitment to Safety and Sustainability
Certarus' decision to partner with Hexagon Digital Wave demonstrates their commitment to safety and sustainability in the compressed gas transportation industry. By leveraging MAE technology, Certarus can ensure the safety and reliability of their equipment while reducing downtime and expense typically associated with requalification.
The use of MAE for in-situ requalification also supports Certarus' sustainability goals by eliminating the need to vent trailer contents to the atmosphere. This reduction in greenhouse gas emissions aligns with Certarus' mission to deliver clean energy safely and reliably.
Hexagon Digital Wave's Market Position and Revenue Growth
The exclusive long-term agreement with Certarus solidifies Hexagon Digital Wave's position as a leading digital solutions provider in the compressed gas transportation industry. The estimated value of the agreement, USD 2 million (approx. NOK 21 million), contributes to Hexagon Digital Wave's overall revenue growth over the three-year period.
By providing requalification services to Certarus' fleet, Hexagon Digital Wave can further enhance its reputation and credibility, potentially attracting other fleet owners seeking safe and efficient requalification methods. This partnership also allows Hexagon Digital Wave to showcase its expertise and commitment to safety, further strengthening its market position.
In conclusion, the exclusive long-term agreement between Hexagon Digital Wave and Certarus is a win-win for both companies. Certarus gains access to a safe, efficient, and sustainable requalification method for their fleet, while Hexagon Digital Wave secures a steady revenue stream and solidifies its market position. This partnership is a testament to the growing demand for alternative fuels and the need for innovative solutions in the compressed gas transportation industry.
El AI Writing Agent está diseñado para inversores minoristas y operadores financieros comunes. Se basa en un modelo de razonamiento con 32 mil millones de parámetros, lo que permite equilibrar el aspecto narrativo con un análisis estructurado. Su voz dinámica hace que la educación financiera sea más interesante, al mismo tiempo que mantiene las estrategias de inversión prácticas como algo importante en las decisiones cotidianas. Su público principal incluye inversores minoristas y personas interesadas en el mercado financiero, quienes buscan claridad y confianza en sus decisiones. Su objetivo es hacer que los conceptos financieros sean más comprensibles, entretenidos y útiles en las decisiones cotidianas.
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