Hexagon Annual Report 2019

35 2019 AT A GLANCE FROM THE BOARD ROOM FINANCIAL STATEMENTS Mobile Pipeline HEXAGON MASTERWORKS Hexagon MasterWorks specializes in short series production of high-pressure hydrogen cylinders. Hexagon MasterWorks is focused on prototype develop- ment activities within hydrogen as well as expansion oppor- tunities within aerospace and other niche areas. The unit is also a supplier of key manufacturing equipment. It functions as an incubator business unit focused on lower-volume, specialized engineering, manufacturing and design. Hexagon MasterWorks is a critical supplier of state-of-the- art propellant and pressure tanks to a commercial launch vehicle. The propellant tanks exhibit structural composite attachments that are machined to exacting requirements. That experience yields a wealth of knowledge in composite processing equipment and know-how. This know-how is leveraged within the greater Hexagon Group via equipment capabilities and production processes. Hexagon MasterWorks business activities migrated to Hexagon Purus from 1 January 2020. This transfer was done to leverage the capabilities in preparation for the expected future growth within hydrogen. HEXAGON DIGITAL WAVE Hexagon Digital Wave is a leading manufacturer of ultrasonic examination (UE) cylinder testing equipment, modal acoustic emission (MAE) testing equipment and a provider of associated inspection services. The company is specialized in evaluation of pressurized cylinders for metal and composite cylinders. The container’s content is not required to be removed during inspection as it is in traditional hydrostatic testing methods which significantly reduces the out of service time. Hexagon Digital Wave is an important equipment and technology supplier to the gas distribution industries by reducing their inspection costs while improving cylinder inspection accuracy. Specialized composite products WORKFORCE 1) 20 Testing technology WORKFORCE 1) 27 1) FTEs