Hammertech AS, a subsidiary of Nordic Technology Group AS ("NTG"), has
received a new order for 10 AquaFieldTM Mud multiphase meters to be delivered
by end of this year from a major international oilfield services company. The
order has a value exceeding NOK 6.6 million and represents a further step in
the commercial adoption of Hammertech's proprietary measurement technology.
The order has been placed under the previously announced three-year frame
agreement between the parties. Following this latest order, the customer has
purchased a total of 19 AquaFieldTM Mud meters, demonstrating continued
confidence in the technology and its suitability for deployment across a range
of drilling operations.
Some of the units are scheduled for installation during 2026, including
operations for leading oil and gas companies in North America and Europe.
The order comprises both onshore and offshore configurations of the AquaFieldTM
Mud meter and will support the customer's continued international deployment
of automated drilling solutions across multiple operational environments.
The order represents another important commercial milestone for Hammertech and
further strengthens the company's position as a technology provider to the
international drilling industry.
Growing Market Adoption
With this latest order, Hammertech has now secured orders for 36 AquaFieldTM
Mud meters. The company views this as a significant milestone in the
commercialisation of the AquaFieldTM technology platform and a clear indication
of growing market acceptance among leading international drilling and oilfield
services companies.
The order further demonstrates the progress being made under the previously
announced three-year frame agreement, under which the customer has indicated
an expected offtake of approximately 90 AquaFieldTM Mud meters over the coming
years. As drilling operations continue to become more automated and
data-driven, Hammertech expects strong demand for real-time mud and solids
measurement technologies going forward.
"We are very pleased to receive this new order from a leading global drilling
services provider. With a total of 19 AquaFieldTM Mud meters now purchased by
this customer, we are seeing clear evidence that the technology is delivering
measurable operational value and gaining acceptance within advanced drilling
automation environments. Reaching orders for 36 units overall is a significant
milestone for Hammertech and confirms that AquaFieldTM Mud is gaining global
traction with major industry players." says Kaare Lunde, CEO of Hammertech AS
About Hammertech AS
Hammertech AS, a subsidiary of Nordic Technology Group AS (NTG), is a
Norwegian company specialising in advanced multiphase flow metering solutions.
The AquaFieldTM Mud meter delivers real-time measurements of drilling fluids
and solids, equipping operators and service providers with insights that
enhance safety, efficiency and automation performance.
About Nordic Technology Group AS
Nordic Technology Group AS (NTG) is the majority owner of two sensor
technology companies, Hammertech AS and Wavetrain Systems AS, both offering
highly competitive solutions in large global markets. Listed on Euronext
Growth Oslo, NTG focuses on building long-term shareholder value through
active ownership of innovative technology companies with strong growth
potential. NTG targets industries where technological differentiation,
scalability and sustainability are key drivers of competitive advantage.
For additional information, please contact:
Rune Rinnan
Group CEO
Chair Hammertech AS
Mobile: +47 900 56 028
rune.rinnan@ntechgroup.no
Kaare Lunde
CEO, Hammertech AS
info@hammertech.no
56 028\
rune.rinnan@ntechgroup.no\
\
Kaare Lunde\
CEO\, Hammertech AS\
info@hammertech.no\