Vow ASA: Significant change order confirmed
04 April 2024 - 4:26PM
Vow ASA: Significant change order confirmed
Oslo, 4 April 2024: Vow ASA (OSE: VOW) Scanship
AS has achieved a significant milestone today by securing a change
order worth EUR 2.1 million from a prominent European
shipyard.
This is a change order to two existing contracts in the
company’s backlog. With this change order, the total scope of the
largest contract now amounts to EUR 10.4 million, ranking it as the
largest single technology supply contract ever awarded to Scanship
for a cruise ship under construction.
“This is more than double the average size of contracts only a
few years back. It confirms a trend we see among shipowners and
shipyards to include more advanced climate and cleantech technology
and solutions about the cruise ships. With increased emphasis on
environmentally sustainable practices and innovative technologies,
and construction of even larger ships, our offering is becoming
increasingly relevant and attractive,” said Henrik Badin, CEO of
Vow ASA.
For more information, please contact:
Henrik Badin, CEO, Vow ASATel: +47 90 78 98 25Email:
henrik.badin@vowasa.com
Tina Tønnessen, CFO, Vow ASATel: +47 406 39 556Email:
tina.tonnessen@vowasa.com
About Vow
Vow and its subsidiaries Scanship, C.H. Evensen and Etia are
passionate about preventing pollution. The company’s world leading
solutions convert biomass and waste into valuable resources and
generate clean energy for a wide range of industries.
Advanced technologies and solutions from Vow enable industry
decarbonisation and material recovery. Biomass, sewage sludge,
plastic waste and end-of-life tyres can be converted into clean
energy, low carbon fuels and renewable carbon that replace natural
gas, petroleum products and fossil carbon. The solutions are
scalable, standardised, patented, and thoroughly documented, and
the company’s capability to deliver is well proven.
The company is a cruise market leader in wastewater purification
and valorisation of waste. It provides technology and solutions
which enable industries to transition towards a fossil-free future
by converting biomass and waste into valuable resources and clean
energy. The company also has strong niche positions in food safety
and robotics, and in heat-intensive industries with a strong
decarbonising agenda.
Located in Oslo, the parent company Vow ASA is listed on the
Oslo Stock Exchange (ticker VOW).
The information is such that Vow ASA is required to disclose in
accordance with the EU Market Abuse Regulation. This information is
subject of the disclosure requirements pursuant to section 5-12 of
the Norwegian Securities Trading Act.
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