NORDIC TECHNOLOGY GROUP AS NTG NON-REGULATORY PRESS RELEASES

Hammertech AS Receives Large Follow-On Order for AquaField Mud Meters

30. March 2026 kl. 09:49

Bergen, Norway -- Hammertech AS, a subsidiary of Nordic Technology Group AS (NTG), is pleased to announce a new purchase order for 10 AquaField Mud Meters from an established customer in the automated drilling domain in the Americas region for delivery this year. The order, valued at approximately NOK 5.5 million, represents a further expansion of the customer's deployment of Hammertech's technology following a series of successful deliveries and integrations.

The continued collaboration reflects a deepening partnership, as the customer progresses from initial adoption toward broader implementation of AquaField Mud Meters across its operations.

Expanding Deployment Across Operations

Following multiple successful deployments, the customer is now advancing toward a wider rollout of AquaField Mud Meters as part of its automated drilling strategy. The increasing scope of deployment highlights the operational value of accurate, real-time measurement of drilling fluids and solids, particularly in complex and performance-critical environments.

Hammertech's technology has become an integral component in supporting the customer's efforts to enhance efficiency, consistency, and operational insight across drilling activities.

Executive Commentary

Kaare Lunde, CEO of Hammertech AS, commented:

"This latest order marks an important step in the continued development of our collaboration. Moving from initial installations to broader deployment is a strong indication that the AquaField Mud Meter delivers consistent value in demanding operations. We appreciate the confidence shown by our customer and are committed to supporting their ongoing efforts to advance automated and data-driven drilling."

Continued Market Adoption of AquaField Technology

With this order, the customer is establishing a substantial installed base of AquaField Mud Meters within its operations. This progression reflects a broader industry trend, where operators are increasingly standardising on technologies that provide reliable, real-time insights to support automation and performance optimisation.

Hammertech continues to see strong interest from the automated drilling segment and expects sustained demand as the industry moves toward more integrated and intelligent drilling solutions.

About Hammertech AS

Hammertech AS, a subsidiary of Nordic Technology Group AS (NTG), is a Norwegian company specializing in advanced multiphase flow metering solutions. The AquaField Mud Meter delivers real-time measurements of drilling fluids and solids, equipping operators with tools to enhance safety, efficiency, and decision-making.

Contact Information

Group CEO Rune Rinnan Chair Hammertech AS Mob. +47 900 56 028 rune.rinnan@ntechgroup.no

Kaare Lunde, CEO Hammertech AS info@hammertech.no

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