Hammertech received Variation Order from ADNOC

23 Jan 2023 16:13 CET

Hammertech has received a Variation Order (VO) of USD 141,000 related to a PO
received by Hammertech in January 2022 from the Abu Dhabi National Oil Company
(ADNOC) for an important strategic project. The VO became required by a change
in the specification by ADNOC after the original PO to Hammertech had been
issued. The project's objective is for ADNOC to use the Hammertechs AquaField
product on a large scale in its producing oil fields. AquaField is particularly
well suited for retrofitting on land-based production facilities and the minimal
maintenance requirements enables large-scale deployment, which is new to the
industry. The project will be completed in 2023, paving the way for larger
deliveries to ADNOC from 2024.

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