03 Dec 2025 09:00 CET

Issuer

Nordic Technology Group AS

Bergen, Norway -- Hammertech AS, a subsidiary of Nordic Technology Group AS
(NTG), has received a substantial repeat order valued at approximately NOK 4.1
million from a major global drilling service provider. The customer has been
evaluating AquaField Mud Meters across different operational settings, and
this new order represents a continued scale-up of their use of the Hammertech
technology.

Building on Proven Performance

The order includes equipment intended for both onshore and offshore
operations, supporting the customer's broader initiatives to improve
operational insight and reduce manual handling. AquaField Mud Meters have
demonstrated strong performance in demanding drilling conditions by delivering
real-time data on drilling fluid and solids content.

Unique Capabilities Driving Adoption

AquaField continues to gain momentum as a next-generation measurement
technology in modern drilling workflows. As the first solution capable of
providing continuous measurement of both mud and solids in real time,
AquaField enables operators to improve efficiency, enhance safety, and support
increasingly automated drilling processes.

Market Momentum and Outlook

This repeat order reflects Hammertech's growing footprint in the drilling
technology segment. With rising international interest and multiple ongoing
customer evaluations, Hammertech expects continued uptake through 2026 and
expanding demand in subsequent years.

Executive Commentary

Kaare Lunde, CEO of Hammertech AS, said:

"This repeat order confirms the value our technology brings to drilling
operators seeking higher-quality real-time data. We are pleased to support a
global industry player as they advance their measurement and automation
capabilities."

About Hammertech AS

Hammertech AS, part of Nordic Technology Group AS (NTG), develops advanced
multiphase flow-metering technologies for the energy sector. The AquaField Mud
Meter delivers continuous, real-time measurement of drilling fluids and
solids, enabling safer operations and improved decision-making.

Contact Information

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

Kaare Lunde
CEO, Hammertech AS
info@hammertech.no
www.hammertech.no


661123_Hammertech AS Receives Significant Repeat Order for AquaField Mud Meters from a Global Drilling Service Provider.pdf

Source

Nordic Technology Group AS

Provider

Oslo Børs Newspoint

Company Name

NORDIC TECHNOLOGY GROUP AS

ISIN

NO0011018434

Symbol

NTG

Market

Euronext Growth