30 Mar 2026 09:49 CEST

Issuer

Nordic Technology Group AS

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


669736_Hammertech AS Receives Large Follow-On Order for AquaField Mud Meters.pdf

Source

Nordic Technology Group AS

Provider

Oslo Børs Newspoint

Company Name

NORDIC TECHNOLOGY GROUP AS

ISIN

NO0011018434

Symbol

NTG

Market

Euronext Growth