Regulatory Filings • Nov 24, 2025
Regulatory Filings
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Hammertech AS Secures Repeat Order for AquaField Mud Meters
Hammertech AS Secures Repeat Order for AquaField Mud Meters from Customer in
the Automated Drilling Domain
Bergen, Norway -- Hammertech AS, a subsidiary of Nordic Technology Group AS
(NTG), is pleased to announce a significant repeat order of four additional
AquaField Mud Meters from an existing customer in the automated drilling
domain operating in the Americas region, where the AquaField Mud Meter has
been successfully integrated into their drilling system. This customer already
operates three AquaField units in production, and the new order further
reinforces their confidence in Hammertech's technology. The value of the new
order is approximately 2,300,000 NOK.
Demonstrating Trust Through PerformanceBergen, Norway -- Hammertech AS, a
subsidiary of Nordic Technology Group AS (NTG), is pleased to announce a
significant repeat order of four additional AquaField Mud Meters from an
existing customer in the automated drilling domain operating in the Americas
region, where the AquaField Mud Meter has been successfully integrated into
their drilling system. This customer already operates three AquaField units in
production, and the new order further reinforces their confidence in
Hammertech's technology. The value of the new order is approximately 2,300,000
NOK.
The repeat order is a strong endorsement of the AquaField Mud Meter's reliable
performance and value in demanding drilling environments. As the customer
expands its use of automation in drilling operations, Hammertech's unique
technology continues to play a central role in achieving safer and more
efficient workflows. The solution has been seamlessly integrated into the
customer's drilling system, highlighting both the adaptability and
effectiveness of the AquaField Mud Meter in real-world automated environments.
Significantly Improving Mud Measurement with AquaField
The AquaField Mud Meter is a standout innovation in drilling technology,
offering real-time measurement capabilities for both drilling fluids and
solids. Traditional tools, including many multiphase flow meters, have
struggled to provide accurate measurements of mud content, which are critical
for maintaining safe and efficient drilling operations. Hammertech's
technology addresses this challenge by delivering reliable insights into the
flow of fluids and solids, enabling operators to make better decisions, reduce
downtime, and enhance overall performance.
The Hammertech AquaField Mud Meter is the first multiphase meter capable of
accurately measuring mud and solids in drilling operations, making it a truly
unique solution in the industry.
Market Momentum and 2026 Outlook
With this fifth customer order, the installed base of AquaField Mud Meters
continues to grow. Hammertech expects a further pickup in demand throughout
2025 and forecasts that the market will require between 50 and 60 units in
2026. This trend reflects the increasing global emphasis on automation,
performance, and safety in drilling operations.
Executive Commentary
Kaare Lunde, CEO of Hammertech AS, commented:
"We are thrilled to receive this repeat order. It clearly shows that our
technology delivers as promised and that customers recognize the tangible
benefits of using the AquaField Mud Meter in their operations. This is more
than a sale -- it is a testimonial to the performance and reliability of our
product. We look forward to continuing our collaboration and supporting our
customer's drive toward more automated 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. This unique capability provides Hammertech with unparalleled
growth opportunities as traditional tools struggle to meet the demands of the
mud measurement domain.
Contact Information
Group CEO Rune Rinnan
Chair Hammertech AS
Mob. +47 900 56 028
www.ntechgroup.no (http://www.ntechgroup.no/)
Kaare Lunde, CEO Hammertech AS
www.hammertech.no (http://www.hammertech.no/)
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