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Vow ASA — Earnings Release 2023
Jul 11, 2022
3785_rns_2022-07-11_258c38bd-64cf-437f-b568-b33dabd6eca4.html
Earnings Release
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Vow ASA: Awarded five Safesteril contracts in second quarter
Vow ASA: Awarded five Safesteril contracts in second quarter
Vow ASA subsidiary ETIA Ecotechnologies has received orders for a total of five
Safesteril food safety systems in the second quarter. The combined value of
these orders is EUR 2.7 million.
ETIA designs and provides Safesteril plants for processing of dehydrated
products in the food industry, pharmacy and petfood sectors. The success of
Safesteril in the market is a reminder of the versatility of Vow and ETIA's
proprietary and patented Spirajoule pyrolysis technology and its relevance in a
wide range of industrial applications.
The systems ordered in the second quarter will be used to treat spices and
dehydrated vegetables, and wheat flour respectively, thereby ensuring food
safety and contributing to good health and well-being as defined in the UN
Sustainability Goals. According to the World Health Organization an estimated
600 million - almost 1 in 10 people in the world - fall ill after eating
contaminated food every year.
"The Safesteril technology has become increasingly relevant also because it
allows our customers to decarbonise their thermal processes. One particularly
relevant feature in this respect is the option to operate our system entirely
without the use of fossil gas," said Henrik Badin, CEO of Vow ASA.
The five Safesteril contracts mentioned above are booked as order intake in the
second quarter in Vow's Landbased segment.
For more information, please contact
Henrik Badin, CEO, Vow ASA
Tel: + 47 90 78 98 25
Email: [email protected]
Erik Magelssen, CFO, Vow ASA
Tel: +47 928 88 728
Email: [email protected]
About Vow
Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about
preventing pollution. The company's world leading solutions convert biomass and
waste into valuable resources and generate clean energy for a wide range of
industries.
Cruise ships on every ocean have Vow technology inside which processes waste and
purifies wastewater. Fish farmers are adopting similar solutions, and public
utilities and industries use our solutions for sludge processing, waste
management and biogas production on land.
With advanced technologies and solutions, Vow turns waste into biogenetic fuels
to help decarbonise industry and convert plastic waste into fuel, clean energy,
and high-value pyro carbon. The solutions are scalable, standardised, patented,
and thoroughly documented, and the company's capability to deliver is well
proven. They are key to end waste and stop pollution.
Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange
(ticker VOW).