VOW ASA : NEW AWARD BRINGS TOTAL ORDER INTAKE FOR CRUISE NEWBUILDS TO 24.2 MILLION EURO LAST THREE MONTHS

08:30
Today, Vow ASA has through its subsidiary Scanship AS been awarded contracts with Fincantieri to deliver its state-of the-art cleantech systems for waste management, foodwaste processing and advanced wastewater purification on four vessels for MSC Cruises new luxury class vessels. The contract includes options for two additional vessels.

The contract for the waste management and food waste systems for the same four plus two vessels were announced on 3rd August.

We are excited to continue our cooperation with Fincantieri and MSC. Together we will ensure that these newbuilds will meet the highest environmental standards according to IMO Marpol and for special and environmentally sensitive areas such as Baltic Sea and Alaska State Waters. The contracts convey a strong message that the industry remains focused on the health of our oceans and that it is committed to long-term sustainable growth, says CEO Henrik Badin.

Since May, we have secured seven newbuild orders at a total value of 24.2 million euro with another five optional vessels with a total option value of 9.2 million euro, says CEO Henrik Badin.

Vow ASA will present its first half year report on the 26th of August, including an update on the total order backlog.

For further inquiries:

Henrik Badin, CEO

Vow ASA

Tel: +47 90 78 98 25

Email: henrik.badin@vowasa.com

About Vow ASA

In Vow and our subsidiaries Scanship and Etia we are passionate about preventing pollution. Our 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.

Our ambitions go further than this. With our advanced technologies and solutions, we turn waste into biogenetic fuels to help decarbonize industry and convert plastic waste into fuel, clean energy and high-value pyro carbon.

Our solutions are scalable, standardized, patented and thoroughly documented, and our 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 from 13 January 2020). The Vow group has 120 employees in Norway, France, Poland and the US.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

https://www.globenewswire.com/NewsRoom/ReleaseNg/400751618