Vow: Contract of EUR 7.7 million awarded for equipment deliveries to two newbuild cruise vessels with three additional options
2026-10-23 21:04:43
Oslo, 23 October 2026: Vow ASA (ticker OSE: VOW) and its subsidiary Scanship
have received purchase orders for Scanship's Advance Wastewater Purification
system from a major European shipyard to a value of EUR 7.7 million for two
vessels. The agreement also includes options for deliveries to three additional
vessels with a total value of EUR 13.1 million, bringing the potential value of
firm orders and options to EUR 20.8 million. This order is now firm with the
first equipment deliveries expected in late 2027. The vessels are scheduled to
enter operation towards end of 2030 and end of 2031.
"Through this contract, we continue our long-standing cooperation with the
shipyard and the cruise line, reinforcing our joint commitment to reliable and
sustainable solutions," says Gunnar Pedersen, CEO of Vow ASA. With Scanship
technology onboard, all wastewater on the ships will be purified according to
the requirements in the Baltic Sea and Alaskan State waters, which are to date
the highest standards at sea. Scanship's integrated clean ship solutions are
designed to ensure compliance with all maritime environmental requirements,
reducing greenhouse gas emissions, recovering important resources from waste,
and preventing pollution.
For more information, please contact:
Gunnar Pedersen, CEO, Vow ASA
Tel: +47 916 30 304
Email: gunnar.pedersen@vowasa.com
Cecilie Brænd Hekneby, CFO, Vow ASA
Tel: +47 992 93 826
Email: cecilie.hekneby@vowasa.com
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and subject to the disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act. This stock exchange notice
was published by Cecilie Brænd Hekneby, CFO, on the date and time as set out in
the release.
About Vow
Vow (the "Group" or the "Company") and its subsidiaries Scanship, C. H. Evensen
Industriovner and Etia are passionate about preventing pollution. The company
delivers products and services to the maritime industry and develops and
commercializes technologies within waste management and the conversion of waste
into high-value products and energy. Vow operates through three business units:
Maritime Solutions, Aftersales, and Industrial Solutions, and is a cruise market
leader in wastewater purification and valorization of waste. Its advanced
technologies and solutions enable industrial decarbonization and circular
resource utilization. Waste streams such as biomass and end-of-life tires are
converted into clean energy, biocarbon and low-carbon fuels that replace
fossil-based alternatives in industrial processes. The solutions are modular,
scalable, standardized, patented, and thoroughly documented, enabling efficient
deployment across projects and markets. The company's capability to deliver is
well proven, supported by a structured development model from pilot to
full-scale operations. Vow holds strong niche positions in food safety and
heat-intensive industries with ambitious decarbonization agendas. Located in
Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange (ticker:
VOW)
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