Hammertech has received a Purchase Order from Oil India, a premier Indian
National Company, with a value of almost USD 77,000 for our AquaField meters to
be deployed in oil production in India. Oil India will use the equipment to
measure the concentration of water in oil after the first stage separator in
their production systems. Delivery is planned for the end of February 2023. This
is the first delivery from Hammertech to the Indian market and the delivery is
thus a strategically important reference in this market. The delivery is part of
a larger delivery to Oil India from the Japanese supplier company Yokogawa, an
international leading provider of Industrial Automation and Test and Measurement
solutions.