Vow ASA: New cruise newbuild order confirmed, with options for two more

Oslo, 14 February 2025: Vow ASA (ticker OSE: VOW) and its subsidiary Scanship has received a purchase order from a major European shipyard worth EUR 10.9 million. Deliveries starting late 2025 and throughout 2026.

This order was first mentioned as an option in a stock market announcement on 8 February 2024. According to the new agreement, the customer may order similar equipment for delivery to two similar ships later.

"This contract and options confirm that leading cruise operators are investing in bigger ships and that they are committed to advancing even more sustainable solutions. In the 12 months from February 2024 to date, we have signed firm contracts for delivery of equipment worth NOK 1.2 billion to 7 newbuilds and 2 retrofits, options not included," said Henrik Badin, 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. All residue sludge from the wastewater, along with food waste and other biogenic waste from hotel operations, will undergo several processing steps such as dewatering, homogenization, thermal hydrolysis, drying, and pyrolysis.

The end products are climate neutral energy and carbon for capture and storage CCS. The waste management system further enhances the abord circular economy, recovering valuable commodities such as glass and aluminium for landing.

The state-of-the-art system is a fully integrated clean ship solution for more than 10,000 people at sea, ensuring compliance with all maritime environmental requirements, reducing greenhouse gas emissions, recovering important resources from waste, and preventing pollution.

For more information, please contact

Henrik Badin, CEO, Vow ASA
Tel: + 47 90 78 98 25
Email: henrik.badin@vowasa.com

Tina Tønnessen, CFO, Vow ASA
Tel: +47 406 39 556
Email: tina.tonnessen@vowasa.com

The information is such that Vow ASA is required to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on February 14, 2025, at 07.33 CET 

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.

Advanced technologies and solutions from Vow enable industry decarbonisation and material recovery. Biomass, sewage sludge, plastic waste and end-of-life tyres can be converted into clean energy, low carbon fuels and renewable carbon that replace natural gas, petroleum products and fossil carbon. The solutions are scalable, standardised, patented, and thoroughly documented, and the company's capability to deliver is well proven.

The company is a cruise market leader in wastewater purification and valorisation of waste. It provides technology and solutions which enable industries to transition towards a fossil-free future by converting biomass and waste into valuable resources and clean energy. The company also has strong niche positions in food safety and robotics, and in heat-intensive industries with a strong decarbonising agenda.

Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange (ticker VOW).

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