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Hammertech secures repeat order for AquaField Mud Meters

November 24, 2025 at 02:02 PM UTCBy FilingReader AI

Hammertech AS, a subsidiary of Nordic Technology Group AS, has secured a significant repeat order for four additional AquaField Mud Meters from an existing customer in the Americas. This customer, already operating three units, has integrated the meters into its automated drilling system. The new order is valued at approximately NOK 2,300,000.

The AquaField Mud Meter offers real-time measurement of drilling fluids and solids, a challenge traditional multiphase flow meters have struggled with. This unique solution enhances safety, efficiency, and decision-making in demanding drilling environments.

This fifth customer order continues the growth of the AquaField Mud Meter's installed base. Hammertech anticipates increased demand throughout 2025 and forecasts the market will require 50 to 60 units in 2026, driven by a global emphasis on automation, performance, and safety in drilling.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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