Vow ASA: New Cruise Newbuild Order Confirmed, Additional Option Remains

This order was first mentioned as an option in a stock market announcement on 8 February 2024. Under the agreement, the customer retains an option to order similar equipment for one additional vessel at a later stage.

“Through this contract, we continue our cooperation with shipyards and owners, delivering the fifth vessel in a series of newbuilds, to be fully equipped with our advanced systems, and reinforcing our 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. 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 aluminum 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:

Gunnar Pedersen, CEO, Vow ASA

Tel: +47 916 30 304

Email: ...

Cecilie Brænd Hekneby, CFO, Vow ASA

Tel: +47 992 93 826

Email: ...

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 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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