Hammertech has received a Variation Order (VO) ofUSD 141,000 related to a PO received by Hammertech inJanuary 2022 from theAbu Dhabi National Oil Company (ADNOC) for an important strategic project. The VO became required by a change in the specification by ADNOC after the original PO to Hammertech had been issued. The project's objective is for ADNOC to use the Hammertechs AquaField product on a large scale in its producing oil fields. AquaField is particularly well suited for retrofitting on land-based production facilities and the minimal maintenance requirements enables large-scale deployment, which is new to the industry. The project will be completed in 2023, paving the way for larger deliveries to ADNOC from 2024.
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