Vow ASA : Vow Bags Safesteril Contract For Global Food Ingredients Company

(GLOBE NEWSWIRE) - Vow ASA subsidiary ETIA has been awarded a contract to deliver a Safesteril® unit for sterilisation of paprika powder at a food processing facility in the US. The contract with a leading global food ingredients company is valued at around EUR 1.1 million.

The Safesteril® system will follow the US Food and Drugs Administration’s (FDA) standards and will ensure that the food ingredients produced are safe for human consumption.

“This important achievement by our ETIA team is a reminder of the versatility of our proprietary and patented Spirajoule technology and its relevance in a wide range of industrial applications. It is also a reminder of our constant fight to reduce CO₂ emissions by delivering electrical processes that substitute fossil fuel powered equipment for thermal processing,” said Henrik Badin, CEO of Vow ASA.

In Safesteril® systems, Vow’s patented Spirajoule electrical heating screw in combination with saturated steam removes pathogen and reduces the total amount of micro-organisms in the product. Since 2003, ETIA has delivered close to one hundred similar systems to customers all over the world, representing an important after-market potential for the company.

Vow’s Spirajoule technology is a core component in a wide range of other products and systems from Vow, including solutions which is used for valorisation of waste and production of CO₂ neutral energy.

The food ingredients company that now becomes a customer of Vow has nearly 200 processing facilities in different verticals around the world. The companies are already exploring opportunities to deliver additional Safesteril® units to other facilities and potentially also broaden their co-operation to cover processing and generation of CO₂ neutral energy from biowaste.

About Vow ASA
In Vow and our subsidiaries Scanship and Etia we are passionate about preventing pollution. Our world leading solutions convert biomass and waste into valuable resources and generate clean energy for a wide range of industries.

Cruise ships on every ocean have Vow technology inside which processes waste and purifies wastewater. Fish farmers are adopting similar solutions, and public utilities and industries use our solutions for sludge processing, waste management and biogas production on land.

Our ambitions go further than this. With our advanced technologies and solutions, we turn waste into biogenetic fuels to help decarbonize industry and convert plastic waste into fuel, clean energy and high-value pyro carbon.

Our solutions are scalable, standardized, patented, and thoroughly documented, and our capability to deliver is well proven. They are key to end waste and stop pollution.

Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange (ticker VOW from 13 January 2020).

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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