Skip to main content

Vow ASA : Vow bags Safesteril contract for global food ingredients company

Written by Customer Service on . Posted in Public Companies.

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.

For further queries, please contact:
Henrik Badin – CEO
Vow ASA
Tel: + 47 90 78 98 25
Email: henrik.badin@vowasa.com

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.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.