Hove A/S has received two orders totaling more than DKK 1,500,000 and one private label order in the past week
Hove A/S has received an order exceeding DKK 1,000,000 and another valued above DKK 500,000. The orders come from two different global wind OEMs.
Hove A/S has received one private label order from a lubricant manufacturer.
Hove has worked with these customers for many years.
General info about investor news:
Unless otherwise specified, all new customer agreements and orders are according to Hove’s strategy and thus do not change the communicated guidance.
| Business area | Orders below DKK 500,000 | Orders above DKK 500,000 |
| Wind industry | Is not communicated. | Is communicated in weekly roundup. |
| Hove Smart Lube IoT | Is communicated within 24 hours. | Is communicated within 24 hours. |
| New industries | Is communicated within 24 hours. | Is communicated within 24 hours. |
| Orders to subsidiaries | Is not communicated. | Is communicated in weekly roundup. |
| Private Label | Is communicated in weekly roundup. | Is communicated in weekly roundup. |
| Internal Hove Group | Is not communicated. | Is not communicated. |
In all investor news, Hove distinguishes between three customer categories; small and medium sized customers are defined as “customers”, manufacturers of wind turbines, cranes, and other machinery with mechanical bearings are defined as “OEM’s”, and the 10 largest operators within each region and/or industry are defined as “large operators”.
All agreements and orders with a total value of more than DKK 500,000 are communicated to the market.
Hove Smart Lube sales and orders from new industries are key to Hove’s strategy, and thus communicated each time an order is received.
Orders between different entities within the Hove Group are not communicated to the market.
For further information:
Hans Christian Hansen
CEO Hove A/S
Certified adviser
Norden CEF A/S
www.nordencef.dk
About Hove A/S
Hove is a supplier of lubrication solutions for mechanical bearings, primarily in the wind turbine industry. Hove's solutions provide customers with significant annual operating cost savings, while at the same time ensuring that lubrication is performed and documented correctly, which extends the life of the bearings. Over the past 20 years, Hove has set new standards for lubrication in the wind turbine industry. Hove's patented IoT solution will strengthen Hove’s position as market leader. With its unique product and an experienced team, Hove has achieved a strong market position in the wind turbine industry and an international presence.