Norsk Titanium and thyssenkrupp to Jointly Explore Industrial Cooperation Opportunities
Norsk Titanium and thyssenkrupp Marine Systems have entered a Memorandum of Understanding (MOU) to explore possible industrial cooperation
OSLO, NORWAY — June 20, 2017 — Norsk Titanium AS, the world’s pioneering supplier of aerospace-grade, additive manufactured, structural titanium components, announced it is exploring industrial cooperation opportunities with the diversified industrial group thyssenkrupp.
In December 2016, Norsk Titanium and thyssenkrupp Marine Systems signed a Memorandum of Understanding for industrial cooperation supporting thyssenkrupp Marine Systems’ effort to replace the four Ula class submarines currently in service with the Norwegian Navy by modern submarines based on the HDW class 212A design. As titanium is an important material for this new submarine generation, Norsk Titanium’s revolutionary Rapid Plasma Deposition™ technology will provide significant cost and schedule advantages, disrupting traditional manufacturing processes.
“The collaboration with thyssenkrupp constitutes a significant opportunity for Norsk Titanium and compliments our achievements in the aerospace sector,” said Norsk Titanium President & Chief Executive Officer Warren M. Boley, Jr. “We look forward to working closely with thyssenkrupp to identify and further develop joint business opportunities that benefit both our customers and Norway.”
“Close cooperation with the Norwegian industry, state-of-the-art technologies, and trustful long term partnerships are key success factors to our concept in Norway. With the signed agreement, we are happy to have taken another step towards maximizing domestic industry involvement in this project,” said Dr. Rolf Wirtz, CEO thyssenkrupp Marine Systems.
Norsk Titanium is present at the International Paris Airshow, Le Bourget June 19–25, 2017, at a booth in Hall 1, Space H299, along with a full-scale mock-up of the company’s patented MERKE IV™ Rapid Plasma Deposition™ machine that produced the pioneering structural parts.