Norsk Titanium Announces Full Rate Production Order in the Semiconductor Market

Plattsburgh, New York, 4 June 2024: Norsk Titanium (Euronext: NTI, OTCQX: NORSF), a global leader in additive manufacturing for aerospace-grade structural titanium components using its patented Rapid Plasma Deposition® (RPD®) technology, has received an additional production contract for silicon wafer carrier trays from Hittech Bicha B.V. in the Netherlands, for use in the end-customer ASML semiconductor chipmaking equipment.

Norsk Titanium has been collaborating with its partner, Hittech Group, to produce this part for ASML since early 2023. This latest order is the third production order from this customer to date, highlighting that this part has now transitioned into full rate production.

"We have grown from a technology development company to an industrial scale manufacturer, and expect to deliver over 13 metric tons of additively manufactured titanium to this customer alone in 2024âÂÂ, said Nicholas Mayer, Norsk Titanium VP Commercial.

Each of these carrier trays weigh approximately 90 kilograms today and takes about two days to print, and our technology offers significant saving of raw material and energy as compared to legacy manufacturing methods, adds Mayer.

Norsk Titanium has recently announced qualification and production milestones in their core commercial aerospace and defense markets. The continued expansion of the industrial and semiconductor market offerings is a third pillar in the company growth strategy and is expected to contribute approximately 15% of total revenue this year.

For more information, please contact:

Nicholas Mayer, Vice President Commercial, Norsk Titanium
Tel: +1 518 324 4010

About Norsk Titanium AS

Norsk Titanium is a global leader in metal 3D printing, innovating the future of metal manufacturing by enabling a paradigm shift to a clean and sustainable manufacturing process. With its proprietary Rapid Plasma Deposition® (RPD®) technology and 700 MT of production capacity, Norsk Titanium offers cost-efficient 3D printing of value-added metal parts to a large addressable market. RPD® technology uses significantly less raw material, energy, and time than traditional energy-intensive forming methods, presenting customers with an opportunity to better manage input costs, logistics, and environmental impact. RPD® printed parts are already flying on commercial aircraft, and Norsk Titanium has gained significant traction with large defense and industrial customers