Norsk Titanium Develops Nickel Based Superalloy For US Navy Applications

PLATTSBURGH NEW YORK, February 9, 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, announces development of Inconel 625 for US Navy applications.

Under a contract with Bechtel Plant Machinery, Inc. (BPMI) Norsk Titanium has adapted their industrialized RPD® process for Inconel 625. As part of the ongoing effort, Norsk Titanium and BPMI are developing the deposition parameters and heat treatment process needed to produce additively manufactured Inconel 625 with material properties equivalent to legacy castings and forgings.

Inconel 625 is used in US Navy applications that require high strength and resistance to corrosion. Bechtel Plant Machinery, Inc. is developing new manufacturing processes for Inconel 625 to deliver cost and schedule savings to their customers as well as developing alternating sources of supply for crucial materials.

“This initial effort is an important first step in opening the nickel superalloy market to our additive process,” said Nicholas Mayer Norsk Titanium Vice President of Commercial. “We look forward to taking the learning from this effort, and applying it to specific Naval applications,” added Mr. Mayer.

Norsk Titanium has recently announced qualification and production milestones in their core commercial aerospace titanium market. The addition of nickel superalloys and maritime applications is a key part of Norsk Titanium’s long term growth strategy.

About Norsk Titanium

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.

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About Bechtel Plant Machinery, Inc. (BPMI):

BPMI is a prime contractor for the United States Naval Nuclear Propulsion Program (NNPP).

Bechtel Plant Machinery, Inc. (BPMI) is a project engineering organization and a Prime Contractor for the Naval Nuclear Propulsion Program (NNPP). BPMI provides design, manufacturing, and supply chain management of the fabrication, testing, delivery, installation, and field support of nuclear power plant components installed in submarines and aircraft carriers for the US Navy. In addition, BPMI provides upgraded replacement components in support of refueling and overhaul activities, and aids in the ultimate storage and disposition of spent naval fuel. BPMI also delivers information technology and operational solutions to the Nuclear Navy, enabling them to fulfill their critical mission.

For more information on BPMI, go to www.bpmionline.com.

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