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Norsk Titanium Enters Into Long-Term Master Supply Agreement With Airbus

Plattsburgh New York, April 23, 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, today announces the signing of a long-term Master Supply Agreement to support Airbus A350 production.

“This supply agreement further strengthens our relationship with Airbus Aerostructures and represents a big step forward towards realizing our ambitions in the aerospace market,” said Norsk Titanium’s CEO, Carl Johnson. “I want to thank Airbus Aerostructures for their support during this thorough process in making Norsk Titanium a trusted supplier to the Airbus Aerostructures supply chain. We look forward to a successful continued partnership with the Airbus ecosystem.”

The long-term Master Supply Agreement for recurring production for the A350 commercial airplane program is entered into between Norsk Titanium US Inc. and Airbus Aerostructures GmbH, and builds on the successful qualification of the RPD® technology with Airbus and delivery of serial production parts in 2023.

The supply agreement outlines the contractual framework for Airbus to procure parts from Norsk Titanium on a long-term basis under defined terms. Different parts are being qualified to enter serial production, governed by the Master Supply Agreement. Subject to this qualification Norsk Titanium expects to see the first revenue generating deliveries under the Master Supply Agreement during the second quarter 2024.

See more on Norsk Titanium’s previous Airbus qualification at https://www.norsktitanium.com/media/press/norsk-titanium-successfully-qualifies-rapid-plasma-deposition-process-for-airbus-production.

For more information, please contact:

Carl Johnson, CEO Norsk Titanium AS

Email: carl.johnson@norsktitanium.com

Tel: +1 518 324 4010

Nicholas Mayer, VP Commercial

Email: Nicholas.mayer@norsktitanium.com

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

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