Norsk Titanium Expands Partnership with Hittech to Support AI-Driven Semiconductor Growth Through 2027

Plattsburgh, New York – 7 May 2026 – Norsk Titanium AS (Euronext Growth Oslo: NTI, OTCQX: NORSF) and Hittech today announced an expansion of their semiconductor collaboration, marking a key milestone in Norsk Titanium’s strategic growth beyond its core aerospace and defense markets into high-growth industrial sectors.

By combining Norsk Titanium’s proprietary Rapid Plasma Deposition® (RPD®) technology with Hittech’s precision engineering and industrialization expertise, the companies are aligning their respective industrial platforms to create a seamless, scalable, and commercially attractive manufacturing model. This integrated approach is designed to maximize capacity utilization and support accelerating demand from leading semiconductor equipment OEMs, including advanced lithography applications, driven by the rapid adoption of artificial intelligence, advanced computing, and global digitalization.

Marco Verloop, COO and Group Director at Hittech, commented: “This collaboration with Norsk Titanium enables us to scale efficiently while maintaining the high precision and quality standards required by the semiconductor industry. By reducing process complexity and increasing throughput, and through closer industrial integration, we are strengthening our ability to support accelerating growth in the semiconductor market. Together, we have established a robust and scalable production model that delivers both performance and cost advantages.”

Fabrizio Ponte, CEO Norsk Titanium, added, “We have built a strong foundation through our collaboration with Hittech over the past three years and are now entering a new phase of growth, supported by increasing demand from leading semiconductor equipment customers.”

“AI is accelerating the need for next-generation computing infrastructure, which in turn is driving demand across the semiconductor capital equipment supply chain. Our deliveries are multiple-fold increasing this year and are expected to more than double again next year. By closely integrating our industrial platforms and selectively taking on additional production steps, we are enabling Hittech to expand capacity while strengthening our position in the semiconductor value chain. This partnership provides a clear blueprint for how we scale into additional applications and markets”, adds Ponte.

Norsk Titanium has successfully replaced legacy titanium forged blocks with its proprietary RPD® technology, delivering near-net-shape preforms of large titanium carrier trays with superior material quality to Hittech. These components are used in highly demanding semiconductor equipment applications, including advanced lithography systems, where precision, material integrity, and repeatable performance are critical. This has enabled Hittech to improve downstream manufacturing efficiency and consistency by reducing machining requirements. As part of the expanded collaboration, Norsk Titanium and Hittech are working together to optimize the allocation of production steps across their operations, allowing Hittech to increase throughput while Norsk Titanium captures additional value in the manufacturing process.

Ongoing joint development efforts continue to unlock further efficiency gains and support higher production volumes, positioning both companies to meet rapidly increasing semiconductor demand fueled by AI infrastructure build-out, advanced computing, and continued global digitalization.

Norsk Titanium’s expected multiple-fold increase in semiconductor business volumes in 2026 is supported by increasing demand from leading customers in the semiconductor equipment supply chain, particularly in advanced lithography-related applications. The companies expect this strong growth trajectory to continue through 2027, with volumes anticipated to more than double again as production ramps to support expanding market requirements.

For more information, please contact:

Fabrizio Ponte, CEO Norsk Titanium AS
Email: Fabrizio.Ponte@norsktitanium.com
Tel: +1 404 426 2270