Norsk Titanium Names Michael J. Canario President and Chief Executive Officer

Seasoned aerospace executive with vast innovation experience will lead the industrialization of the company’s patented additive manufacturing technology

PLATTSBURGH, NY — May 8, 2018 — Norsk Titanium AS (Norsk), the global leader in manufacturing aerospace-grade titanium components using their patented Rapid Plasma Deposition™ (RPD™) process, announced today that Michael J. Canario will join the company as President and Chief Executive Officer.

Canario currently serves as President – Aerospace, Americas & Corporate Business Development for Hexcel, a world leader in advanced composites for commercial aerospace, space and defense and industrial applications. During his more than 20-year tenure with Hexcel, a company that has been driving innovation in materials and solutions for 70 years, Canario has held executive positions across several business functions, including sales and marketing, financial planning and analysis, and operations. Prior to Hexcel, Canario spent eight years with predecessor companies Ciba-Geigy and BP Chemicals.

“By demonstrating strong leadership skills in commercial aerospace through an entrepreneurial and innovative setting, we have no doubt Mike is exceptionally well-equipped to lead our company,“ said Norsk’s Chairman and Interim CEO, John Andersen, Jr. “While our current focus is structural titanium components for aerospace, RPD™ is truly a platform technology. Over time, we will pursue different business models across markets and industries. In this, we will benefit from Mike’s track-record for developing strong relationships with strategic business partners.”

“The opportunity to lead a pioneer in the emerging field of digital manufacturing is truly exciting. Norsk is poised for tremendous growth by enabling the aerospace supply chain to deliver significant cost and cycle time reductions through the application of truly innovative technology. I’m impressed by what Norsk has accomplished to date and the potential for further extension. I look forward to creating a substantial value proposition for all stakeholders by working with our team, industrial partners and customers,“ said Michael J. Canario.

Canario holds a Bachelor of Science Degree in Aerospace Engineering from Texas A&M University. He will assume his role in early June.

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