Norsk Titanium Produces Additive Titanium Components for the Industrial Market

PLATTSBURGH, NEW YORK – October 10, 2022 – Norsk Titanium AS (Euronext: NTI, OTCX: NORSF), a global leader in Directed Energy Deposition (DED) additive manufacturing for aerospace-grade structural titanium components, announced expansion into the industrial manufacturing market.

Under a recurring production purchase order from long-time partner Hittech Group, based in Den Haag, Netherlands, Norsk has commenced serial production of an additively manufactured 80 kg Ti 6-4 component for the industrial market.

Development of the component completed earlier this year and was in accordance with industrial material specifications. Production of the components commenced at Norsk Titanium’s development center in Hønefoss Norway and will immediately transition to our state-of-the-art Plattsburgh Production Center (PPC) in New York.

Norsk Titanium’s patented Rapid Plasma Deposition® (RPD®) was selected for this effort as a raw material replacement to legacy milled titanium plate. “RPD® is uniquely suited for this application,” stated Nicholas Mayer Norsk Titanium VP Commercial. “The high deposition rate and near net shape part that our process delivers allows our customer to reduce their raw material costs and improve their productivity. This effectively increases their capacity without any capital investment.” “This is an important milestone for Norsk Titanium,” added Mayer. “Entry into the industrial market is key to our long-term growth. This production milestone is one of our primary goals for this year along with expansion of our commercial aerospace customer base, and penetration of the US defense market.”

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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