Norsk Titanium Qualifies Component for US Department of Defense Application

PLATTSBURGH NEW YORK, March 01, 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 qualification of structural flight components for Department of Defense (DoD) hardware.

In collaboration with Northrop Grumman, Norsk Titanium successfully printed a qualified near-net-shape preform for the subsequently finished component, dramatically reducing raw material lead times and allowing for significantly fewer machining hours to produce the final part. Two structural titanium components are expected to undergo first flight the second quarter of 2024.

“This was a tremendous achievement for our team. It is a critical demonstration of our RPD® material performance and our ability to rapidly print parts for use in defense applications,” said Nicholas Mayer, Norsk Vice President of Commercial. “The defense sector is one of our strategic growth areas, and this demonstration builds confidence among customers evaluating our process to displace legacy subtractive methods,” added Mayer.

Approved for Public Release 03/05/2024 NGC Case # 24-0369

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