Norsk Titanium Receives Follow-on Order from Hittech Increasing Monthly Production Rate to the Semiconductor Market

PLATTSBURGH NEW YORK, November 30, 2023 — Norsk Titanium (Euronext: NTI, OTCQX: NORSF), a global leader in additive manufacturing for aerospace-grade structural titanium components using its patented Rapid Plasma Deposition® technology, has received a follow-on order for delivery of titanium carrier trays to the Hittech Group in the Netherlands to support the semiconductor chip manufacturing industry.

The order is a follow-on order to the initial production order announced earlier this year, under which Norsk Titanium has delivered 3D printed carrier trays to Hittech and demonstrated that its near net shape 3D printing technology offers substantial savings on energy, time, and material. Please refer to the press release issued about the original order attached at the end of this release.

"We are excited to remain a trusted supply chain partner to the semiconductor industry. These large 80kg carrier structures are key components in the end-customers’ semiconductor chip-making equipment, and with our RPD® process we can generate both significant cost savings for our customer while expanding their production throughput,” said Steve Eaton, Norsk Titanium Vice President of Operations. “This follow-on order reinforces the strength and scale of our additive manufacturing technology for continuous production.”

Production of the carrier tray will take place at Norsk Titanium’s state-of-the-art production facility in Plattsburgh New York.

“This order significantly increases the monthly delivery rate to Hittech and expands our annual recurring revenues as forecasted,” said Nick Mayer, VP Commercial of Norsk Titanium. “We plan to further expand in the semiconductor market with sustainable and cost-effective solutions to our customers,” added Nick.

For more information, please contact:

Nicholas Mayer, Vice President Commercial, Norsk Titanium

Email: nicholas.mayer@norsktitanium.com

Tel: +1 518 324 4010


For context, please also find enclosed below the press release issued in connection with the original contract with Hittech on February 21, 2023:

Norsk Titanium Displaces Legacy Raw Material Suppliers in the Semiconductor Market

HØNEFOSS, NORWAY – February 21, 2023 – Norsk Titanium AS (Euronext: NTI, OTCX: NORSF), a global leader in Directed Energy Deposition (DED) additive manufacturing for aerospace-grade structural titanium components, announced the first commercial delivery of additively manufactured near-net-shape titanium preforms to the semiconductor manufacturing market.

The 80 kg Ti 6-4 near-net-shape carrier tray was developed with long-time partner Hittech Group, based in Den Haag, Netherlands and is a critical component of semiconductor manufacturer ASML’s lithography system. Under a recurring production contract, Norsk Titanium is supplying a near-net-shape preform into an existing supply chain that delivers the carrier tray to ASML.

With this delivery, Norsk Titanium has displaced a legacy forged plate producer as the raw material supplier for the final component. Using their patented Rapid Plasma Deposition® (RPD®) additive process, Norsk Titanium delivered a preform with 140 kg (64%) in raw material savings, while allowing the customer to utilize the existing supply chain and expand their current capacity without any new capital investment.

“We are seeing that customers in all markets are looking for alternatives to their legacy titanium suppliers. With this delivery we have demonstrated that Norsk Titanium can deliver shorter lead times and offer an alternative to titanium raw material suppliers that may be experiencing disruptions in today’s environment,” said Nicholas Mayer Norsk Titanium Vice President of Commercial, “Norsk Titanium is delivering a sustainable alternative to legacy forgings that is compatible with existing Ti 6-4 material specifications and production methods. As we expand production in our core aerospace and industrial markets, we continue to prove the value our additive solution brings to our customers.”

Production of the initial preforms took place in Norsk Titanium’s engineering and development center in Hønefoss, Norway and has transitioned to our state-of-the-art production center in Plattsburgh, New York.

For more information, please contact:

Nicholas Mayer, Vice President Commercial, Norsk Titanium

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