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Norsk Titanium Achieves Major Milestones in Nickel-based Superalloy Development for Broad Market Applications

Plattsburgh New York, November 7, 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, received continued funding to develop and mature its production process for nickel superalloy components for US Department of Defense (US DoD) applications.

In support of this effort, Norsk Titanium has completed a critical development milestone, with rigorous statistical material analysis, confirming that its RPD® process produces nickel superalloy components suitable for broader customer applications beyond defense in full accordance with established material specifications and industry standards.

This achievement demonstrates the ability of Norsk Titanium’s RPD® wire-based production process to manufacture components with complex geometries from a wide range of metals while maintaining material integrity. The goal of the development effort with the US DoD is to supply large components traditionally manufactured with legacy forging and casting methods.

Nickel superalloys are used across defense and oil and gas applications that require high strength and resistance to corrosion. Norsk Titanium’s customers are actively exploring new manufacturing processes to achieve cost and schedule efficiencies in their products. Building on previous advancements in material development, these milestones highlight the versatility and growing potential of Norsk Titanium's RPD® process to meet complex manufacturing needs across various industries and materials.

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

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