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Norsk Titanium Continues Expansion for Rapid Plasma Deposition®

Plattsburgh New York, October 10, 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 further expansion of their Rapid Plasma Deposition® additive process into new markets and customers.

“We continue to execute our market penetration strategy and are building a significant catalog of production parts that will drive revenue for years to come,” noted Nicholas Mayer Norsk Titanium Vice President of Commercial.

Building on previous development and qualification efforts, Norsk Titanium continues to broaden the application of its innovative RPD® process in the production of near-net-shape titanium parts. With the recent success of efforts within the defense and space industries, Norsk Titanium now has 33 parts transitioned from legacy subtractive processes into its sustainable, modern, additive manufacturing process, up from 28 parts at the end of August 2024.

Winning efforts with a US department of defense (DoD) prime contractor has recently led to transition of multiple components to production. Norsk Titanium has also made significant progress in the space industry, successfully transitioning two new parts into serial production. These space-qualified components, which were traditionally manufactured using legacy processes, are now being produced using the advanced RPD® technology.

Looking ahead, Norsk Titanium continues to qualify parts for transition into serial production. The company is also in the process of submitting data for
inclusion into the Metallic Materials Properties Development and Standardization (MMPDS) handbook, which will enhance RPD®‘s position as a generally accepted manufacturing standard that customers can leverage for their production needs.

The company will issue an operational and financial update for the third quarter on 30 October 2024.


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

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