Norsk Titanium Funds New Plattsburgh Facility to Showcase Revolutionary Additive Manufacturing Production Line, Qualify and Produce Aerospace Components

PLATTSBURGH, NEW YORK — September 26, 2016 — Norsk Titanium AS, the world’s pioneering supplier of aerospace-grade, additive manufactured, structural titanium components, today announced that its subsidiary, Norsk Titanium US Inc., is opening a nearly 70,000 sq. ft. production and training facility in Q4 2016. The PDQC will complement the U.S. company’s new headquarters and manufacturing plant which is currently in the design and planning phase with a targeted completion date in 2017. The PDQC facility is funded by a Norsk Titanium investment designed to accelerate production and the creation of jobs and economic development in the Plattsburgh-North Country region.

Details of the new Norsk Titanium additive manufacturing PDQC facility include:

• Features Norsk Titanium’s ‘Ultra Lean Cell’ (ULC), which demonstrates a production line that turns CAD files into finished aerospace parts in a space of approximately 120 feet
• The ULC showcases the 3D printing, heat treatment, non-destructive testing, and final machining of aerospace-grade titanium parts in a process time of less than 40 hours
• PDQC will house approximately 50 skilled workers and office staff
• Space and facilities for up to 10 MERKE IV™ RPD™ machines, the first of which has arrived from Norway and work is about to begin on its installation and commissioning
• Each MERKE IV™ production machine weighs 11 metric tons and takes several weeks to assemble upon arrival at the PDQC
• One MERKE IV™ can produce approximately 20 metric tons of aerospace-grade structural titanium components per year
• The first titanium aerospace components to be produced by Norsk in Plattsburgh are planned for November 2016

“Launching the PDQC facility in 2016 represents a multi-million dollar investment by Norsk Titanium in the region and demonstrates our commitment to quickly commence operations and get a head-start on partnering with the people of Plattsburgh to generate jobs and economic development here,” said Norsk Titanium President & Chief Executive Officer Warren M. Boley, Jr. “As the industrial scale RPD™ factory next door comes online during the next year or so, we will move the bulk of production there, while retaining this PDQC building as a qualification and training center as well as a showcase for our latest innovations and technology.”