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Norsk Titanium Secures Recurring Production Commitment In the Semiconductor Market

PLATTSBURGH NEW YORK, February 13, 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 recurring production in the semiconductor market with partner Hittech Group in the Netherlands.

Hittech Bihca B.V. has agreed to award Norsk Titanium a two-year supply arrangement for silicon wafer carrier trays used in end customer ASML’s semiconductor chipmaking equipment. Norsk Titanium will utilize its industrial scale production facility located in Plattsburgh New York to manufacture the parts on a serial production order from Hittech. Each near-net-shape print requires significantly less machining, improving the cost and lead time for final delivery to ASML. Concurrent with the planned production deliveries, Norsk Titanium has agreed to implement a cost reduction program that will, over time, provide further value to the end customer as volume continues to grow.

“This is the result of many months of demonstrating to our customers that we can provide our products on an industrial scale, while delivering the promised value,” said Nicholas Mayer Norsk Titanium VP Commercial, “Norsk Titanium plans to continue our expansion into this market as forecasted.”
Norsk Titanium has recently announced qualification and production milestones in their core commercial aerospace titanium market. The continued expansion of their industrial and semiconductor market offerings is a key part of Norsk Titanium’s long term growth strategy.


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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