Norsk Titanium Signs Agreement with Boeing for Serial Production

Oslo, 25 April 2024: Norsk Titanium AS (Euronext: NTI, OTCQX: NORSF), a global leader in additive manufacturing for aerospace-grade structural titanium components using its patented Rapid Plasma Deposition® technology, has reached an agreement to deliver parts in serial production directly to The Boeing Company.

The agreement marks the start of a direct supplier relationship between the companies, enabling Norsk Titanium to be a tier-1 supplier to the Boeing procurement system. Today, Norsk Titanium delivers serial production parts to Boeing’s supply chain partners. With this agreement Norsk Titanium expects to also begin direct deliveries to The Boeing Company later this year; and will provide hundreds of structural parts through 2025.

“We continue to expand our production volumes in 2024 and demonstrate Norsk Titanium’s ability to be a reliable supply chain partner to the commercial aerospace industry,” said Nick Mayer, VP Commercial. “Our RPD® technology and established material specifications position Norsk Titanium to react quickly to the demands of our customers,” added Nick Mayer.

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

Newer Older