09 Nov 2022 16:30 CET

Issuer

Norsk Titanium AS

PLATTSBURGH, NEW YORK – November 9, 2022 – Norsk Titanium AS (Euronext: NTI,
OTCX: NORSF), a global leader in Directed Energy Deposition (DED) additive
manufacturing for aerospace-grade structural titanium components, announces
expansion into the semiconductor manufacturing market.

As the raw material supplier to machining partner Hittech Group, Norsk Titanium
joins a supply chain that delivers a critical component to ASML, one of the
world’s leading manufacturers of semiconductor chip-making equipment. Using
their patented Rapid Plasma Deposition® (RPD®) additive process, Norsk Titanium
is replacing legacy forged titanium plate as the raw material for the
manufacturing of an ASML carrier structure.

Norsk Titanium’s RPD® process delivers a preform that saves 140 kg of titanium
for each carrier structure delivered. Adoption of this additive process has the
potential to save approximately 45% in energy consumption and carbon emissions,
while significantly reducing the amount of machining required, and decreasing
the overall production schedule for the carrier tray.

The carrier tray preform will be manufactured in Norsk Titanium’s
state-of-the-art production facility in Plattsburgh, NY. “This expansion into
the semiconductor market represents a significant milestone for us,” said
Michael Canario, President & CEO of Norsk Titanium. “This effort demonstrates
our unique ability to slot into the existing supply chain for industrial
manufacturing and to deliver value to customers in multiple markets. Norsk
Titanium will continue to expand in the semiconductor market, delivering
sustainable cost-effective solutions to our customers.

Additional information on this effort can be found in an article from Dutch
publisher Mechatronica & Machinebouw.
Original Dutch publication:
https://mechatronicamachinebouw.nl/artikel/duurzaamheidsslag-carrier-structures-
asml/
English Translation:
https://bits-chips.nl/artikel/asml-embraces-3d-for-its-carrier-structures/

About Norsk Titanium AS
Norsk Titanium AS was founded in 2007 in Norway and has pioneered the use of its
patented additive manufacturing process, Rapid Plasma Deposition® (RPD®)
process. It has been supplying flight qualified structural components since
2017, and today the company operates manufacturing facilities in the State of
New York and Norway. The company is distinguished in the aviation industry by
its proprietary RPD® technology that transforms titanium wire into complex
components suitable for structural and safety-critical applications. Norsk
Titanium is a supplier to commercial aerospace Tier-1 manufacturers and is
committed to cost-reducing aerostructures and jet engines for the world’s
premier aerospace companies. Parts made by RPD® are the first FAA-approved
3D-printed structural titanium, delivering substantial lead-time and cost
savings for aerospace, defense and commercial customers.

For the latest news, go to www.norsktitanium.com or follow us on LinkedIn.


Source

Norsk Titanium AS

Provider

Oslo Børs Newspoint

Company Name

NORSK TITANIUM AS

ISIN

NO0010969108

Symbol

NTI

Market

Euronext Growth