Norsk Titanium Announces Full Rate Production Order in the Semiconductor Market

04 Jun 2024 07:30 CEST

PLATTSBURGH NEW YORK, June 4, 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, has received an additional production contract for silicon wafer
carrier trays from Hittech Bicha B.V. in the Netherlands, for use in the
end-customer ASML’s semiconductor chipmaking equipment.

Norsk Titanium has been collaborating with its partner, Hittech Group, to
produce this part for ASML since early 2023. This latest order is the third
production order from this customer to date, highlighting that this part has now
transitioned into full rate production.

"We have grown from a technology development company to an industrial scale
manufacturer, and expect to deliver over 13 metric tons of additively
manufactured titanium to this customer alone in 2024”, said Nicholas Mayer,
Norsk Titanium VP Commercial.

“Each of these carrier trays weigh approximately 90 kilograms today and takes
about two days to print, and our technology offers significant saving of raw
material and energy as compared to legacy manufacturing methods”, adds Mayer.

Norsk Titanium has recently announced qualification and production milestones in
their core commercial aerospace and defense markets. The continued expansion of
the industrial and semiconductor market offerings is a third pillar in the
company’s growth strategy and is expected to contribute approximately 15% of
total revenue this year.


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:

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 installed production capacity to generate annual revenues of
approximately USD 300 million, 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.
For the latest news, go to www.norsktitanium.com or follow us on LinkedIn.

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