Norsk Titanium Continues Expansion for Rapid Plasma Deposition®

10 Oct 2024 07:30 CEST

Plattsburgh New York, October 10, 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 further expansion of their Rapid Plasma Deposition®
additive process into new markets and customers.

“We continue to execute our market penetration strategy and are building a
significant catalog of production parts that will drive revenue for years to
come,” noted Nicholas Mayer Norsk Titanium Vice President of Commercial.

Building on previous development and qualification efforts, Norsk Titanium
continues to broaden the application of its innovative RPD® process in the
production of near-net-shape titanium parts. With the recent success of efforts
within the defense and space industries, Norsk Titanium now has 33 parts
transitioned from legacy substrative processes into its sustainable, modern,
additive manufacturing process, up from 28 parts at the end of August 2024.

Winning efforts with a US department of defense (DoD) prime contractor has
recently led to transition of multiple components to production. Norsk Titanium
has also made significant progress in the space industry, successfully
transitioning two new parts into serial production. These space-qualified
components, which were traditionally manufactured using legacy processes, are
now being produced using the advanced RPD® technology.

Looking ahead, Norsk Titanium continues to qualify parts for transition into
serial production. The company is also in the process of submitting data for
inclusion into the Metallic Materials Properties Development and Standardization
(MMPDS) handbook, which will enhance RPD®‘s position as a generally accepted
manufacturing standard that customers can leverage for their production needs.

The company will issue an operational and financial update for the third quarter
on 30 October 2024.

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 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.

Forward Looking Statements

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "anticipate", "believe",
"continue", "estimate", "expect", "intends", "may", "should", "will" and similar
expressions. The forward-looking statements in this release are based upon
various assumptions, many of which are based, in turn, upon further assumptions.
Although the Company believes that these assumptions were reasonable when made,
these assumptions are inherently subject to significant known and unknown risks,
uncertainties, contingencies and other important factors which are difficult or
impossible to predict and are beyond its control. Such risks, uncertainties,
contingencies and other important factors could cause actual events to differ
materially from the expectations expressed or implied in this release by such
forward-looking statements. The information, opinions and forward-looking
statements contained in this announcement speak only as at its date and are
subject to change without notice, and the Company and its affiliates expressly
disclaim any obligation or undertaking to update, review or revise any statement
contained in this announcement whether as a result of new information, future
developments or otherwise.

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