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Norsk Titanium and Safran Landing Systems Explore Applications for Rapid Plasma Deposition®
12 Nov 2024 07:30 CET
Issuer
Norsk Titanium AS
Plattsburgh New York, November 12, 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 a collaborative effort with Safran Landing Systems, a
world leader in landing and braking systems, to apply RPD® to landing gear
applications.
Teams from both companies have evaluated the business case for producing Safran
Landing System products with Norsk Titanium’s patented Rapid Plasma Deposition®
(RPD®) additive process.
“We are very pleased with the progress towards manufacturing Safran products
with our process,” said Nicholas Mayer Norsk Titanium Vice President of
Commercial. “Penetrating new markets such as large landing gear structure is a
key part of our long-term plans. Working with a world leader like Safran
Landing Systems shows the maturity of our process, and its applicability to
critical applications,” added Mayer.
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.
About Safran & Safran Landing Systems
Safran is an international high-technology group, operating in the aviation
(propulsion, equipment and interiors), defense and space markets. Its core
purpose is to contribute to a safer, more sustainable world, where air transport
is more environmentally friendly, comfortable and accessible. Safran has a
global presence, with 92 000 employees and sales of 23.2 billion euros in 2023,
and holds, alone or in partnership, world or regional leadership positions in
its core markets. Safran is listed on the Euronext Paris stock exchange and is
part of the CAC 40 and Euro Stoxx 50 indices.
Safran Landing Systems is the world leader in aircraft landing and braking
systems. Its expertise covers the entire life cycle of its products, from design
and manufacturing to maintenance and repair. The company has partnerships with
more than 25 airframers in civil, regional, commercial and military transport,
supporting close to 34,000 aircraft and making over 95,000 landings every day.
More information:
Access the news on Oslo Bors NewsWeb site
Source
Norsk Titanium AS
Provider
Oslo Børs Newspoint
Company Name
NORSK TITANIUM AS
ISIN
NO0010969108
Symbol
NTI
Market
Euronext Growth