Beskrivning
| Land | Norge |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Industri |
| Industri | Industriprodukter |
2024-07-25 07:30:00
Plattsburgh New York, July 25, 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, today announces a production order for an undisclosed prime
contractor for the United States Department of Defense.
"This is another key milestone in Norsk Titanium's growth strategy," said
Nicholas Mayer, Norsk Titanium Vice President Commercial. "Our revenue plans for
2024 and the years to come are dependent on us penetrating the defense market as
well as the commercial aerospace market. This effort secures initial serial
production revenue and we expect to see increasing sales as our customer is
awarded production contracts from the United States Department of Defense."
The contract award builds on years of development and qualification effort with
multiple United States Department of Defense prime contractors. Norsk Titanium
has development projects ongoing with multiple defense contractors for recurring
production parts, as well as with multiple commercial aerospace customers, and
expect to see more parts transition into serial production later in the 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.