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Beskrivning

LandNorge
ListaEuronext Growth Oslo
SektorIndustri
IndustriIndustriprodukter
Norsk Titanium är verksamma inom metallindustrin. Bolaget erbjuder produkter och tjänster som utvecklats i samarbete med företagets kunder och innefattar huvudsakligen titanium och övriga konstruktionslösningar. Verksamheten drivs via flertalet produktionsanläggningar med störst närvaro inom Europa och Nordamerika. Kunderna återfinns inom varierande sektorer. Huvudkontoret ligger i Oslo, Norge.
2024-02-09 02:00:00
PLATTSBURGH NEW YORK, February 9, 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 development of Inconel 625 for US Navy applications.

Under a contract with Bechtel Plant Machinery, Inc. (BPMI) Norsk Titanium has
adapted their industrialized RPD® process for Inconel 625. As part of the
ongoing effort, Norsk Titanium and BPMI are developing the deposition parameters
and heat treatment process needed to produce additively manufactured Inconel 625
with material properties equivalent to legacy castings and forgings.

Inconel 625 is used in US Navy applications that require high strength and
resistance to corrosion. Bechtel Plant Machinery, Inc. is developing new
manufacturing processes for Inconel 625 to deliver cost and schedule savings to
their customers as well as developing alternating sources of supply for crucial
materials.

"This initial effort is an important first step in opening the nickel superalloy
market to our additive process," said Nicholas Mayer Norsk Titanium Vice
President of Commercial. "We look forward to taking the learning from this
effort, and applying it to specific Naval applications," added Mr. Mayer.

Norsk Titanium has recently announced qualification and production milestones in
their core commercial aerospace titanium market. The addition of nickel
superalloys and maritime applications is a key part of Norsk Titanium's long
term growth strategy.

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.
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 Bechtel Plant Machinery, Inc. (BPMI):

BPMI is a prime contractor for the United States Naval Nuclear Propulsion
Program (NNPP).
Bechtel Plant Machinery, Inc. (BPMI) is a project engineering organization and a
Prime Contractor for the Naval Nuclear Propulsion Program (NNPP). BPMI provides
design, manufacturing, and supply chain management of the fabrication, testing,
delivery, installation, and field support of nuclear power plant components
installed in submarines and aircraft carriers for the US Navy. In addition, BPMI
provides upgraded replacement components in support of refueling and overhaul
activities, and aids in the ultimate storage and disposition of spent naval
fuel. BPMI also delivers information technology and operational solutions to the
Nuclear Navy, enabling them to fulfill their critical mission.

For more information on BPMI, go to www.bpmionline.com.