Kurs & Likviditet
Beskrivning
Land | Norge |
---|---|
Lista | Euronext Growth Oslo |
Sektor | Industri |
Industri | Industriprodukter |
2024-03-12 08:00:00
PLATTSBURGH NEW YORK, March 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 qualification of structural flight components for
Department of Defense (DoD) hardware.
In collaboration with Northrop Grumman, Norsk Titanium successfully printed a
qualified near-net-shape preform for the subsequently finished component,
dramatically reducing raw material lead times and allowing for significantly
fewer machining hours to produce the final part. Two structural titanium
components are expected to undergo first flight the second quarter of 2024.
"This was a tremendous achievement for our team. It is a critical demonstration
of our RPD® material performance and our ability to rapidly print parts for use
in defense applications," said Nicholas Mayer, Norsk Vice President of
Commercial. "The defense sector is one of our strategic growth areas, and this
demonstration builds confidence among customers evaluating our process to
displace legacy subtractive methods," 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 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.