Kurs & Likviditet
Beskrivning
Land | Norge |
---|---|
Lista | Euronext Growth Oslo |
Sektor | Industri |
Industri | Industriprodukter |
2024-02-13 08:00:00
PLATTSBURGH NEW YORK, February 13, 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 recurring production in the semiconductor market with
partner Hittech Group in the Netherlands.
Hittech Bihca B.V. has agreed to award Norsk Titanium a two-year supply
arrangement for silicon wafer carrier trays used in end customer ASML's
semiconductor chipmaking equipment. Norsk Titanium will utilize its industrial
scale production facility located in Plattsburgh New York to manufacture the
parts on a serial production order from Hittech. Each near-net-shape print
requires significantly less machining, improving the cost and lead time for
final delivery to ASML. Concurrent with the planned production deliveries, Norsk
Titanium has agreed to implement a cost reduction program that will, over time,
provide further value to the end customer as volume continues to grow.
"This is the result of many months of demonstrating to our customers that we can
provide our products on an industrial scale, while delivering the promised
value," said Nicholas Mayer Norsk Titanium VP Commercial, "Norsk Titanium plans
to continue our expansion into this market as forecasted."
Norsk Titanium has recently announced qualification and production milestones in
their core commercial aerospace titanium market. The continued expansion of
their industrial and semiconductor market offerings is a key part of Norsk
Titanium's long term growth strategy.
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 AS
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.