Home3D PrintingNorsk Titanium indicators two new prospects for RPD metallic elements | VoxelMatters

Norsk Titanium indicators two new prospects for RPD metallic elements | VoxelMatters


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Norsk Titanium (Euronext: NTI, OTCQX: NORSF), a worldwide chief in additive manufacturing for aerospace-grade structural titanium elements utilizing its patented Fast Plasma Deposition (RPD) know-how, has signed contracts with two new prospects within the Industrial and Protection segments, that are anticipated to generate income within the second half of the 12 months.

Norsk Titanium has signed contracts with new customers in the Industrial and Defense segments, promising future revenue growth. Whereas we don’t typically report on “undisclosed buyer offers”, we’re glad to make an exception for Norsk Titanium. This firm is normally not overly beneficiant with details about its enterprise. We’ve been following its up-and-down trajectory for a few years, from preliminary speedy progress and US enlargement to near-bankruptcy. We’re glad to see it now considerably steadily buying new prospects for its distinctive metallic AM half manufacturing capabilities.

Inside the Industrial section, the corporate has obtained a manufacturing order for titanium elements utilized in high-temperature purposes from an undisclosed United States Authorities contractor. These elements shall be used on specialised gear for the Division of Power. Norsk Titanium expects to satisfy the preliminary order this 12 months and expects recurring follow-on orders for half replacements within the years to return.

Individually, Norsk Titanium has obtained a purchase order order from an undisclosed United States Authorities Division of Protection contractor for the manufacturing of prototype protection articles. The order follows a profitable audit by the contractor of Norsk Titanium’s manufacturing course of website and the Plattsburgh Growth and Qualification Middle.

“These contracts are the results of our technique and devoted efforts to broaden our buyer portfolio within the Industrial and Protection sectors. These prospects discover the lead occasions of conventional casting distributors unacceptably lengthy and acknowledge that our RPD® know-how presents vital financial savings when it comes to time, power, and materials,” mentioned CEO Carl Johnson of Norsk Titanium. “We see sizeable market alternatives in each segments, including to our fundamental market in aerospace,” Johnson added.

Inside the business aerospace trade, Norsk Titanium has beforehand entered right into a Grasp Provide Settlement with Airbus and continues to make recurring deliveries. Norsk Titanium additionally continues to ship recurring manufacturing elements for Boeing business plane.

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