Norsk Titanium AS Joins OTCQB Venture Market

Rhea-AI Summary

Norsk Titanium AS (OTCQB: NORSF) has successfully commenced trading on the OTCQB market, enhancing its North American presence. This move aims to broaden its investor base and increase liquidity and brand visibility. The company specializes in metal 3D printing, particularly in the aerospace sector, with existing production for the Boeing 787 and ongoing developments for the Airbus A350 and U.S. defense contractors. Norsk Titanium's Rapid Plasma Deposition® technology offers cost-efficient and sustainable manufacturing solutions, reinforcing its commitment to innovation in the industry.

Positive

• Commenced trading on OTCQB, increasing accessibility for North American investors.
• Established production for Boeing 787 and expanding to Airbus A350.
• Strong potential for growth in a vast addressable market with innovative 3D printing technology.

Negative

• None.

PLATTSBURGH, N.Y.--(BUSINESS WIRE)-- Norsk Titanium AS (Euronext: NTI, OTCQB: NORSF) is pleased to announce that it has obtained approval for trading on the OTCQB market and commenced trading under the ticker “NORSF”. By joining OTCQB market, the company further enhances its North American presence and commitment to U.S. customers and investors.

Norsk Titanium is a global leader in metal 3D printing through its Rapid Plasma Deposition^® (RPD^®) technology and industrial scale production in the highly regulated Commercial Aerospace industry. Headquartered in Norway, Norsk Titanium entered the public marketplace in 2021 by listing on the Euronext Growth exchange.

“We are excited to start trading our shares on the OTCQB Venture Market,” said Michael Canario, CEO of Norsk Titanium. “This is a natural progression of our vision to broaden our investor base and expand our presence in North America where our state-of-the-art 640 metric tons additive manufacturing production facilities are located.”

“Norsk Titanium is poised to enter a period of significant growth, offering cost-efficient and value-adding 3D printed parts to a large addressable market,” adds Canario. With its additively manufactured RPD^® parts already in serial production for the Boeing 787 Dreamliner, Norsk Titanium is now developing parts for the Airbus A350, US defense market prime contractors, and the industrial market.

The OTCQB is operated by the OTC Markets Group and recognized by the Securities and Exchange Commission (SEC) as an established public market providing data that investors need to analyze, value and trade securities. Being part of the OTC Markets Group will assist in diversifying Norsk Titanium’s shareholder base with increased liquidity and brand visibility while maintaining a high level of transparency to inform and engage investors.

More information about OTCQB requirements and standards can be found at:
https://www.otcmarkets.com/corporate-services/get-started/otcqb.

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. The 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.
www.norsktitanium.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20220407005812/en/

Ashar Ashary

VP Finance

ashar.ashary@norsktitanium.com

+1 (518) 556-8966

Source: Norsk Titanium AS

FAQ

What does the approval for OTCQB mean for Norsk Titanium (NORSF)?

The approval allows Norsk Titanium to trade on the OTCQB market, enhancing liquidity and access for North American investors.

What technology does Norsk Titanium use for 3D printing?

Norsk Titanium utilizes its proprietary Rapid Plasma Deposition® technology for metal 3D printing.

What markets is Norsk Titanium targeting with its technology?

The company is targeting the aerospace market, specifically with parts for the Boeing 787 and Airbus A350, as well as U.S. defense contractors.

When did Norsk Titanium start trading under the ticker NORSF?

Norsk Titanium began trading under the ticker NORSF following its approval for the OTCQB market.

How can investors learn more about OTCQB requirements?

Investors can find more information about OTCQB requirements on the OTC Markets Group website.