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Norsk Titanium US Completes U.S. Department of State Directorate of Defense Trade Controls Registration
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
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Rhea-AI Summary
Norsk Titanium US Inc. (NORSF) has announced its expansion into defense applications, transitioning from its foundation in commercial aerospace. The company has registered with the U.S. Department of State Directorate of Defense Trade Controls and established cybersecurity measures for defense data. Norsk Titanium has allocated over 25,000 square feet for production and completed demonstrations for multiple U.S. Department of Defense contractors. The Plattsburgh Development and Qualification Center is dedicated to producing 180 metric tons of titanium annually for defense clients.
Positive
Expansion into the defense market enhances revenue potential.
Completion of production demonstrations for multiple DoD contractors indicates readiness and credibility.
Capacity to deliver 180 metric tons of titanium annually can capture significant market share.
Negative
None.
PLATTSBURGH, N.Y.--(BUSINESS WIRE)--
Norsk Titanium US Inc. (OSL: NTI, OTCQB: NORSF), a global leader in metal 3D printing through its Rapid Plasma Deposition® (RPD®) technology, announces expansion beyond the commercial aerospace market into defense applications.
Building on a strong foundation in commercial aerospace, Norsk Titanium US Inc. (Norsk Titanium) has made the necessary preparations to support full scale production for the defense market including registration with the U.S. Department of State Directorate of Defense Trade Controls (DDTC). Over the last two quarters, Norsk Titanium has implemented the necessary cybersecurity controls to support handling of defense data, allocated over 25,000 square feet of production space, and completed end-to-end production demonstrations for multiple U.S. Department of Defense prime contractors.
“The team has made a lot of progress in a short amount of time. We have nine machines ready to support our defense customers, and our initial DoD demonstration parts are in test now. We fully expect to begin recurring production in the defense market later this year,” said Steve Eaton, Norsk Titanium Vice President of Operations. “We would like to thank our New York representation. Congresswoman Elise Stefanik and Senator Chuck Schumer have been very supportive as we branch out into the defense market.”
As part of this expansion, Norsk Titanium has dedicated their Plattsburgh Development and Qualification Center (PDQC) to defense customers. Opened in 2017 through a collaborative effort with the State of New York, the PDQC has the capacity to deliver 180 metric tons of titanium to the defense industry annually.
Norsk Titanium’s current expansion into the defense market aligns with their long-term plans to apply RPD® technology beyond commercial aerospace. In addition to defense, Norsk Titanium is currently qualifying components in the industrial sector and developing proprietary applications of the RPD® process with existing commercial aerospace customers.
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.
