HØNEFOSS, NORWAY - February 21, 2023 - Norsk Titanium AS (Euronext: NTI, OTCX:
NORSF), a global leader in Directed Energy Deposition (DED) additive
manufacturing for aerospace-grade structural titanium components, announced the
first commercial delivery of additively manufactured near-net-shape titanium
preforms to the semiconductor manufacturing market.

The 80 kg Ti 6-4 near-net-shape carrier tray was developed with long-time
partner Hittech Group, based in Den Haag, Netherlands and is a critical
component of semiconductor manufacturer ASML's lithography system.  Under a
recurring production contract, Norsk Titanium is supplying a near-net-shape
preform into an existing supply chain that delivers the carrier tray to ASML.   

With this delivery, Norsk Titanium has displaced a legacy forged plate producer
as the raw material supplier for the final component.  Using their patented
Rapid Plasma Deposition® (RPD®) additive process, Norsk Titanium delivered a
preform with 140 kg (64%) in raw material savings, while allowing the customer
to utilize the existing supply chain and expand their current capacity without
any new capital investment. 

"We are seeing that customers in all markets are looking for alternatives to
their legacy titanium suppliers.  With this delivery we have demonstrated that
Norsk Titanium can deliver shorter lead times and offer an alternative to
titanium raw material suppliers that may be experiencing disruptions in today's
environment," said Nicholas Mayer Norsk Titanium Vice President of Commercial,
"Norsk Titanium is delivering a sustainable alternative to legacy forgings that
is compatible with existing Ti 6-4 material specifications and production
methods.  As we expand production in our core aerospace and industrial markets,
we continue to prove the value our additive solution brings to our customers."

Production of the initial preforms took place in Norsk Titanium's engineering
and development center in Hønefoss, Norway and has transitioned to our
state-of-the-art production center in Plattsburgh, New York.

For the announcement to our website, go to

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

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