Norsk Titanium Awarded Contract to Advance Additive Manufacturing for Submarine Applications
Plattsburgh, New York – 11 June 2026 - Norsk Titanium, a global leader in structural titanium additive manufacturing, today announced it has received nearly $4.2 million in a contract investment from the Office of the Assistant Secretary of War for Industrial Base Policy in support of the Defense Industrial Base Expansion, Development, and Growth Enterprise (DIB-EDGE) initiative. DIB-EDGE aims to advance next-generation manufacturing capabilities focused on revitalizing U.S. maritime and submarine industrial capacity. This investment funds development activities related to Rapid Plasma Deposition® (RPD®) over the 18-month term of the contract.
The award represents another significant milestone for Norsk Titanium and reinforces the strategic importance of its proprietary RPD® technology in enabling high-performance titanium components for mission-critical environments. The contracted effort will focus on qualification of Norsk Titanium products in highly critical applications and supports continued expansion of RPD® in markets not only for titanium alloys, but also nickel-based alloys.
“Norsk Titanium is proud to support the U.S. Department of War through this important program and to play a role in strengthening the submarine industrial base,” said Fabrizio Ponte, CEO of Norsk Titanium.
Important notice: This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. The stock exchange announcement was published by Ashar A. Ashary, CFO of Norsk Titanium, at the time and date stated above in this announcement.
For more information, please contact: Fabrizio Ponte, President and CEO of Norsk Titanium Email: Fabrizio.ponte@norsktitanium.com Tel: +1 404 426 2270
Nicholas Mayer, Vice President Product Management Norsk Titanium Email: nick.mayer@norsktitanium.com Tel: +1 310 989 0088
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 installed production capacity to generate annual revenues of approximately USD 300 million, 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.