Norsk Titanium - Strong Endorsment from Scatec
Scatec provided more funding to Norsk Titanium.
Norsk Titanium ble notert på Euronext Growth under børsboomen. Siden den gang har aksjen falt nesten 80 prosent, og nå varsler det en strategisk gjennomgang av selskapet.
Publisert 12. sep. 2023 kl. 16.06
Lesetid: 3 minutter
KREVENDE Å HENTE KAPITAL: – Det har vist seg krevende å hente kapital over Euronext Growth for denne typen langsiktige industrielle satsninger, sier styreleder i Norsk Titanium og adm. direktør i Scatec Innovation, John Andersen Jr.
Industri
Benedicte Storm Bamvik
Da Norsk Titanium ble notert på handelsplassen Euronext Growth i 2021 ble selskapet omtalt som «teknologisk globalt ledende» i luftfartssektoren, i deres satsing på 3D-printing av metaller, rettere sagt titan.
Selskapet ble priset til 2,1 milliarder kroner før de hentet over 400 millioner kroner i forkant av børsnoteringen, der blant annet Johan H. Andresens Ferd dukket opp på aksjonærlisten.
Til tross for at selskapet gikk på børs med underskudd på over 850 millioner kroner som hadde samlet seg opp siden starten av 2007, hevdet styreleder John Andersen at børsnoteringen ville vise seg å være en god investering «etter hvert som selskapet for alvor tar fatt på industrialiseringen».
Etter 28 måneder med kurshavari på Oslo Børs har selskapet engasjert BNP Paribas for å gi selskapet råd om strategiske alternativer for selskapet.
– Krevende
– Norsk Titanium har hatt god industriell fremgang det siste året, og selskapet har en stadig økende aktivitet i tett samarbeid med strategiske kunder som Boeing og Airbus, forteller styreleder John Andersen.
Styrelederen understreker også at selskapet er vitne til en økende etterspørsel etter titan-komponenter for bruk innenfor andre industrier og forsvarssektoren.
– Det har imidlertid vist seg krevende å hente kapital over Euronext Growth for denne typen langsiktige industrielle satsninger, sier han.
– Slik situasjonen nå er i kapitalmarkedet mener vi derfor det er riktig å vurdere nærmere om den økende interessen vi ser for Norsk Titanium fra industrielle aktører, også kan være et grunnlag for tilførsel av kapital for videre vekst og utvikling.
Pengetrøbbel
Siden selskapet ble notert på Oslo Børs har aksjen rast 78,6 prosent fra 10,50 til 2,25 kroner, og har børsverdien kokt ned til 607 millioner kroner.
I april hyret selskapet inn Seaport Global Securities i New York for å hente inn ytterligere aksje- og/eller fremmedkapital i internasjonale markeder.
Kapitalen skulle støtte opp om selskapets langsiktige vekststrategi som sikter mot inntekter på 150 millioner dollar i 2026 – et mål som fortsatt står ifølge halvårsrapporten som ble sluppet i august.
Til sammenligning hadde Norsk Titanium inntekter på 3,2 millioner dollar i 2022, ned fra 5,3 millioner dollar i 2021. Kontantbeholdningen hadde også krympet med 15,2 millioner dollar år-over-år, mens resultatet landet på minus 9,4 millioner dollar, opp fra minus 16,1 millioner dollar i 2021.
STRATEGISK GJENNOMGANG: Norsk Titanium gikk på børs under noteringsboomen i 2021. Etter et kursfall på 80 prosent har de nå engasjert BNP Paribas for å gi selskapet råd om strategiske alternativer for selskapet.
Engasjementet av Seaport Global Securities skjedde bare et par uker etter at selskapet hadde gjennomført en rettet emisjon på 89 millioner kroner til en kurs på 3 kroner per aksje – 2,08 kroner under daværende aksjekurs.
I halvårsrapporten som ble sluppet 30. august opplyste selskapet at denne emisjonen var tilstrekkelig til å finansiere driften ut måneden, men at de var i samtaler med flere potensielle investorer angående ny finansiering.
For å «lette på videre drift» hadde de derimot fått et bro-lån på 2 millioner amerikanske dollar fra deres to største aksjonærer, Norsk Titanium Cayman Limited og Scatec Innovation, som gir Norsk Titanium likviditet ut september.
Norsk Titanium ble notert på Euronext Growth under børsboomen. Siden den gang har aksjen falt nesten 80 prosent, og nå varsler det en strategisk gjennomgang av selskapet.
Publisert 12. sep. 2023 kl. 16.06
Lesetid: 3 minutter
KREVENDE Å HENTE KAPITAL: – Det har vist seg krevende å hente kapital over Euronext Growth for denne typen langsiktige industrielle satsninger, sier styreleder i Norsk Titanium og adm. direktør i Scatec Innovation, John Andersen Jr.
Industri
Benedicte Storm Bamvik
Da Norsk Titanium ble notert på handelsplassen Euronext Growth i 2021 ble selskapet omtalt som «teknologisk globalt ledende» i luftfartssektoren, i deres satsing på 3D-printing av metaller, rettere sagt titan.
Selskapet ble priset til 2,1 milliarder kroner før de hentet over 400 millioner kroner i forkant av børsnoteringen, der blant annet Johan H. Andresens Ferd dukket opp på aksjonærlisten.
Til tross for at selskapet gikk på børs med underskudd på over 850 millioner kroner som hadde samlet seg opp siden starten av 2007, hevdet styreleder John Andersen at børsnoteringen ville vise seg å være en god investering «etter hvert som selskapet for alvor tar fatt på industrialiseringen».
Etter 28 måneder med kurshavari på Oslo Børs har selskapet engasjert BNP Paribas for å gi selskapet råd om strategiske alternativer for selskapet.
– Krevende
– Norsk Titanium har hatt god industriell fremgang det siste året, og selskapet har en stadig økende aktivitet i tett samarbeid med strategiske kunder som Boeing og Airbus, forteller styreleder John Andersen.
Styrelederen understreker også at selskapet er vitne til en økende etterspørsel etter titan-komponenter for bruk innenfor andre industrier og forsvarssektoren.
– Det har imidlertid vist seg krevende å hente kapital over Euronext Growth for denne typen langsiktige industrielle satsninger, sier han.
– Slik situasjonen nå er i kapitalmarkedet mener vi derfor det er riktig å vurdere nærmere om den økende interessen vi ser for Norsk Titanium fra industrielle aktører, også kan være et grunnlag for tilførsel av kapital for videre vekst og utvikling.
Pengetrøbbel
Siden selskapet ble notert på Oslo Børs har aksjen rast 78,6 prosent fra 10,50 til 2,25 kroner, og har børsverdien kokt ned til 607 millioner kroner.
I april hyret selskapet inn Seaport Global Securities i New York for å hente inn ytterligere aksje- og/eller fremmedkapital i internasjonale markeder.
Kapitalen skulle støtte opp om selskapets langsiktige vekststrategi som sikter mot inntekter på 150 millioner dollar i 2026 – et mål som fortsatt står ifølge halvårsrapporten som ble sluppet i august.
Til sammenligning hadde Norsk Titanium inntekter på 3,2 millioner dollar i 2022, ned fra 5,3 millioner dollar i 2021. Kontantbeholdningen hadde også krympet med 15,2 millioner dollar år-over-år, mens resultatet landet på minus 9,4 millioner dollar, opp fra minus 16,1 millioner dollar i 2021.
STRATEGISK GJENNOMGANG: Norsk Titanium gikk på børs under noteringsboomen i 2021. Etter et kursfall på 80 prosent har de nå engasjert BNP Paribas for å gi selskapet råd om strategiske alternativer for selskapet.
Engasjementet av Seaport Global Securities skjedde bare et par uker etter at selskapet hadde gjennomført en rettet emisjon på 89 millioner kroner til en kurs på 3 kroner per aksje – 2,08 kroner under daværende aksjekurs.
I halvårsrapporten som ble sluppet 30. august opplyste selskapet at denne emisjonen var tilstrekkelig til å finansiere driften ut måneden, men at de var i samtaler med flere potensielle investorer angående ny finansiering.
For å «lette på videre drift» hadde de derimot fått et bro-lån på 2 millioner amerikanske dollar fra deres to største aksjonærer, Norsk Titanium Cayman Limited og Scatec Innovation, som gir Norsk Titanium likviditet ut september.
BoostSeeker
15.11.2023 kl 15:51
13166
Cashkassa blir tom allerede nå i desember så en ny og nærstånde pengeinnhenting vil være nødvendig. En emi i dette utfordrende klima vil kunne føre til at det blir svært utfordrende å hente kapital og da er det rabatten som gjelder og med en solid rabatt for å lokke til seg investorer vil kunne føre til en en emikurs langt nede mot krona blank - kanskje lavere så her burde man avvente en inngang for å se hva resultatet blir. Mao, det er dyrt å være fattig så det er å forvente flere grisete emisjoner fremover og denne er helt klart en slik kandidat.
Redigert 15.11.2023 kl 15:51
Du må logge inn for å svare
NordicGuy
04.12.2023 kl 11:40
12980
Norsk Titanium Receives Follow-on Order from Hittech Increasing Monthly Production Rate to the Semiconductor Market
PLATTSBURGH NEW YORK, November 30, 2023 — Norsk Titanium (Euronext: NTI, OTCQX: NORSF), a global leader in additive manufacturing for aerospace-grade structural titanium components using its patented Rapid Plasma Deposition® technology, has received a follow-on order for delivery of titanium carrier trays to the Hittech Group in the Netherlands to support the semiconductor chip manufacturing industry.
The order is a follow-on order to the initial production order announced earlier this year, under which Norsk Titanium has delivered 3D printed carrier trays to Hittech and demonstrated that its near net shape 3D printing technology offers substantial savings on energy, time, and material. Please refer to the press release issued about the original order attached at the end of this release.
"We are excited to remain a trusted supply chain partner to the semiconductor industry. These large 80kg carrier structures are key components in the end-customers’ semiconductor chip-making equipment, and with our RPD® process we can generate both significant cost savings for our customer while expanding their production throughput,” said Steve Eaton, Norsk Titanium Vice President of Operations. “This follow-on order reinforces the strength and scale of our additive manufacturing technology for continuous production.”
Production of the carrier tray will take place at Norsk Titanium’s state-of-the-art production facility in Plattsburgh New York.
“This order significantly increases the monthly delivery rate to Hittech and expands our annual recurring revenues as forecasted,” said Nick Mayer, VP Commercial of Norsk Titanium. “We plan to further expand in the semiconductor market with sustainable and cost-effective solutions to our customers,” added Nick.
PLATTSBURGH NEW YORK, November 30, 2023 — Norsk Titanium (Euronext: NTI, OTCQX: NORSF), a global leader in additive manufacturing for aerospace-grade structural titanium components using its patented Rapid Plasma Deposition® technology, has received a follow-on order for delivery of titanium carrier trays to the Hittech Group in the Netherlands to support the semiconductor chip manufacturing industry.
The order is a follow-on order to the initial production order announced earlier this year, under which Norsk Titanium has delivered 3D printed carrier trays to Hittech and demonstrated that its near net shape 3D printing technology offers substantial savings on energy, time, and material. Please refer to the press release issued about the original order attached at the end of this release.
"We are excited to remain a trusted supply chain partner to the semiconductor industry. These large 80kg carrier structures are key components in the end-customers’ semiconductor chip-making equipment, and with our RPD® process we can generate both significant cost savings for our customer while expanding their production throughput,” said Steve Eaton, Norsk Titanium Vice President of Operations. “This follow-on order reinforces the strength and scale of our additive manufacturing technology for continuous production.”
Production of the carrier tray will take place at Norsk Titanium’s state-of-the-art production facility in Plattsburgh New York.
“This order significantly increases the monthly delivery rate to Hittech and expands our annual recurring revenues as forecasted,” said Nick Mayer, VP Commercial of Norsk Titanium. “We plan to further expand in the semiconductor market with sustainable and cost-effective solutions to our customers,” added Nick.
NordicGuy
05.12.2023 kl 14:05
12914
STRONG ENDORSEMENT BY AEROTEC:
Comments on NTI’s technology. Aerotec shows a video if you scroll down.
https://www.linkedin.com/posts/steve-schuster-85a88b2a_aviation-made-in-niedersachsen-gr%C3%BCnes-ugcPost-7136521522768146432-VJfY?utm_source=share&utm_medium=member_ios
Comments on NTI’s technology. Aerotec shows a video if you scroll down.
https://www.linkedin.com/posts/steve-schuster-85a88b2a_aviation-made-in-niedersachsen-gr%C3%BCnes-ugcPost-7136521522768146432-VJfY?utm_source=share&utm_medium=member_ios
NordicGuy
19.12.2023 kl 17:08
12797
Today‘s Announcement
PLATTSBURGH NEW YORK, December 19, 2023 — Norsk Titanium (Euronext: NTI, OTCQX:
NORSF), a global leader in additive manufacturing for aerospace-grade structural
titanium components using its patented Rapid Plasma Deposition® technology,
announces qualification and initial production for Airbus.
Within a multi-year collaboration with Airbus, Norsk Titanium successfully
qualified its Merke IV® machine and the Rapid Plasma Deposition® (RPD®) process
for Airbus production.
Premium Aerotec in Varel Germany, an Airbus subsidiary, has placed an order for
an initial structural part, and Norsk Titanium is currently completing delivery
of the first order. The first additively manufactured preforms delivered by
Norsk have been machined, qualified and installed into an A350 assembly.
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.
PLATTSBURGH NEW YORK, December 19, 2023 — Norsk Titanium (Euronext: NTI, OTCQX:
NORSF), a global leader in additive manufacturing for aerospace-grade structural
titanium components using its patented Rapid Plasma Deposition® technology,
announces qualification and initial production for Airbus.
Within a multi-year collaboration with Airbus, Norsk Titanium successfully
qualified its Merke IV® machine and the Rapid Plasma Deposition® (RPD®) process
for Airbus production.
Premium Aerotec in Varel Germany, an Airbus subsidiary, has placed an order for
an initial structural part, and Norsk Titanium is currently completing delivery
of the first order. The first additively manufactured preforms delivered by
Norsk have been machined, qualified and installed into an A350 assembly.
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.
asbjørnsen
19.12.2023 kl 18:07
12754
Heilt suverent!
Her kan ein framleis komme seg inn til ein rimeleg peng!
Her kan ein framleis komme seg inn til ein rimeleg peng!
Marketwatch
20.12.2023 kl 12:15
12634
Oppsiden på denne burde vært sterkt begrenset, er jo vedtatt en gigantemisjon innenfor intervall milevidt under dagens kurs. Svært mange som er på børs tror på julenissen!
asbjørnsen
20.12.2023 kl 14:16
12597
Heilt sant.
Dei som er satt som garantist er til 0,8kr-0,8225kr ref melding 4 des. Så blir det tegningspris iht melding, snitt tre dagar før generalforsamling 9 Jan.
Dei som er satt som garantist er til 0,8kr-0,8225kr ref melding 4 des. Så blir det tegningspris iht melding, snitt tre dagar før generalforsamling 9 Jan.
NordicGuy
22.12.2023 kl 16:36
12435
NTI is our top pick for 2024. Just read the below post by AEROTEC, one of the largest suppliers to Airbus. They talk about their cooperation with NTI.
If NTI starts deliveries to Airbus in scale, this company will multiply several times...
Premium AEROTEC GmbHPremium AEROTEC GmbH
16,080 followers16,080 followers
23h • Edited • 23h • Edited •
Innovation meets serial production: First DED part qualified for Airbus
In a mutual development and qualification activity, Premium AEROTEC, Airbus, Norsk Titanium and Testia GmbH qualified DED (Directed Energy Deposition) technology for serial application in Airbus. DED is now a proven additive manufacturing process for titanium parts, providing significant technological and economical advantages in a sustainable manner: Less raw material consumption, more efficient manufacturing processes allow for competitive and economical friendly production process designs.
The first batches of DED blanks for A350 structural components were delivered by Norsk to Premium AEROTEC in Varel earlier this year and successfully passed the qualification, machining and final inspections. The parts entered the serial production phase and have been integrated into the structural assembly of A350 in Varel. Stay tuned for the virgin flight of DED!
Carl Johnson [CEO, Norsk Titanium] and Dr. Jan Roman Hönnige [industrialisation manager DED, Premium AEROTEC] proudly showcase both the blank and the finished part straight into your screen - grateful for the performance of the whole team, making this happen.
This part will be the smallest component to be made using DED. The demonstration of serial production maturity is a door opener for larger and more spectacular components and an auspicious future for this new additive technology.
https://www.linkedin.com/company/premium-aerotec-gmbh/posts/?feedView=all
If NTI starts deliveries to Airbus in scale, this company will multiply several times...
Premium AEROTEC GmbHPremium AEROTEC GmbH
16,080 followers16,080 followers
23h • Edited • 23h • Edited •
Innovation meets serial production: First DED part qualified for Airbus
In a mutual development and qualification activity, Premium AEROTEC, Airbus, Norsk Titanium and Testia GmbH qualified DED (Directed Energy Deposition) technology for serial application in Airbus. DED is now a proven additive manufacturing process for titanium parts, providing significant technological and economical advantages in a sustainable manner: Less raw material consumption, more efficient manufacturing processes allow for competitive and economical friendly production process designs.
The first batches of DED blanks for A350 structural components were delivered by Norsk to Premium AEROTEC in Varel earlier this year and successfully passed the qualification, machining and final inspections. The parts entered the serial production phase and have been integrated into the structural assembly of A350 in Varel. Stay tuned for the virgin flight of DED!
Carl Johnson [CEO, Norsk Titanium] and Dr. Jan Roman Hönnige [industrialisation manager DED, Premium AEROTEC] proudly showcase both the blank and the finished part straight into your screen - grateful for the performance of the whole team, making this happen.
This part will be the smallest component to be made using DED. The demonstration of serial production maturity is a door opener for larger and more spectacular components and an auspicious future for this new additive technology.
https://www.linkedin.com/company/premium-aerotec-gmbh/posts/?feedView=all
asbjørnsen
22.12.2023 kl 23:37
12328
Takk som delte @NordicGuy
Det der er eit fint innlegg på LinkedIn.
Den kjem nok til å få ein del meir positiv omtale utover i 2024 altså.
I tillegg til luftfart har dei mange andre spennande prosjekt på gang.
Full gass!!!
Det der er eit fint innlegg på LinkedIn.
Den kjem nok til å få ein del meir positiv omtale utover i 2024 altså.
I tillegg til luftfart har dei mange andre spennande prosjekt på gang.
Full gass!!!
Burobeng
23.12.2023 kl 00:16
12298
I første omgang vil inntektene komme fra produksjon av reservedeler som hittil har blitt laget ved å maskinere ned en kompakt titanblokk. På lengre sikt kan nye flytyper konstrueres med større titandeler som bare er mulig å lage med NTIs teknologi.
kentove
23.12.2023 kl 17:17
12192
Northrop grumman og departement of defense er jo greie kunder og 🤑
NordicGuy
29.12.2023 kl 17:40
11908
Norsk Titanium's technology is shaping the future of aerospace manufacturing
https://www.proactiveinvestors.com/companies/news/1037107/norsk-titanium-s-technology-is-shaping-the-future-of-aerospace-manufacturing-1037107.html
https://www.abcnyheter.no/nyheter/norge/2024/01/02/195972484/offshore-helikoptre-blir-satt-pa-bakken-kan-pavirke-aktivitet-pa-sokkelen
Her burde vel NTI være frempå og tilby reservedeler.
Stavanger Aftenblad, som omtalte saken først, skriver at leveringsproblemene blant annet skyldes pandemien, og at mangel på titan har gjort det vanskelig å produsere delene.
Her burde vel NTI være frempå og tilby reservedeler.
Stavanger Aftenblad, som omtalte saken først, skriver at leveringsproblemene blant annet skyldes pandemien, og at mangel på titan har gjort det vanskelig å produsere delene.
Redigert 02.01.2024 kl 19:53
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asbjørnsen
02.01.2024 kl 20:17
11682
Dei er nok på ballen, men så var det det med godkjenningsprosessen då... ttt
https://www.finansavisen.no/transport/2024/01/02/8077879/airbus-slo-malene
Dette blir bare bedre og bedre.
Dette blir bare bedre og bedre.
Lockheed Martin som bygger Sikorsky S-92.
https://www.lockheedmartin.com
Og de er også om ikke i samarbeid med Airbus så kjenner de hverandre, her kan det bli Fast track. ?
https://www.lockheedmartin.com/en-us/products/sikorsky-s-92-helicopter.html
https://www.lockheedmartin.com
Og de er også om ikke i samarbeid med Airbus så kjenner de hverandre, her kan det bli Fast track. ?
https://www.lockheedmartin.com/en-us/products/sikorsky-s-92-helicopter.html
Redigert 03.01.2024 kl 05:23
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NordicGuy
03.01.2024 kl 13:48
11461
Summary of the Carnegie´s research from 2021. Should be materializing now.
Leading the disruptive technology in additive manufacturing
Carnegie acted as Joint Global Coordinator and Joint Bookrunner in Norsk Titanium’s
private placement and subsequent listing on Euronext Growth Oslo.
Norsk Titanium has developed a disruptive proprietary technology in additive manufacturing
(AM) by creating a method for producing critical titanium components at significantly lower
cost than the incumbents. The production process is faster, uses 50−75% less raw materials,
has up to 75% less-expensive machining costs, uses less energy and is environmentally
superior to the incumbents. After several years in the development phase, Norsk Titanium
is the only AM company qualified by the Federal Aviation Administration (FAA), and it is
now working to attain serial orders in the aerospace industry.
Norsk Titanium is fully financed through mid-2023, with a potential USD30m financing need
thereafter. Current production capacity should support revenue of around USD300m (2.3x
our 2026 estimate) and the business model is highly scalable with limited capex needs.
The total addressable market (TAM) – defined by NTI – for titanium parts is currently
around USD150bn and Norsk Titanium’s accessible share is 50%. We expect Norsk
Titanium to capture around 0.5% of this market in 2030 and 2% of aerospace, which is the
company’s main market in its initial growth phase. This translates into revenue of
~USD470m in 2030.
We initiate coverage with BUY and a target price of NOK15 per share. On our valuation
metrics (regression across a large peer group and comparable EV/EBITDA and EV/EBIT
multiples for incumbents), the target price implies 2026 EV/S, EV/EBITDA and EV/EBIT of
2.6x, 8.5x and 9.0x, respectively.
Leading the disruptive technology in additive manufacturing
Carnegie acted as Joint Global Coordinator and Joint Bookrunner in Norsk Titanium’s
private placement and subsequent listing on Euronext Growth Oslo.
Norsk Titanium has developed a disruptive proprietary technology in additive manufacturing
(AM) by creating a method for producing critical titanium components at significantly lower
cost than the incumbents. The production process is faster, uses 50−75% less raw materials,
has up to 75% less-expensive machining costs, uses less energy and is environmentally
superior to the incumbents. After several years in the development phase, Norsk Titanium
is the only AM company qualified by the Federal Aviation Administration (FAA), and it is
now working to attain serial orders in the aerospace industry.
Norsk Titanium is fully financed through mid-2023, with a potential USD30m financing need
thereafter. Current production capacity should support revenue of around USD300m (2.3x
our 2026 estimate) and the business model is highly scalable with limited capex needs.
The total addressable market (TAM) – defined by NTI – for titanium parts is currently
around USD150bn and Norsk Titanium’s accessible share is 50%. We expect Norsk
Titanium to capture around 0.5% of this market in 2030 and 2% of aerospace, which is the
company’s main market in its initial growth phase. This translates into revenue of
~USD470m in 2030.
We initiate coverage with BUY and a target price of NOK15 per share. On our valuation
metrics (regression across a large peer group and comparable EV/EBITDA and EV/EBIT
multiples for incumbents), the target price implies 2026 EV/S, EV/EBITDA and EV/EBIT of
2.6x, 8.5x and 9.0x, respectively.
NordicGuy
04.01.2024 kl 09:29
11463
JUST PUBLISHED:
Norsk Titanium Expands Production Capabilities for Rapid Part Development
04 JAN 2024 07:30 CET
PLATTSBURGH NEW YORK, January 4, 2024 — Norsk Titanium (Euronext: NTI, OTCQX:
NORSF), a global leader in additive manufacturing for aerospace-grade structural
titanium components using its patented Rapid Plasma Deposition® (RPD®)
technology, is expanding its rapid part development and qualification
capabilities to shorten the lead-time and meet accelerated customer part
verification needs.
The new capabilities include heat treatment, ultrasonic non-destructive testing
(NDT), finish machining operations, and coordinate measuring (CMM), and will
allow for Norsk Titanium to perform all tasks needed to design, develop, and
qualify parts without adding any lead time required by the supply chain. The
additional capital investments have been made as part of Norsk Titanium’s
continued cooperation with the State of New York.
“With our RPD Builder™ rapid part design tool and these new capabilities, we can
now take a customer’s final part geometry, design the RPD® preform, and validate
the design all at our Plattsburgh New York facility,” said Steve Eaton, Norsk
Titanium VP of Operations. “We will be able to verify parts in accordance our
customers’ aerospace material specifications in as little as six weeks,” added
Eaton.
The expanded capabilities will also allow Norsk Titanium to deliver limited
production rapid prototypes to customer who have urgent needs. Rapid part
development and prototyping are critical capabilities needed to meet Norsk
Titanium’s objective of developing a ‘part-in-a-day’ operation and transitioning
the number of parts needed to meet the company’s long-term goals.
For further information, please contact:
Nicholas Mayer
VP Commercial
nicholas.mayer@norsktitanium.com
+1 (310) 989-0088
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.
Norsk Titanium Expands Production Capabilities for Rapid Part Development
04 JAN 2024 07:30 CET
PLATTSBURGH NEW YORK, January 4, 2024 — Norsk Titanium (Euronext: NTI, OTCQX:
NORSF), a global leader in additive manufacturing for aerospace-grade structural
titanium components using its patented Rapid Plasma Deposition® (RPD®)
technology, is expanding its rapid part development and qualification
capabilities to shorten the lead-time and meet accelerated customer part
verification needs.
The new capabilities include heat treatment, ultrasonic non-destructive testing
(NDT), finish machining operations, and coordinate measuring (CMM), and will
allow for Norsk Titanium to perform all tasks needed to design, develop, and
qualify parts without adding any lead time required by the supply chain. The
additional capital investments have been made as part of Norsk Titanium’s
continued cooperation with the State of New York.
“With our RPD Builder™ rapid part design tool and these new capabilities, we can
now take a customer’s final part geometry, design the RPD® preform, and validate
the design all at our Plattsburgh New York facility,” said Steve Eaton, Norsk
Titanium VP of Operations. “We will be able to verify parts in accordance our
customers’ aerospace material specifications in as little as six weeks,” added
Eaton.
The expanded capabilities will also allow Norsk Titanium to deliver limited
production rapid prototypes to customer who have urgent needs. Rapid part
development and prototyping are critical capabilities needed to meet Norsk
Titanium’s objective of developing a ‘part-in-a-day’ operation and transitioning
the number of parts needed to meet the company’s long-term goals.
For further information, please contact:
Nicholas Mayer
VP Commercial
nicholas.mayer@norsktitanium.com
+1 (310) 989-0088
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.
NordicGuy
04.01.2024 kl 14:38
11416
I hear Norsk Titanium management is coming to Norway in mid-January for a roadshow.
That should push the share price over the next two weeks.
That should push the share price over the next two weeks.
NordicGuy
04.01.2024 kl 14:50
11411
Good summary of the Norsk Titanium investment case - it is included in the Top Ideas for 2024 in the site below:
https://fitinvestmentideas.com/2024/01/04/top-ideas-for-2024/
https://fitinvestmentideas.com/2024/01/04/top-ideas-for-2024/
NordicGuy
04.01.2024 kl 15:40
11398
Bullish report on Global Aerospace 3D Printing - NTI mentioned as top player:
https://menafn.com/1107681162/Global-Aerospace-3D-Printing-Market-Forecast-2024-2033-Market-Size-Drivers-Trends-And-Competitors
https://menafn.com/1107681162/Global-Aerospace-3D-Printing-Market-Forecast-2024-2033-Market-Size-Drivers-Trends-And-Competitors
NordicGuy
05.01.2024 kl 16:34
11268
Norsk Titanium included in the below Top Idea list for 2024
It is on my Top Idea List too..
https://fitinvestmentideas.com/2024/01/04/top-ideas-for-2024/
It is on my Top Idea List too..
https://fitinvestmentideas.com/2024/01/04/top-ideas-for-2024/
NordicGuy
06.01.2024 kl 14:46
11211
From NTI Linkedin:
Another significant milestone for Norsk Titanium! With this new end-to-end capability, we’ll be able to develop and deliver parts to our aerospace customers Airbus and Boeing rapidly, fulfilling the promise of #additivemanufacturing.
Read the release: bit.ly/47ooqZy
Nick MayerView Nick Mayer’s profile
Vice President Commercial at Norsk Titanium
“Mark, we have qualified structural titanium parts for both Airbus and Boeing. They range in size from approximately 6 inches up to 30 inches in length.”
Another significant milestone for Norsk Titanium! With this new end-to-end capability, we’ll be able to develop and deliver parts to our aerospace customers Airbus and Boeing rapidly, fulfilling the promise of #additivemanufacturing.
Read the release: bit.ly/47ooqZy
Nick MayerView Nick Mayer’s profile
Vice President Commercial at Norsk Titanium
“Mark, we have qualified structural titanium parts for both Airbus and Boeing. They range in size from approximately 6 inches up to 30 inches in length.”
NordicGuy
08.01.2024 kl 15:22
11008
Norsk Titanium on Roadshow with Carnegie on 16-17/1 - they will be meeting institutional investors.
It should have a positive reaction on the share price.
It should have a positive reaction on the share price.
Billyjojimbob
08.01.2024 kl 19:34
10960
asbjørnsen
08.01.2024 kl 20:29
10931
Ja det får vi håpe, for i morgon blir det temmeleg blodraudt....
Ja og den er jo sukkeret litt for de som tror på NTI.
Bla. meg.
Other information: The subscribers in the Rights Issue will without cost be allocated one warrant (Nw. "frittstående tegningsrett") issued by the Company for every two new shares allocated to, and paid by, them in the Rights Issue. The number of warrants to be issued will be minimum 110,671,937 and maximum 136,819,702. Each warrant will give the holder a right to subscribe for one new share in the Company at a subscription price equal to the volume-weighted average price (VWAP) of the Company's shares on the Euronext Growth Oslo on the three last trading days prior to the first date on which the holder can exercise the warrant in each exercise period (as described below) less 30%, but in any event not exceeding the subscription price in the Rights Issue plus 30% (i.e. NOK 1.068925). The warrants may be exercised during two exercise periods: (i) 10 – 21 June 2024, and (ii) 18 – 29 November 2024.
The Rights Issue is subject to approval by the extraordinary general meeting of the Company to be held at 15:00 (CET) on 9 January 2024 (the "EGM"). Notice of the EGM was sent on 14 December 2023.
Bla. meg.
Other information: The subscribers in the Rights Issue will without cost be allocated one warrant (Nw. "frittstående tegningsrett") issued by the Company for every two new shares allocated to, and paid by, them in the Rights Issue. The number of warrants to be issued will be minimum 110,671,937 and maximum 136,819,702. Each warrant will give the holder a right to subscribe for one new share in the Company at a subscription price equal to the volume-weighted average price (VWAP) of the Company's shares on the Euronext Growth Oslo on the three last trading days prior to the first date on which the holder can exercise the warrant in each exercise period (as described below) less 30%, but in any event not exceeding the subscription price in the Rights Issue plus 30% (i.e. NOK 1.068925). The warrants may be exercised during two exercise periods: (i) 10 – 21 June 2024, and (ii) 18 – 29 November 2024.
The Rights Issue is subject to approval by the extraordinary general meeting of the Company to be held at 15:00 (CET) on 9 January 2024 (the "EGM"). Notice of the EGM was sent on 14 December 2023.
Flaxx
10.01.2024 kl 16:09
10537
Billyjojimbob skrev Spennende om den går under 0,82 over børs denne gangen.
Kursen idag (ex retter) ligger godt OVER sluttkursen igår (med retter) når man tar hensyn til og vekter gårsdagens markedsverdi og kommende innbetaling holdt opp mot totalantallet aksjer.
Dette viser at markedet har tatt godt imot den kommende kapitalforhøyelsen.
Nå kan man vente mer informasjon opp mot tegningsperioden i februar.
En potent aksje som NTI kan fort få et kraftig løft.
Dette viser at markedet har tatt godt imot den kommende kapitalforhøyelsen.
Nå kan man vente mer informasjon opp mot tegningsperioden i februar.
En potent aksje som NTI kan fort få et kraftig løft.
NordicGuy
15.01.2024 kl 18:37
10300
PLATTSBURGH NEW YORK, January 15, 2024 — Norsk Titanium (Euronext: NTI, OTCQX:
NORSF), a global leader in additive manufacturing for aerospace-grade structural
titanium components using its patented Rapid Plasma Deposition® (RPD®)
technology, announces delivery of flight critical aircraft structure to General
Atomics Aeronautical Systems, Inc. (GA-ASI), a leading developer of unmanned
aircraft systems and prime contractor to the US Department of Defense.
Under a development contract with GA-ASI’s Additive Design & Manufacturing
Center of Excellence, Norsk Titanium has delivered RPD® final machined
components for test and evaluation. GA-ASI will conduct destructive testing in
support of specification and part development.
“General Atomics has been dedicated to maturing directed energy additive and
implementing it in their production programs,” said Nicholas Mayer Norsk
Titanium Vice President of Commercial, “After an extensive collaborative
qualification effort over the past few years with Norsk Titanium, GA-ASI plans
to apply the qualified process to structural components within their next
generation platforms currently under development, and is planning on their first
flight of a critical, structurally loaded component, within the 2024-2025
timeframe.”
Norsk Titanium has recently announced qualification and production milestones in
their core commercial aerospace titanium market. The continued expansion of
their defense market offerings is a key part of Norsk Titanium’s long term
growth strategy.
NORSF), a global leader in additive manufacturing for aerospace-grade structural
titanium components using its patented Rapid Plasma Deposition® (RPD®)
technology, announces delivery of flight critical aircraft structure to General
Atomics Aeronautical Systems, Inc. (GA-ASI), a leading developer of unmanned
aircraft systems and prime contractor to the US Department of Defense.
Under a development contract with GA-ASI’s Additive Design & Manufacturing
Center of Excellence, Norsk Titanium has delivered RPD® final machined
components for test and evaluation. GA-ASI will conduct destructive testing in
support of specification and part development.
“General Atomics has been dedicated to maturing directed energy additive and
implementing it in their production programs,” said Nicholas Mayer Norsk
Titanium Vice President of Commercial, “After an extensive collaborative
qualification effort over the past few years with Norsk Titanium, GA-ASI plans
to apply the qualified process to structural components within their next
generation platforms currently under development, and is planning on their first
flight of a critical, structurally loaded component, within the 2024-2025
timeframe.”
Norsk Titanium has recently announced qualification and production milestones in
their core commercial aerospace titanium market. The continued expansion of
their defense market offerings is a key part of Norsk Titanium’s long term
growth strategy.
kentove
16.01.2024 kl 01:37
10217
Kommende pengemaskin, iallefall i 2026, glad eg gikk gjennom growth børsen og undersøkte aksjer der og fant denne til under 1 krone aksjen, selv etter x dato e den dønn opp, "kjedelig aksje" som et par andre men greit å ha noen sånne og, ikke bare spekulere i shipping og andre volatile
NordicGuy
16.01.2024 kl 11:13
10179
NordicGuy
18.01.2024 kl 11:34
10074
Just poped up on my LInkedin:
Airotec is Top Tier Supplier to Aerbus
Premium AEROTEC GmbHPremium AEROTEC GmbH
16,271 followers16,271 followers
3w • Edited • 3w • Edited •
Innovation meets serial production: First DED part qualified for Airbus
In a mutual development and qualification activity, Premium AEROTEC, Airbus, Norsk Titanium and Testia GmbH qualified DED (Directed Energy Deposition) technology for serial application in Airbus. DED is now a proven additive manufacturing process for titanium parts, providing significant technological and economical advantages in a sustainable manner: Less raw material consumption, more efficient manufacturing processes allow for competitive and economical friendly production process designs.
The first batches of DED blanks for A350 structural components were delivered by Norsk to Premium AEROTEC in Varel earlier this year and successfully passed the qualification, machining and final inspections. The parts entered the serial production phase and have been integrated into the structural assembly of A350 in Varel. Stay tuned for the virgin flight of DED!
Carl Johnson [CEO, Norsk Titanium] and Dr. Jan Roman Hönnige [industrialisation manager DED, Premium AEROTEC] proudly showcase both the blank and the finished part straight into your screen - grateful for the performance of the whole team, making this happen.
This part will be the smallest component to be made using DED. The demonstration of serial production maturity is a door opener for larger and more spectacular components and an auspicious future for this new additive technology.
Airotec is Top Tier Supplier to Aerbus
Premium AEROTEC GmbHPremium AEROTEC GmbH
16,271 followers16,271 followers
3w • Edited • 3w • Edited •
Innovation meets serial production: First DED part qualified for Airbus
In a mutual development and qualification activity, Premium AEROTEC, Airbus, Norsk Titanium and Testia GmbH qualified DED (Directed Energy Deposition) technology for serial application in Airbus. DED is now a proven additive manufacturing process for titanium parts, providing significant technological and economical advantages in a sustainable manner: Less raw material consumption, more efficient manufacturing processes allow for competitive and economical friendly production process designs.
The first batches of DED blanks for A350 structural components were delivered by Norsk to Premium AEROTEC in Varel earlier this year and successfully passed the qualification, machining and final inspections. The parts entered the serial production phase and have been integrated into the structural assembly of A350 in Varel. Stay tuned for the virgin flight of DED!
Carl Johnson [CEO, Norsk Titanium] and Dr. Jan Roman Hönnige [industrialisation manager DED, Premium AEROTEC] proudly showcase both the blank and the finished part straight into your screen - grateful for the performance of the whole team, making this happen.
This part will be the smallest component to be made using DED. The demonstration of serial production maturity is a door opener for larger and more spectacular components and an auspicious future for this new additive technology.
NordicGuy
04.02.2024 kl 12:29
9856
Do you want to visit Norsk Titanium production facility. You can! Today!
Copied from Norsk Titanium Linkedin
https://youtube.com/watch?v=cZxnDbAzLE4&si=k5ymOW-IjN1V1qPf
Copied from Norsk Titanium Linkedin
https://youtube.com/watch?v=cZxnDbAzLE4&si=k5ymOW-IjN1V1qPf
kentove
05.02.2024 kl 14:10
9746
The subscription period is expected to take place from 6 February 2024 09:00 hours (CET) to 20 February 2024 at 16:30 (CET).
Betaling var vel 23/2, men overtegning stod det vel ikke noe om?
Betaling var vel 23/2, men overtegning stod det vel ikke noe om?