Norsk Titanium (NTI) investor relations material

Market opportunity and industry dynamics

• Aerospace and defense sectors face surging demand for titanium parts, with a $28B total addressable market and significant supply bottlenecks causing long lead times for critical components.

• Aircraft build rates must double by 2035 to meet demand, with over 43,000 new commercial aircraft needed and a record backlog of 17,000+ units.

• Defense inventory replenishment requires a tripling of production capacity, as current forging lead times cannot meet urgent needs.

• Geopolitical tensions and concentrated titanium supply in China and Russia increase the need for localized, resilient production.

• Semiconductor and industrial sectors are driving additional titanium demand, especially for advanced manufacturing systems.

Technology and production platform

• Rapid Plasma Deposition® (RPD®) delivers forging-equivalent titanium parts with lower capex, shorter lead times, and significant reductions in material, energy, and machining costs.

• RPD® is certified to aerospace material specifications (AMS & MMPDS) and is the only additive process listed in MMPDS.

• Installed production capacity includes 700 MT across facilities in Norway and an ITAR-compliant site in the US, enabling global, defense-ready supply.

• RPD® machines are more cost-effective and scalable than legacy forging presses, supporting flexible deployment and rapid scale-up.

• Over 2,000 structural aerospace parts produced, with the largest additively manufactured structural part flying in aerospace.

Customer integration and commercial execution

• Deep integration with major aerospace and defense OEMs, including Airbus, Boeing, Northrop Grumman, and General Atomics, with parts currently flying.

• RPD® is embedded in major OEM industrialization roadmaps, with milestone-driven execution and cross-functional teams supporting each program.

• Airbus is transitioning to RPD® for long-term production, with machine placement at Airbus Varel in 2026 as a strategic proof point.

• Defense sector progress includes converting multi-year qualifications into production awards and positioning for Navy and nuclear supply chains.

• Semiconductor partnerships, such as with Hittech, are expanding, with RPD® enabling significant material savings and rapid revenue growth.