State Releases First Funds for Signature Economic Development Project for Initial Lot of 20 Norsk Titanium MERKE IV™ Rapid Plasma Deposition™ Machines to Launch Aerospace Factory of the Future

[caption id="" align="alignnone" width="480"] ​Artist Rendering of $125M Norsk Titanium Plattsburgh, New York, Industrial Scale Additive Manufacturing.[/caption]

FARNBOROUGH, England--(BUSINESS WIRE)--

Norsk Titanium AS, the world’s pioneering supplier of aerospace-grade, additive manufactured, structural titanium components announced today the State of New York, in partnership with SUNY Polytechnic Institute, has placed an order for an initial lot of 20 of Norsk Titanium’s patented MERKE IV™ Rapid Plasma Deposition™ (“RPD™”) machines. The order is in accordance with an approved state budget allocation to facilitate Norsk Titanium’s US subsidiary building and operating the world’s first industrial-scale metal additive manufacturing plant in New York with the following details:

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• Plattsburgh, New York selected as the location for the world’s first Rapid Plasma Deposition™ factory
• Facility to be operational by the end of 2017
• The first 20 MERKE IV™ RPD™ machines establish a baseline production level of 400 metric tons per year of aerospace-grade, structural titanium components
• The New York program envisions a capacity ramp-up to a total of 40 MERKE IV™ RPD™ machines capable of up to 800 metric tons per year, which will be consumed to meet increasing demand from the aviation industry
• New York State investment advances Norsk Titanium’s production of the first 20 machines
• New York has released an additional $4.0 million in planning funds for the Norsk Titanium US industrial-scale Plattsburgh factory

“We are proud to be a part of the unwavering vision and leadership of Governor Cuomo and are moving forward in support of his efforts to revitalize upstate New York with jobs, technology and community pride,” said Norsk Titanium Chairman of the Board John Andersen, Jr. “Our researchers have spent ten years pioneering the Rapid Plasma Deposition™ process that is now ready to cut millions of dollars in cost from the world’s premier commercial and military aircraft, and with the foresight displayed in other sectors, the State of New York is the ideal place to launch this manufacturing revolution.”

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