Norsk Titanium and thyssenkrupp to Jointly Explore Industrial Cooperation Opportunities
Norsk Titanium AS, the world’s pioneering supplier of aerospace-grade, additive manufactured, structural titanium components, announced it is exploring industrial cooperation opportunities with the diversified industrial group thyssenkrupp.
In December 2016, Norsk Titanium and thyssenkrupp Marine Systems signed a Memorandum of Understanding for industrial cooperation supporting thyssenkrupp Marine Systems’ effort to replace the four Ula class submarines currently in service with the Norwegian Navy by modern submarines based on the HDW class 212A design. As titanium is an important material for this new submarine generation, Norsk Titanium’s revolutionary Rapid Plasma DepositionTM technology will provide significant cost and schedule advantages, disrupting traditional manufacturing processes.
“The collaboration with thyssenkrupp constitutes a significant opportunity for Norsk Titanium and complements our achievements in the aerospace sector,” said Norsk Titanium President & Chief Executive Officer Warren M. Boley, Jr. “We look forward to working closely with thyssenkrupp to identify and further develop joint business opportunities that benefit both our customers and Norway.”
“Close cooperation with the Norwegian industry, state-of-the-art technologies and trustful long term partnerships are key success factors to our concept in Norway. With the signed agreement, we are happy to have taken another step towards maximizing domestic industry involvement in this project,” said Dr. Rolf Wirtz, CEO thyssenkrupp Marine Systems.
Norsk Titanium is present at the International Paris Airshow, Le Bourget June 19-25, 2017, at a booth in Hall 1, Space H299, along with a full-scale mock-up of the company’s patented MERKE IV™ Rapid Plasma Deposition™ machine that produced the pioneering structural parts.
About Norsk Titanium AS
Norsk Titanium AS is the world’s pioneering supplier of aerospace-grade, additive manufactured, structural titanium components. The company is distinguished in the aviation industry by its patented Rapid Plasma Deposition™ (RPD™) process that transforms titanium wire into complex components suitable for structural and safety-critical applications. Norsk Titanium is a tier-1 supplier to Boeing and is committed to cost-reducing aerostructures and jet engines for the world’s premier aerospace manufacturers. RPD™ is the world’s first FAA-approved, 3D-printed, structural titanium, delivering substantial lead-time and cost savings for aerospace, defense, and commercial customers. www.norsktitanium.com
About thyssenkrupp Group
thyssenkrupp is a diversified industrial group with traditional strengths in materials and a growing share of capital goods and service businesses. Over 156,000 employees in nearly 80 countries work with passion and technological know-how to develop high-quality products and intelligent industrial processes and services for sustainable progress. Their skills and commitment are the basis of our success. In fiscal year 2015/2016 thyssenkrupp generated sales of around €39 billion.
About thyssenkrupp Marine Systems GmbH
thyssenkrupp Marine Systems is one of the world’s leading system suppliers for submarines and naval surface vessels. The company has a history of naval shipbuilding that dates back centuries and offers state-of-the-art technologies, innovations and extensive and dependable services to customers around the world.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170620005398/en/
Contact information
Griffin Communications Group
George Torres, +1 310.947.0982
media@norsktitanium.com
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Textron Aviation Raises the Bar for Workforce Development With State-of-the-Art Career & Learning Center23.4.2025 23:00:00 EEST | Press release
Textron Aviation Inc. a Textron Inc. (NYSE: TXT) company, today announced its new Career & Learning Center is complete and fully operational serving prospective, current and future Textron Aviation employees. Strategically located on the company’s East Wichita Campus, this state-of-the-art facility expands the training footprint to more than 75,000 square feet and provides a world-class employee experience during the application, hiring, onboarding and training processes. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250423874476/en/ Textron Aviation Career and Learning Center | Textron Aviation “The Textron Aviation Career & Learning Center is an important investment in building the next generation of aviation manufacturing, support and professional talent,” said Ron Draper, president and CEO. “Recruiting, hiring and training a world-class workforce is vital to our ability to provide the best aviation experience for our cu
TSMC Unveils Next-Generation A14 Process at North America Technology Symposium23.4.2025 21:40:00 EEST | Press release
TSMC (TWSE: 2330, NYSE: TSM) today unveiled its next cutting-edge logic process technology, A14, at the Company’s North America Technology Symposium. Representing a significant advancement from TSMC’s industry-leading N2 process, A14 is designed to drive AI transformation forward by delivering faster computing and greater power efficiency. It is also expected to enhance smartphones by improving their on-board AI capabilities, making them even smarter. Planned to enter production in 2028, the current A14 development is progressing smoothly with yield performance ahead of schedule. Compared with the N2 process, which is about to enter volume production later this year, A14 will offer up to 15% speed improvement at the same power, or up to 30% power reduction at the same speed, along with more than 20% increase in logic density. Leveraging the Company’s experience in design-technology co-optimization for nanosheet transistor, TSMC is also evolving its TSMC NanoFlex™ standard cell architec
Veracode Delivers End-to-End Risk Coverage with New Tools: AI-Powered Dynamic Analysis Security Testing with External Attack Surface Management23.4.2025 18:42:00 EEST | Press release
Veracode, a global leader in application risk management, today announced new capabilities to help organizations address emerging threats, giving security professionals better visibility and control in one place. The launch includes new AI-powered functionality in the Dynamic Application Security Testing (DAST)product and an External Attack Surface Management (EASM) capability. Together, they enable security teams to discover their entire attack surface and prioritize the most critical risk to streamline and simplify security scanning. “Security teams need to see and secure everything; not only what is inside their perimeter,” said Derek Maki, Head of Product at Veracode. “With our latest DAST capabilities and Application Risk Management platform enhancements, we’re helping organizations shift from vulnerability scanning to holistic risk management, to better identify risk residing in unidentified external assets.” Tackling Risk Across a Growing Attack Surface Modern development cycles
Incyte to Showcase New Data from its Oncology Portfolio at 2025 American Society of Clinical Oncology (ASCO) Annual Meeting23.4.2025 18:03:00 EEST | Press release
Incyte (Nasdaq: INCY) today announced that multiple abstracts featuring new data from its oncology portfolio will be presented at the 2025 American Society of Clinical Oncology (ASCO) Annual Meeting, held May 30 – June 3, 2025, in Chicago. “The data featured at the 2025 ASCO Annual Meeting, from both our approved medicines and early-stage pipeline, reflect our ongoing efforts to transform cancer care,” said Pablo J. Cagnoni, M.D., President and Head of Research and Development, Incyte. “We are advancing potential therapies across some of the most difficult-to-treat cancers and hematological diseases, including squamous cell anal cancer, ovarian cancer and myelofibrosis, with the hope of making a meaningful difference for these patients.” Key abstracts accepted for presentation: Oral Presentations INCB123667 Safety and Preliminary Efficacy from a Phase 1 Study of INCB123667, a Selective CDK2 Inhibitor, in Patients with Advanced Platinum-Resistant and Refractory Ovarian Cancer (OC) (Abst
LTIMindtree’s FY25 Revenue up 7% in INR23.4.2025 17:42:00 EEST | Press release
LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced its consolidated results today for the fourth quarter and full year ended Mar 31, 2025, as approved by its Board of Directors. “We concluded FY25 with a revenue growth of 5% in constant currency terms and an EBIT margin of 14.5%. Our key verticals and a major geography drove our yearly growth despite an ongoing challenging macro environment. The robust order inflow, driven by a significant array of AI-led deal wins, illustrates the pervasive integration of AI across our service offerings. Venu Lambu’s transition to LTIMindtree has been seamless and supports our strategic goals. His growing understanding of the organisation, combined with our ability to secure large deals, strong presence in tech-intensive sectors, and robust balance sheet, positions us well to leverage the opportunities ahead of us.” - Debashis Chatterjee, Chief Executive Officer and Managing Director Key finan
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom