Norsk Titanium AS
OSE:NTI
Norsk Titanium AS
Norsk Titanium AS engages in the production and supply of aerospace-grade, additive manufactured, structural titanium components. The company is headquartered in Honefoss, Buskerud. The company went IPO on 2021-05-18. The firm optimized Repeatable Digital Programming (RPD) technology to produce complex titanium components for industrial applications. The firm uses adapted Three-Dimensional (3D) printed titanium parts to create its titanium components. Through its Boeing Material Specification (BMS) and Aerospace Material Specification (AMS) 7004 / 7005 the Company's titanium parts can directly replace parts within the same design parameters and existing industrial flow. With this 3D technology, Norsk Titanium AS enters the Industrial, Commercial Aerospace, Maritime, Engine and Turbine market. The firm operates through its subsidiaries: Norsk Titanium Equipment AS, NTi MH AS, Norsk Titanium US Inc, Norsk Titanium Services Ltd, NTi Equipment Leasing(US) and One LLC.
Norsk Titanium AS engages in the production and supply of aerospace-grade, additive manufactured, structural titanium components. The company is headquartered in Honefoss, Buskerud. The company went IPO on 2021-05-18. The firm optimized Repeatable Digital Programming (RPD) technology to produce complex titanium components for industrial applications. The firm uses adapted Three-Dimensional (3D) printed titanium parts to create its titanium components. Through its Boeing Material Specification (BMS) and Aerospace Material Specification (AMS) 7004 / 7005 the Company's titanium parts can directly replace parts within the same design parameters and existing industrial flow. With this 3D technology, Norsk Titanium AS enters the Industrial, Commercial Aerospace, Maritime, Engine and Turbine market. The firm operates through its subsidiaries: Norsk Titanium Equipment AS, NTi MH AS, Norsk Titanium US Inc, Norsk Titanium Services Ltd, NTi Equipment Leasing(US) and One LLC.
Leadership Transition: Fabrizio Ponte, the new CEO, emphasized a focus on commercial execution, operational readiness, and financial discipline, but asked for time before providing new targets.
Commercial Progress: Two new industrial parts transitioned into serial production in Q3, though management acknowledged this was below expectations.
Aerospace & Defense: Ongoing close work with Airbus and Boeing; defense sector momentum boosted by a multi-million dollar development contract with the DoD, expected to provide meaningful near-term revenue.
Cost Control: Cash burn rate was reduced from $2.9 million to $2.4 million, with an aim to further lower it to $2 million.
Guidance Policy: The company is moving away from recurring revenue guidance, especially for industrial segments, and expects to provide updates on cash burn and financial outlook before year-end.
Certification Advances: Anticipated inclusion in the MMPDS standard is seen as a game changer, expected to support broader adoption in aerospace and industrial applications.
