Norsk Titanium received an additional production contract for silicon wafer carrier trays from Hittech Bicha B.V. in the Netherlands, for use in the end-customer ASML?s semiconductor chipmaking equipment. Norsk Titanium has been collaborating with its partner, Hittech Group, to produce this part for ASML since early 2023. This latest order is the third production order from this customer to date, highlighting that this part has now transitioned into full rate production.

Norsk Titanium has recently announced qualification and production milestones in their core commercial aerospace and defense markets. The continued expansion of the industrial and semiconductor market offerings is a third pillar in the company?s growth strategy and is expected to contribute approximately 15% of total revenue this year.