TEKNA Receives Order for CAD 1.5 million of Titanium Powder

22.11.2023 09:00:01 CET | Tekna Holding ASA | Non-regulatory press releases

ARENDAL, NO / SHERBROOKE, QC. 22 November 2023 - Tekna (OSE: TEKNA), a
world-leading provider of advanced materials solutions to industry, is pleased
to announce another significant order valued at CAD 1.5 million for titanium
powder for medical applications.

The contract is for Tekna's main size titanium alloy powder exclusively used for
medical applications and is scheduled for delivery within the first three
quarters of 2024. This represents a notable 60% increase in orders from this
customer compared to the previous year and forms part of a three-year
distribution agreement. The customer is a leading distributor of titanium
powder, holding a significant position in the medical and dental industry across
Europe and worldwide. This partnership not only broadens Tekna's presence but
also enhances its influence in a global market.

"This substantial order is a testament to Tekna's growing influence and
reputation in the advanced materials industry, particularly in the medical
sector, which has grown to become one of the most advanced and prominent users
of additive manufacturing on a global scale. Partnering with a key player in the
European market not only strengthens our position but also highlights the trust
and reliability associated with our products. We are proud to play a pivotal
role in advancing medical technologies through our specialized titanium powders
," said Luc Dionne, CEO of Tekna.

This contract underscores Tekna's commitment to excellence and innovation in the
field of advanced materials and their dedication to meeting the increasing
demands of the medical sector. With this new agreement, Tekna continues to
solidify its position as a key supplier of specialized materials on a global
scale. Tekna's quality management system is ISO 13485:2016 certified for medical
applications.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

 * Arina Van Oost, Investor Relations | VP Corporate Strategic Development &
   Innovation, Tekna Holding ASA, [phone], [phone],
   [e-mail] 

ABOUT TEKNA HOLDING ASA

Tekna is a world-leading provider of advanced materials to industry,
headquartered in Sherbrooke, Canada.

Tekna produces high-purity metal powders for applications such as 3D printing in
the aerospace, medical and automotive sectors, as well as optimized induction
plasma systems for industrial research and production. With its unique,
IP-protected plasma technology, the company is well positioned in the growing
market for advanced nanomaterials within the electronics and batteries
industries.

Building on 30 years of delivering excellence, Tekna is a global player
recognized for its quality products and its commitment to its large base of
multinational blue-chip customers. Tekna's powder products increase productivity
and enable more efficient use of materials, thereby paving the way towards a
more resilient supply chain and circular economy.

https://www.tekna.com



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