“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.”
“Today marks the beginning of a new era in the way aircraft, marine vessels, automobiles, spacecraft and many industrial products are designed and built,” said Norsk Titanium President & Chief Executive Officer Warren M. Boley, Jr. “Not only are we creating jobs, huge economic impact and great visibility for the wider Plattsburgh community, we are also making history by kicking off a new phase of on-demand, near-net-shape manufacturing that sets a new benchmark of efficiency and customer responsiveness.”
“This unparalleled investment by Governor Andrew Cuomo in the North Country’s aerospace sector brings together a leading-edge global company in Norsk Titanium with an established high-tech aviation ecosystem in the region and the state, a perfect match that will create good paying advanced manufacturing jobs in Plattsburgh while advancing New York’s leadership in this dynamic and growing industry,” said SUNY Polytechnic Institute Vice President Christopher Walsh. “SUNY Poly is proud to partner with Norsk Titanium to bring this revolutionary technology to market and to continue to drive cutting edge research in all of the state’s nanotechnology-enabled industries.”
Under the terms of the deal, Norsk Titanium US will provide additional investment into the Plattsburgh operation that is expected to bring the total program commitment to the $1 billion dollar level over the initial 10-year period of operations. A $125 million New York investment in the Norsk Titanium US Plattsburgh factory was approved in the 2016-2017 State budget and first highlighted by Governor Cuomo on April 1, 2016 during the
North County Highlights budget address in Albany.
Norsk Titanium US is also partnering with the
North County Chamber of Commerce in Plattsburgh to support and promote the successful launch and growth of Norsk’s industrial-scale factory including workforce training, economic development and STEM outreach including specific educational programs for SUNY Plattsburgh, local community colleges and other schools in the region.
Norsk Titanium’s proprietary RPD™ process works by feeding titanium wire into a set of plasma torches protected by a cool argon environment that has made it possible to replace legacy forged parts, which take months and even years to develop and produce, with precision, additive manufactured components. The company has signed numerous contracts with the top echelon of aerospace manufacturers and tier-1 suppliers interested in leveraging RPD™ to cut cost and lead time from airframe and engine programs.
Norsk Titanium RPD™ components have equivalent strength to forgings, but are delivered inexpensively and efficiently, with unprecedented part cost and design-to-market speeds.
Norsk Titanium has a major presence at the Farnborough International Airshow July 11-15, 2016 in Hall 4, Booth A114, where it is exhibiting a full-scale mock-up of the company’s patented MERKE IV™ Rapid Plasma Deposition™ machine that has been qualified at the world’s top echelon of aircraft manufacturers to produce structural titanium components.
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. The Norsk Titanium research and development team is committed to replacing today’s inefficient manufacturing processes with a precision wire deposition technology embodying substantial savings for aerospace, defense, and commercial applications.
www.norsktitanium.com Contacts
Norsk Titanium AS
Chip Yates, VP of Marketing
+1-949-735-9463
media@norsktitanium.com
Source: Norsk Titanium AS
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