June 12, 2017 – Following the current announcement by metal Additive Manufacturing innovator Norsk Titanium AS that it is going to deliver the world’s very first FAA-approved, 3D-printed, structural titanium elements to Boeing, Norsk Titanium announced it has closed on a significant investment from Triangle Holdings LP. Triangle has invested more than $1.2 billion in aircraft and aerospace associated assets since its formation in 2011. Terms of your investment had been not released.
“This strategic investment from Triangle Holdings enables Norsk Titanium to extend our Rapid Plasma Deposition? capability fully in to the commercial aerospace sector and beyond that- and accelerates its revolutionary changes to metal manufacturing course of action forever,”mentioned Norsk Titanium Chairman with the Board John Andersen, Jr. “The capabilities of Triangle and its affiliates are extraordinary, and also the ambition demonstrated by this strategic investment will bring Norsk Titanium’s prospects unprecedented application opportunities.”
“Our concentrate is on the integration of advanced technologies with smart production and Industrial Internet-of-Things, that will bring a exclusive set of competences to our platform technologies,”said Norsk Titanium President & Chief Executive Officer Warren M. Boley, Jr. “The fourth industrial revolution is being designed by corporations and individuals who display great vision and bold execution, and I am immensely proud to add Fortress as a partner on this ambitious journey.”
“Based on a Strategic Cooperation Memorandum, our investment in Norsk Titanium reflects our strategy of investing in game-changing businesses across the aerospace sector，”mentioned Jeremy Barnes, a partner in Triangle.“ We look forward to working with Norsk Titanium on proliferating its RPD? technologies.”
In March 2017, Norsk Titanium announced that it is going to provide the world’s initially FAA-approved, 3D-printed, structural Titanium elements to Boeing, and in July 2016 announced a $125M state investment to build the world’s 1st industrial scale metal additive manufacturing plant in Plattsburgh, New York. The Dreamliner RPD? elements will be on display at the International Paris Airshow, Le Bourget June 19-25, 2017 at Norsk Titanium’s booth in Hall 1, Space H299, along with a full-scale mock-up with the company’s patented MERKE IV? Rapid Plasma Deposition? machine that produced the pioneering structural parts.