Norsk Titanium AS, a pioneering supplier of aerospace-grade, additive manufactured, structural titanium components has recently closed on an investment from Silicon Valley-based Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc. Applied Materials is a specialist in materials engineering solutions used to produce virtually every new chip and advanced display in the world.
âApplied Venturesâ investment in Norsk Titanium reflects our charter to identify and accelerate innovation around the globe, with an eye for emerging technologies where our leadership in materials engineering enables new growth markets,â? said Dr. Om Nalamasu, President of Applied Ventures and Chief Technology Officer of Applied Materials. âWe look forward to working with Norsk Titanium on industrial applications for its RPD⢠technology.â?
In June 2016, Norsk Titanium announced the closing of a USD 25M funding round, and in July 2016 announced a USD 125M state investment to build the worldâs first industrial scale metal additive manufacturing plant in Plattsburgh, New York. In the same month, at the 2016 Farnborough International Airshow, Norsk Titanium announced orders and strategic partnerships with Thales Alenia Space, Mecachrome and a leading airframe OEM.
