RTI International Metals

RTI International Metals (2)

Norsk Titanium AS (NTi), a Norway-based manufacturer of titanium components for industrial applications, announced that RTI International Metals, Inc. (NYSE: RTI), a global supplier of titanium and specialty metal products and services, has become a strategic investor and minority partner with the company. RTI made an investment of an undisclosed amount for strategic cooperation projects surrounding NTi's Direct Metal Deposition (DMD) technology, used in NTi’s patented process for the manufacture of titanium components.

“This investment is an important endorsement of the hard work and achievements of the NTi team, who are poised to accelerate the market reach of our company’s game-changing technology for the production of titanium components, delivering to our customers the benefits of reduced price, shorter lead times, and increased design flexibility,” said Executive Chairman of NTi’s Board of Directors John Andersen, Jr.

“RTI is pleased to be a strategic industrial investor in NTi. Its DMD technology, a form of additive manufacturing or 3D printing, is a game-changer," said Dawne Hickton, Vice Chair, President and CEO of RTI. "Combining NTi's innovative technology with RTI's upstream raw materials and downstream fabrication capabilities has significant applications in the titanium closed-die forging market, with commercialization opportunities within the next 12 months.”

Vice Chairman of NTi’s Board of Directors Christopher E. Kubasik, who also is President and CEO of New York-based Seabury Advisory Group and a former Lockheed Martin Corporation executive, added, “NTi has entered into an incredibly exciting time as we gain this strategically important investment. We anticipate further initiatives in the near-term which will position NTi as the unquestionable global leader in advanced industrial applications for titanium components serving the fast-growing needs of such industries as aerospace & defense (A&D), oil & gas, and marine.“

NTi has achieved technology readiness level six (TRL6), which demonstrates its ability to meet stringent A&D material requirements. NTi expects to achieve technology readiness level eight (TRL8) by the fourth quarter of this year. The A&D industry is the largest and most demanding segment for titanium components. In addition, oil & gas, automotive and other industries require high quality, complex titanium components.

For more information, visit: www.norsktitanium.no

RTI International Metals, Inc. (NYSE:RTI) announced it has acquired Directed Manufacturing, Inc., a leader in Additive Manufacturing of metals and plastics for both commercial production and engineering development applications, for $23 million in cash. The transaction is expected to enhance RTI's ability to deliver advanced, cost-effective titanium and other advanced material solutions to customers in aerospace, medical device and other markets.

Based in Austin, TX, Directed Manufacturing, which will do business as RTI Directed Manufacturing, Inc., becomes the flagship organization in RTI's Advanced Additive product line. It produces complex products using titanium, nickel-chromium alloys and other specialty metals and composite plastics. The specific Additive Manufacturing or "3D Printing" technologies used by the company include Direct Metal Laser Sintering and Plastic Laser Sintering systems.

Directed Manufacturing currently manufactures products that include aerospace airfoils, rakes, guide vanes and injection nozzles, complex fasteners, surgical tools, medical implants, injection mold inserts and many others. It is one of the few companies in the fast-growing Additive Manufacturing field with commercial production experience in both metals and plastics. The company's customers include a number of major aerospace industry prime contractors and suppliers.

"We are very excited to welcome Directed Manufacturing to RTI. We believe its technology, track record of profitable commercial production, proven quality, performance and base of established customers immediately puts RTI at the forefront of Additive Manufacturing and 3D Printing -- the technology that is rapidly expanding it's influence on global manufacturing," Dawne S. Hickton, Vice Chair, President and CEO of RTI, said.

"The growth potential for Additive Manufacturing solutions in RTI's and Directed Manufacturing's markets is truly exceptional. We look forward to maximizing the commercial opportunities that the new capabilities of our latest acquisition will generate, particularly on the most advanced new commercial aircraft and engine platforms, as well as medical device applications," Ms. Hickton added. "We are also anxious to pursue opportunities with businesses in other market segments that are seeking the cost effectiveness of near-net-shape production that Directed Manufacturing's 3D Printing capability delivers."

"We are delighted to combine our company with RTI. Its existing capabilities, financial strength, strong market presence and global footprint make it the perfect partner for Directed Manufacturing to continue and accelerate our progress as we move forward together," Alex Fima, Founder of Directed Manufacturing, said.

The acquisition builds on more than two years of RTI research, development and other participation in the field of Additive Manufacturing as part of its strategic plan. These activities include collaboration with a major commercial aerospace OEM on prototype powder metal parts for advanced design aircraft. RTI is also a founding sponsor of the National Additive Manufacturing Innovation Institute (NAMII) -- recently rebranded "America Makes" -- a joint effort of the federal government and industry based in Youngstown, OH.

RTI International Metals, Inc., is a leading vertically integrated global supplier of advanced titanium and specialty metal products and services to commercial aerospace, defense, energy, medical device and other customers. For more than 60 years, RTI has been taking titanium further through advanced manufacturing, engineering, machining, and forming processes. RTI delivers titanium mill products, extruded shapes, formed and highly engineered precision-machined parts and components through our downstream integrated supply chain.

Headquartered in Pittsburgh, PA, RTI has locations in the United States, Canada, Europe, and Asia.

For more information, visit: www.rtiintl.com

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