Tekna Holding ASA

Regulatory Filings • May 15, 2023

TEKNA receives major order for CAD 1.7 million of titanium powder

TEKNA receives major order for CAD 1.7 million of titanium powder

15.5.2023 08:31:57 CEST | Tekna Holding ASA | Non-regulatory press releases

ARENDAL, NO / SHERBROOKE, QC. 15 May 2023 - Tekna (OSE: TEKNA), the

world-leading provider of advanced materials and plasma systems to industry, has

received a major order for CAD 1.7 million of titanium (Ti64) additive

manufacturing powder.

Tekna announced today that it has received a major order from an undisclosed

customer in Asia (hereafter the "Customer") for CAD 1.7 million of titanium

powder. The first shipment of the material has been completed, and subsequent

deliveries will continue until the end of 2023. The Customer will be using the

powder in the process of metal injection molding to manufacture sub-components

for personal electronic devices on a large scale.

"We are excited that we have achieved this significant milestone in one of our

most promising market segments - consumer electronics. This is a rapidly growing

sector with great potential for Tekna. We believe that this order is proof of

the quality of our products and the strength of our brand," said Luc Dionne, CEO

of Tekna.

The sub-components manufactured using metal injection molding by the Customer

are supplied in the consumer electronics value chain to companies having a

global reach. The growth potential for metal injection molding in the consumer

electronics industry is significant, as it allows for the creation of smaller

and more intricate components that can enhance the performance and functionality

of electronic devices.

Metal injection molding is a manufacturing process that involves blending fine

metal powders with polymer binder material to create a feedstock that is

injected into a mold and later sintered into a desired shape. This process

offers several benefits, including the ability to create complex shapes with

high precision and an excellent surface finish. It is also a cost-effective

alternative to traditional manufacturing methods such as machining or casting.

Tekna is proud to be a part of this innovative manufacturing process and looks

forward to continuing to support the Customer and their manufacturing needs.

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, +1 438 885 6330, Investors@tekna.com

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

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847682/2354/3264/Download%20announcement

%20as%20PDF.pdf