Tekna Holding ASA

Regulatory Filings • Jan 21, 2022

Tekna to consolidate all European additive manufacturing production at new facility in France

Tekna to consolidate all European additive manufacturing production at new facility in France

21.1.2022 08:00:00 CET | Tekna Holding AS | Non-regulatory press releases

ARENDAL, NO / SHERBROOKE, QC. 21 January 2022 - Tekna (OSE: TEKNA), the

world-leading provider of advanced materials to industry, today announced the

consolidation of its additive manufacturing powder production in Europe at a new

facility in Pont-de-Veyle, in eastern France. Tekna has signed a nine-year lease

agreement on the facility, which will strengthen the company's supply chain

resilience in Europe.

The 8 000 m2 building is designed to hold up to 1 500 tons of powder

manufacturing capacity and is currently planned for the production of nickel,

aluminium and titanium powders for the Additive Manufacturing segment. The

facility allows for further expansion of production capacity and for integrating

Printed Electronics and Energy Storage activities at a later stage. The plant is

part of Tekna's 10-year business plan launched in 2021 to develop and accelerate

growth in all three of its powder business segments. This facility enables Tekna

to be closer to its expanding portfolio of European customers, including

previously announced and upcoming long-term supply agreements signed with major

aerospace OEMs.

"This facility will be the centerpiece of a supply chain that is 100 per cent

European-based, ranging from feedstock procurement to manufacturing of advanced

powders, and delivery to point-of-use, with fully traceable, closed-loop

material recycling. Tekna's ambition to enable a green economy through the

efficient use of resources and the elimination of waste is taking shape. We are

strengthening the company's supply chain resilience, reducing our carbon

footprint and enabling the industry to operate in a circular economy," said

Tekna CEO Luc Dionne.

With the new facility in France and the recently announced production facility

for the Printed Electronics segment in Sherbrooke, Canada, Tekna will have

created space to grow production capacity by approximately 2 500 tons of powder

annually.

The lease agreement at the Pont-de-Veyle facility starts in January 2022 and

comes with the possibility of termination after six months, and subsequently

every three years. Tekna has the option to expand the leased area to 33 000 m2.

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

ABOUT TEKNA HOLDING AS

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.

www.tekna.com - http://www.tekna.com

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847682/1138/1515/Download%20announcement

%20as%20PDF.pdf