Tekna Holding ASA

Business and Financial Review • Apr 21, 2021

Tekna Holding commissions additional plasma atomizer for titanium and approves multi-million-dollar capacity increase to deliver on accelerating growth.

Tekna Holding commissions additional plasma atomizer for titanium and approves multi-million-dollar capacity increase to deliver on accelerating growth.

21.4.2021 19:25:25 CEST | Tekna Holding AS | Non-regulatory press releases

(Arendal, NORWAY / Sherbrooke QC, CANADA - 21 April 2021) Tekna Holding AS

(Tekna, OSE:TEKNA), the world-leading provider of advanced materials to

industry, has commissioned a state-of-the-art powder atomizer for titanium to

meet growing demand from the aerospace, medical, and automotive industries. The

new powder atomizer commissioned for titanium comes with highly automated

real-time process controls which translates into low labour operating cost.

In line with the company's growth strategy, Tekna's Board of Directors today

approved the manufacturing of six new production systems for the Additive

Manufacturing, Printed Electronics and Energy Storage segments. This investment

will bring the company's total number of plasma systems to 14.

"Tekna posted solid revenue growth in 2020, mainly driven by new customers and

increased powder sales, a trend which is accelerating. We're seeing growing

demand from the aerospace, medical, and automotive industries. Our goal is to

always meet the delivery expectations of our customers. The investment we are

announcing today, along with our newly commissioned state-of-the-art powder

atomizer, will ensure that we stay ahead of the demand curve. Tekna's plasma

systems enable us to produce materials with superior performance characteristics

to support our customers' development, enhance their competitiveness and reduce

their environmental footprint," said Luc Dionne, Chief Executive Officer Tekna

Canada.

Tekna established its subsidiary Tekna Advanced Materials (TAM) in 2014 for the

industrial production of titanium and other powders for 3D printing. Since then,

the company has focused on optimizing production and the end product. Today TAM

is a qualified supplier to a wide range of leading producers in the medical,

aerospace, defence and automotive sectors. Tekna notably became the first

worldwide supplier qualified by Boeing for additive manufacturing powders in

2020 - Boeing Material Specification (BMS) Titanium alloy powders and BMS

Aluminum alloy powders. With a rapidly rising customer base and share of repeat

deliveries, Tekna is making ongoing plans to expand capacity in order to meet

the growing demand.

DISCLAIMER

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.

CONTACTS

* Arina van Oost, Investor Relations | VP Corporate Strategic Development &

Innovation, +1 438 885 6330, Arina.vanoost@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.

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847682/474/606/Download%20announcement%2

0as%20PDF.pdf