Tekna Holding ASA

Earnings Release • Oct 19, 2023

TEKNA Receives Major Order for CAD 2.9 million of Titanium Powder

TEKNA Receives Major Order for CAD 2.9 million of Titanium Powder

19.10.2023 09:00:01 CEST | Tekna Holding ASA | Non-regulatory press releases

ARENDAL, NO / SHERBROOKE, QC. 19 October 2023 - Tekna (OSE: TEKNA), a

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

pleased to announce another significant order valued at CAD 2.9 million for

titanium powder for metal injection molding.

The order involves the supply of titanium powder applied for metal injection

molding (MIM) to a premier Tier 1 component manufacturer based in Asia. This

specific grade of titanium is particularly well suited for MIM. The customer

will utilize the powder for mass-producing sub-components, including digital

watch cases and dials, designed for personal electronic devices. Deliveries for

this contract are scheduled for 2024. A similar order, valued at CAD 1.7

million, was received from the same customer in May 2023.

"This order is for material consisting of the smaller particles from our

existing powder production, which is readily available in our inventory. It

plays an important role in our strategy to secure sales of Tekna's entire

production capacity and aligns with our ambitious growth objectives," said Luc

Dionne, CEO of Tekna. He further added: "We are proud to be a part of this

innovative manufacturing process and look forward to provide support to this

customer in its manufacturing requirements".

Rémy Pontone, VP Sales and Marketing explains: "Metal powder production

processes naturally yield a wide distribution of particle sizes. These powders

are subsequently separated into different cut sizes, each becoming a different

product. Traditionally in the industry some cut sizes have been considered of

limited use and even discarded as waste. Through collaborative efforts with our

customers, we have successfully qualified this smaller cut size for MIM, leading

to improved resource efficiency, heightened sales yield and a substantial

increase in market share within the consumer electronics components industry*".

MIM is a manufacturing process that involves blending fine metal powders with

polymer binder material, forming a feedstock that is subsequently injected into

a mold and then sintered into a desired shape. This process offers several

benefits, including the capability to swiftly manufacture complex shapes with a

high degree of accuracy while using considerably less raw material compared to

traditional machining.

*Tekna sells additive material into the consumer electronics market; this is to

be distinguished from its endeavours to enter the Microelectronics ("MLCC")

segment with nano materials.

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 Holding ASA, +14388856330, +33670115190,

Arina.vanoost@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/17847682/2689/3747/Download%20announcement

%20as%20PDF.pdf