Business Wire

Norsk Titanium Dedicates Plattsburgh Machines at Ceremony with New York Governor

Del

Norsk Titanium (Norsk), the world’s first FAA-approved supplier of aerospace-grade, additive manufactured, structural titanium components, held a dedication ceremony yesterday of its Plattsburgh Development and Qualification Center (PDQC) in Plattsburgh, New York. This facility, which currently houses nine of Norsk’s proprietary Rapid Plasma DepositionTM (RPD) titanium printing machines, signifies the partnership between Norsk and the state of New York. The site will produce aerospace components for Boeing and other aerospace producers. State and local officials, including New York Governor Andrew Cuomo, Howard Zemsky of Empire State Development, Michael Cashman of the Town of Plattsburgh, the City of Plattsburgh Mayor Colin Reed and Garry Douglas of the North Country Chamber of Commerce participated in the ceremony.

"Norsk could have chosen anywhere in the nation to set up their first-in-the-world manufacturing operations, but they chose Plattsburgh thanks to our economic development strategy and our pro-business climate," Governor Cuomo said. "This partnership will help grow the booming transportation and aeronautics industry, create hundreds of good jobs and support economic growth in the North Country."

Earlier this year, Norsk announced its first production order from Boeing Commercial Airplanes for the manufacture of 3D-printed structural titanium components for the 787 Dreamliner. “Congratulations to Norsk and New York State for a partnership that is bringing an exciting new technology and high-value aerospace jobs to Plattsburgh,” said Brian Baird, vice president, Aircraft Materials and Structures, Supplier Management, Boeing Commercial Airplanes. “Boeing is proud to support American manufacturing and engineering excellence through our U.S. supply chain, sustaining an estimated 1.3 million American jobs.”

Spirit Aerosystems, the world’s largest producer of aerostructures and strategic supplier to Boeing, also participated in the event. John Pilla, Senior Vice President, Chief Technology Officer at Spirit Aerosystems said, "Spirit is very pleased to be standing alongside Norsk and Governor Cuomo for this very critical milestone in our partnership. Spirit builds thousands of parts every day, and now with this new RPD™ facility, we will be able to deliver more cost-effective solutions with the highest possible quality to our customers. Spirit will be looking for opportunities to use this new technology and this state-of-the-art facility to deliver world-class aerostructures."

This past summer Norsk announced a 60 percent expansion of the PDQC facility, located less than a half mile from the future site of the Norsk Titanium Production Center. As stated in previous announcements, Norsk is targeting an additional 100 new jobs by the end of this year, 250 by the end of 2018, and 400 in 2019.

“Growth has been a consistent theme for Norsk Titanium, and today was no exception. This dedication signifies a 300% increase in our production capacity,” said Warren Boley, president and CEO of Norsk Titanium. “The partnership with Empire State Development has been key to attracting much-deserved attention to Plattsburgh’s ability to foster growth of high-technology companies. We are very pleased to be a part of the North Country community.”

While titanium 3D printing has grown over the years, Norsk has developed breakthrough technology that takes it to the next level. Norsk’s proprietary Rapid Plasma DepositionTM (RPD) process uses titanium wire with plasma torches to print titanium structural components on an industrial scale. RPD™ has demonstrated it can be used to produce large structural parts weighing over 100 lbs. RPD™ is also 50-100 times faster than powder-based systems, and uses 25-50% less titanium than incumbent forging processes. This technology is applicable to aviation, space, transportation, oil & gas, and maritime.

As Norsk has been planning and expanding its facility, it is also partnering with the North Country Chamber of Commerce in Plattsburgh to support and promote the successful launch and growth of Norsk’s industrial-scale factory including workforce training, economic development and STEM outreach with specific educational programs. Examples of these programs include the state’s Center for Advanced Materials Processing (CAMP) at Clarkson University and the new Institute for Advanced Manufacturing at Clinton Community College.

Empire State Development President, CEO & Commissioner Howard Zemsky said, “Throughout Upstate, Governor Cuomo’s inclusive, bottom-up approach to economic development is paying off – leading to transformative partnerships, attracting innovative global leaders like Norsk, and generating new jobs. Plattsburgh is now the world’s epicenter for next generation aerospace manufacturing, and it wouldn’t be possible without Governor Cuomo’s unwavering commitment to bringing business back to Upstate New York.”

Norsk Titanium’s choice to locate their first U.S. facility in the Plattsburgh region was due to its excellent transportation infrastructure, availability of a skilled and capable labor force, and the proximity to the large aerospace supply-chain community in the state and region.

About Norsk Titanium AS

Norsk Titanium AS is the world’s pioneering supplier of aerospace-grade, additive manufactured, structural titanium components. The company is distinguished in the aviation industry by its patented Rapid Plasma Deposition™ (RPD™) process that transforms titanium wire into complex components suitable for structural and safety-critical applications. Norsk Titanium is a tier-1 supplier to Boeing and is committed to cost-reducing aerostructures and jet engines for the world’s premier aerospace manufacturers. RPD™ is the world’s first FAA-approved, 3D-printed, structural titanium, delivering substantial lead-time and cost savings for aerospace, defense, and commercial customers. www.norsktitanium.com

Contact information

Griffin Communications Group
Lauren Quesada, 281-744-7938
Lauren@griffincg.com

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

GE’s AffinityTM: The first civil supersonic engine in 55 years – launching a new era of efficient supersonic flight15.10.2018 22:17Pressemelding

At a press conference with Aerion Corporation today, GE Aviation announced that it has completed the initial design of the first supersonic engine purpose-built for business jets. This new engine class, revealed today as GE’s AffinityTM turbofan, is optimized with proven GE technology for supersonic flight and timed to meet the Aerion AS2 launch. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181015005961/en/ The name “Affinity” was chosen because it reflects this engine class’ harmonious assemblage of GE’s commercial, non-civil and business aviation propulsion technologies to bring a true step-change in commercial supersonic propulsion. (Photo: Business Wire) The Affinity is a new class of medium bypass ratio engines that provide exceptional and balanced performance across supersonic and subsonic flights. The Affinity integrates a unique blend of proven military supersonic experience, commercial reliability and the most adv

IFF to Release Third Quarter 2018 Results November 515.10.2018 20:15Pressemelding

Regulatory News: International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext Paris: IFF) (TASE: IFF), a leading innovator of scent, taste, and nutrition, announced that it will release its third quarter 2018 earnings results following the market close on Monday, November 5, 2018. The management team will host a live webcast on Tuesday, November 6, 2018 at 10:00 a.m. ET to discuss results and outlook with the investor community. Investors may access the live webcast and accompanying slide presentation on the Company's website at ir.iff.com. For those unable to listen to the live webcast, a recorded version will be made available for replay. Meet IFF International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext Paris: IFF) (TASE: IFF) is a leading innovator of scent, taste, and nutrition, with over 110 manufacturing facilities, 100 R&D centers, and 33,000 customers globally. At the heart of our company, we are fueled by a sense of discovery, constantly asking “what if?”. That passion for

Sumitomo SHI FW Wins Contract for Biomass CFB Boiler Island in South Korea15.10.2018 20:00Pressemelding

Sumitomo SHI FW (SFW) announces today that it has been awarded a contract by SK Engineering & Construction Co., Ltd. for design and supply of SMG Energy’s SMG Biomass Power Plant to be located in Gunsan City in the Republic of Korea. Commercial operation of the new plant is scheduled for December 2020. SFW will design and supply the 100 MWe CFB steam generator and auxiliary equipment for the boiler island. The CFB steam generator will be designed to burn 100% wood pellets, while meeting applicable environmental regulatory requirements. SFW has supplied over 30 CFB steam generators to South Korea and this is the fourth firing biomass as its primary fuel. Tomas Harju-Jeanty, CEO, Sumitomo SHI FW, said: “Both higher efficiency and the use of biomass in power generation can contribute significantly to reducing emissions of carbon dioxide. SFW’s CFB technology is a perfect solution to meet these market requirements. We are pleased to again be chosen to play a part in helping South Korea mee

AMPLEXOR to Present on Neural Machine Translation Engine at Artificial Intelligence Event: 30 Years of DFKI – 30 Years of AI for Humans15.10.2018 19:09Pressemelding

AMPLEXOR: MEDIA ADVISORY: The German Research Center for Artificial Intelligence (DFKI) is one of the largest Artificial Intelligence (AI) centers of excellence globally, and is celebrating the 30th anniversary of its efforts partnering and researching AI for humans with an event, 30 Years of DFKI – 30 Years of AI for Humans. AMPLEXOR is honored to be the only external partner presenting at the event and will join senior researcher from DFKI, Raphael Rubino, to demonstrate AMPLEXOR’s enterprise-grade, neural machine translation (NMT) solution, developed in collaboration with DFKI. The NMT collaboration with DFKI was announced earlier in 2018 to support the translation of content in highly specific and demanding industries, Life Sciences and medical devices. The solution aims to significantly reduce the amount of human intervention to produce professional translation quality and has consistently outperformed customized engines from well-known MT providers. What: AMPLEXOR joins DFKI to c

Lehman Brothers Treasury to Further Explore Strategic Opportunities15.10.2018 16:54Pressemelding

Lehman Brothers Treasury Co. B.V. in liquidation (“LBT”) today, through its U.S. counsel Kramer Levin Naftalis & Frankel LLP, announced that the liquidators of LBT are continuing to explore various strategies to, among other things, facilitate the consolidation of the LBT creditor base and the wind-down of the LBT estate. To that end, the liquidators of LBT intend to engage with certain of LBT’s creditors and other market participants regarding potential strategies, including, but not limited to, a potential sale of a portion of LBT’s assets. No assurances can be made that any strategy will be employed, or if one is employed, the timing of its implementation. LBT does not undertake to publicly update its disclosure to reflect developments in this matter. View source version on businesswire.com: https://www.businesswire.com/news/home/20181015005777/en/ Contact information Kramer Levin Naftalis & Frankel LLP Daniel Eggermann, 212-715-9495

SFL – Third-Quarter 2018 Financial Information15.10.2018 16:28Pressemelding

Regulatory News: SFL (Paris:FLY): Consolidated revenue by business segment (€000's) 2018 (9 months) 2017 (9 months) Rental income 143,790 147,819 o/w Paris Central Business District 119,038 114,326 Paris Other 22,479 21,526 Western Crescent 2,273 11,967 Other revenue 0 0 Total consolidated revenue 143,790 147,819 At €143.8 million, consolidated rental income for the first nine months of 2018 was down €4.0 million or 2.7% compared to the €147.8 million reported for the same period of 2017. The decline was due to the disposal of the IN/OUT property in September 2017, the effects of which were offset to a significant extent by growth in like-for-like income. On a like-for-like basis (excluding all changes in the portfolio affecting period-on-period comparisons), rental income was €6.0 million (4.6%) higher, reflecting the contribution of new leases signed in 2017 and 2018, mainly in the Washington Plaza, 103 Grenelle, Cézanne Saint-Honoré and 9 Percier properties, as well as an increase i