Norsk Titanium Receives a Purchase Order of USD1.5 Million and 2027 Sales Forecast of over USD 2.8 Million from Hittech

Oslo, Norway – 16 July 2026 – Norsk Titanium AS (Euronext Growth Oslo: NTI, OTCQX: NORSF) today announced that it has received a purchase order from Hittech, with an estimated revenue for Norsk Titanium of approx. USD 1.5 million covering deliveries through the end of Q1 2027. In addition, Hittech has provided a non-binding forecast under the companies' expanded semiconductor collaboration, indicating annual revenues from semiconductor deliveries exceeding USD 2.8 million in 2027 as production continues to scale.

The purchase order and non-binding forecast together reflect continued demand from leading customers in the semiconductor equipment supply chain, particularly in advanced lithography-related applications, where precision, material integrity, and repeatable performance are critical. The sales forecast is expected to be converted to purchase orders on a rolling quarter-by-quarter basis to support efficient planning, raw material sourcing, and production readiness as volumes increase.

This follows Norsk Titanium’s announcement on 7 May 2026 that the company and Hittech have expanded their semiconductor collaboration to support AI-driven semiconductor growth through 2027.

Norsk Titanium’s proprietary Rapid Plasma Deposition® technology has replaced legacy titanium forged blocks in the manufacturing of large titanium carrier trays for Hittech and its end-customer. The near-net-shape RPD® performs reduce machining requirements, improve material utilization, and support a more efficient and scalable production model. Norsk Titanium and Hittech are also collaborating to assume selected initial machining operations currently performed downstream, allowing Hittech to further streamline operations and increase throughput, and enabling Norsk Titanium to capture additional value in the manufacturing process.

“We are encouraged by the continued growth outlook in our semiconductor collaboration with Hittech,” said Fabrizio Ponte, CEO of Norsk Titanium. “The purchase order and 2027 forecast provide further visibility into the expected scale-up of semiconductor-related deliveries and support our expectation that this market will become a significant and revenue contributor for Norsk Titanium.”

With reference to Norsk Titanium AS' ongoing subsequent offering, a supplement to the national prospectus dated 8 July 2026 prepared in accordance with chapter 7 of the Norwegian Securities Trading Act will be drawn up and published separately.

For more information, please contact:

Fabrizio Ponte

CEO, Norsk Titanium AS

Email: Fabrizio.Ponte@norsktitanium.com

Tel: +1 404 426 2270 About Norsk Titanium

Norsk Titanium is a global leader in metal 3D printing, innovating the future of metal manufacturing by enabling a paradigm shift to a clean and sustainable manufacturing process. With its proprietary Rapid Plasma Deposition® technology and installed production capacity to generate annual revenues of approximately USD 300 million, Norsk Titanium offers cost-efficient 3D printing of value-added metal parts to a large addressable market. RPD® technology uses significantly less raw material, energy, and time than traditional energy-intensive forming methods, presenting customers with an opportunity to better manage input costs, logistics, and environmental impact. RPD® printed parts are already flying on commercial aircraft, and Norsk Titanium has gained significant traction with prime defense contractors and industrial customers. For the latest news, go to www.norsktitanium.com or follow us on LinkedIn.

Important information

This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. The stock exchange announcement was published by Gail A. Balcerzak, Chief Legal and People Officer of Norsk Titanium AS, at the time and date stated above in this announcement.

This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities. The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although Norsk Titamium AS believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control.

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