31.10.2022 07:00:01 CET | Tekna Holding ASA | Non-regulatory press releases
(Arendal, Norway/Sherbrooke QC, Canada - 31 October) Tekna Holding ASA (Tekna,
OSE: TEKNA), a world-leading provider of induction plasma technology and
advanced manufacturing materials, has received an order in excess of $9M CAD for
a PlasmaSonic wind tunnel testing facility. Tekna's PlasmaSonic solutions are
key to advancing the development of new thermal protection materials required
for hypersonic flight and orbital re-entry vehicles.
"This is the third PlasmaSonic order within the past two years, confirming the
growing interest for hypersonic and space travel and the rebound in the systems
market. The equipment will be delivered in early 2024 and is a central piece to
the customer's hypersonic wind tunnel ground testing infrastructure," said Luc
Dionne, CEO of Tekna Holding ASA.
Tekna regularly supports the largest research laboratories and original
equipment manufacturers (OEMs) worldwide to accelerate materials development and
push the limits of hypersonic flight for aerospace and defense applications. The
company has identified a potential CAD 220 million market of similar hypersonic
wind tunnel material testing facilities.
"Hypersonic speed travel and atmospheric re-entry of space vehicles require
overcoming high temperatures and pressures generated by the friction of gases
that causes wear and tear on spacecraft heat shields. Tekna's Plasmasonic
portfolio includes an array of automated induction plasma wind tunnels, with
built-in instrumentation and robotics that are designed to replicate for hours
high altitude (around 70 km) and high velocity (up to Mach 25) faced by a
spacecraft during its re-entry into the atmosphere," said Romain Vert, Director
for Global Systems Sales of Tekna Plasma Systems Inc.
This PlasmaSonic order will be booked as order intake in the Systems segment in
the fourth quarter of 2022.
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, +1 438 885 6330, Investors@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.
Company website: www.tekna.com - http://www.tekna.com
LinkedIn: https://www.linkedin.com/company/tekna-plasma/
ABOUT TEKNA'S PLASMASONIC PRODUCTS
Tekna PlasmaSonic products are high enthalpy ground testing facilities used in
experimental investigations of heat shield materials and thermal protection
systems (TPS). The main purpose of this equipment is to reproduce the severe
conditions of an object travelling at high velocity or during its re-entry into
the atmosphere. A material sample can be tested under high enthalpy, high
velocity, and high heat flux. Tekna manufactures integrated systems using three
main plasma technologies specific to high enthalpy material testing facilities
(Induction Plasma Heater, Huels Plasma Heater, Segmented Plasma Heater) and
offers a high level of process integration and instrumentation.
More about Plasmasonic: https://www.tekna.com/plasmasonic
https://www.youtube.com/watch?v=IBuWToKwyCM&t=6s&ab_channel=Tekna
ATTACHMENTS
Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847682/1782/2496/Download%20announcement
%20as%20PDF.pdf