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