Norsk Titanium AS, Oslo, Norway, has announced it is exploring industrial cooperation opportunities with the German diversified industrial group Thyssenkrupp AG.
In December 2016, Norsk Titanium and Thyssenkrupp Marine Systems signed a Memorandum of Understanding for industrial cooperation supporting Thyssenkrupp Marine Systems’ effort to replace the four Ula class submarines currently in service with the Norwegian Navy by modern submarines based on the HDW class 212A design.
As titanium is an important material for this new submarine generation, Norsk Titanium’s Rapid Plasma Deposition™ technology offers the potential to provide significant cost and schedule advantages.
“The collaboration with Thyssenkrupp constitutes a significant opportunity for Norsk Titanium and compliments our achievements in the aerospace sector,” stated Norsk Titanium President & Chief Executive Officer Warren M Boley, Jr. “We look forward to working closely with Thyssenkrupp to identify and further develop joint business opportunities that benefit both our customers and Norway.”
“Close cooperation with the Norwegian industry, state-of-the-art technologies and trustful long-term partnerships are key success factors to our concept in Norway. With the signed agreement, we are happy to have taken another step towards maximising domestic industry involvement in this project,” stated Dr Rolf Wirtz, CEO Thyssenkrupp Marine Systems.