– NORWAY / USA, NY – Norsk Titanium AS (NTi), a Norway-based leader in manufacturing premium quality titanium components for industrial applications, announced today the appointment of Warren M. Boley, Jr. as President & Chief Executive Officer. Mr. Boley will lead NTi as it seeks to establish the world’s first industrial scale Direct Metal Deposition (DMD) manufacturing facility in the U.S. Former Chief Executive Officer Jon André Løkke will remain with the company in the interim to assist with the leadership transition.
Mr. Boley will continue to serve on NTi’s Board of Directors while overseeing the transformation of the company’s manufacturing process to deliver Aerospace and Defense (A&D) applications. Mr. Boley has an extensive background in A&D, including his past position as President of Aerojet Rocketdyne serving DOD, NASA and commercial space markets, as well as his executive roles at Pratt & Whitney.
“I am very excited to be part of NTi’s executive team who are driving the next industrial revolution by bringing a game-changing technology in manufacturing titanium components to the U.S. and the A&D markets worldwide,” said NTi President & Chief Executive Officer Warren M. Boley, Jr. “I look forward to leading our efforts moving forward, which will build on NTi’s commitment to innovation and increasing affordability and speed of production for components required by the A&D sectors.”
The transition of NTi’s manufacturing to the U.S. is part of the company’s long-term strategy to commercialize the application of its proprietary DMD technology. NTi is currently undergoing required approvals for the new facility, which will be supported by the Norsk Titanium Technology Center based in Eggemoen, outside Hønefoss, Norway.
“We are very pleased to have Warren join our leadership, and we are confident he will take NTi to even greater success,” commented Executive Chairman of NTi’s Board of Directors John Andersen, Jr. “We are grateful to Jon André Løkke for assembling an outstanding team and building a strong foundation for our company’s next stage of growth and expansion, which will propel us to become the world’s leader in titanium components manufacturing and advanced 3D printing technologies.”
Christopher E. Kubasik, Vice Chairman of NTi’s Board of Directors and President & Chief Executive Officer of New York-based Seabury Advisory Group, added, “The DMD technology is a clear solution to the A&D industry’s desire for more affordable products. Warren is uniquely positioned to support NTi’s expansion into the U.S. and to deliver our technology to the world’s A&D markets.”
About Norsk Titanium AS
Norsk Titanium AS (NTi) is a Norway-based leader in manufacturing premium quality titanium components for industrial applications. The company has revolutionized the industry with its proprietary Direct Metal Deposition (DMD) technology that transforms titanium wire into complex components that are up to 70 – 80 percent complete. The 3D printing process involved reduces time from CAD drawings to manufacturing of finished titanium components by up to 90% and the cost by up to 70% compared to incumbent processes.
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