John Andersen
Good morning, everybody. My title is John Andersen. I am the Chairman of the Board of Norsk Titanium, and welcome to this third quarter operational replace. I do know that you’re all keen to listen to from our new CEO, Fabrizio Ponte. However since Fabrizio joined us solely 4 weeks in the past on October 6, we thought it was applicable that I make some introduction on our efficiency within the third quarter earlier than leaving the ground to him. We even have on-line our CFO, Ashar Ashary. Ashar is sadly unable to journey resulting from a again damage, however he’ll be capable of take part within the Q&A session.
So only a fast reminder of our place within the additive manufacturing house. Norsk Titanium has a proprietary expertise validated by the OEMs with massive put in capability. That is our place to begin. We now have a big worth proposition, and we do have manufacturing capability put in and able to serve our prospects. We function in what we might describe as a big market. As of right now, we estimate the addressable market to be at USD 7 billion. Now you would possibly argue that, that is fairly a bit to work with in itself. However clearly, this market will proceed to develop over time for two causes.
To start with, we see growing construct fee in our core markets, in the beginning, aerospace, protection, after which however, we proceed to develop on our capabilities, so we can serve a rising proportion of the market as we proceed to develop on these capabilities, each partly dimension and into new metals. And at last, we have now a longtime buyer base. We now have body agreements with the main OEMs. And
