Tekna  

2935 Boul Industriel
Sherbrooke,  QC  J1L 2T9

Canada
819-820-2204

• Booth: E8413

Tekna manufactures spherical metallic powders for additive manufacturing applications, such as powder bed fusion (laser and EB) and directed energy deposition processes. Tekna mainly produces spherical powders of Ti-6Al-4V for medical and aerospace applications. These titanium alloy powders have a high level of sphericity and flowability, low oxygen content, high density (bulk and tapped), as well as controlled particle size distribution. These properties are necessary to make it compatible with the most demanding industrial applications. Tekna also manufactures other types of spheres such as W, Mo, Ta, and Al. Tekna's equipment division manufactures plasma systems to produce spherical powders at R&D, pilot and industrial scale.

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 Press Releases

• Tekna Holding successfully listed on Euronext Growth Oslo (Aug 20, 2021)

  30.3.2021 09:15:00 CEST | Tekna Holding AS | Non-regulatory press releases

  Public listing to accelerate company’s ambitious value creation strategy

  
  (Arendal, NORWAY / Sherbrooke QC, CANADA - 30 March 2021) Tekna Holding AS (Tekna, OSE:TEKNA), the world-leading provider of advanced materials to industry, today began trading on Euronext Growth Oslo, a multilateral trading facility operated by the Oslo Stock Exchange.

  Oslo Stock Exchange CEO Øivind Amundsen rang the opening bell in Oslo, with Tekna employees from across the world following the event online.

  Tekna wants to invest in further growth and prior to the listing, the company conducted a private placement, raising NOK 750 million in new equity. The placement was multiple times oversubscribed and attracted significant interest from highquality domestic, Nordic and international investors including cornerstone investors such as Lugard Road Capital (managed by Luxor Capital Group), Norron, Andenæsgruppen, Blackcrane, together with Storebrand and Delphi funds.

  The shares in the new issue were sold at NOK 27 corresponding to a pre-money market capitalization of NOK 2.7 billion for Tekna.

  “This IPO marks the start of a new and exciting chapter for Tekna as a publicly traded company, and propels us forward in our vision of taking a leadership position in three multi-billion-dollar markets: Additive manufacturing, printed electronics and energy storage,” said Luc Dionne, Chief Executive Officer Tekna Canada. “Supported by a strong portfolio of plasmabased technologies, we have a proven track-record of scalability, with over 80 per cent recurring sales of advanced materials. Our business model serves as a solid platform for increased market shares and strong revenue growth. This listing on Euronext Growth, combined with the successful private placement, provides us with a strong financial platform to accelerate our value creation strategy.”

  Over the last 30 years Tekna has, through extensive research and commercial operations, developed leading industry technology and know-how to produce 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.

  “Built on three decades of delivering excellence, Tekna has a proven and commercialized technology with a global network of over 200 blue-chip customers and an ambitious growth strategy towards 2030. The listing on Euronext Growth is an important part of this growth strategy, and we look forward to continue the Tekna journey as a listed entity” says Morten Henriksen, Chairman of Tekna Canada and Chief Executive Officer of Tekna Holding AS.

  
  Contacts
  Arina van Oost, VP Corporate Strategic Development & Innovation / IR manager, +1 438 885 6330, Arina.vanoost@tekna.com

  
  About Tekna Holding AS
  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.

• Hololens allows business as usual whilst avoiding thousands of miles in air travel (Aug 20, 2021)

  18 March 2021 - Tekna produces specialized plasma generating systems. Sales are mainly for overseas markets like China, India, USA, to name a few. Before shipment, as part of our quality procedures, the equipment undergoes a Factory Acceptance Test in conjunction with the customers. Formerly this critical step in the production process was performed on site in the Sherbrooke facility, requiring customers from over the globe to travel to Canada.

  Partly driven by COVID travel restrictions the Plasma Systems team found a way to conclude the Factory Acceptance Test with its customers by using Hololens technology. Overcoming time zones and language barriers, this process was successfully completed several times in the course of 2020. By applying this innovative and creative solution to the COVID challenge, Tekna was able to continue business as usual and avoided thousands of air travel miles.

  Tekna has continued to improve the application and Hololens is now also used for remote training and real-time worldwide support.

  About Tekna

  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 multinational base of over 200 blue-chip customers.

  Contacts
  Tekna / Media / Rémy Pontone: +33 6 70 05 97 95 / remy.pontone@tekna.com
  Tekna / Investor Relations / Morten Henriksen: +47 91 62 88 71 / morten.henriksen@arendalsfoss.no

• Tekna’s copper nanopowder as an antiviral agent in personal protective equipment to combat COVID-19 (Aug 20, 2021)

  
  28 October 2020 - Tekna has announced a collaboration with the Université du Québec à Trois-Rivières (UQTR) to develop an antibacterial and antiviral fabric treatment. Tekna will supply its copper nanopowder, manufactured with its 30-year proven plasma technology. Furthermore, Tekna will bring cutting-edge expertise to develop copper-based antiviral solutions and related products against SARS-CoV-2.

  “The copper nanoparticles produced by Tekna over the past several years will be incorporated into the fabrics used for personal protective equipment and other sanitary textile applications to attack and kill viruses, including SARS-CoV-2,” says Arina van Oost, VP Corporate and Strategic Development.

  Copper has been proven to be one of the most efficient antiviral materials against SARS-CoV-2. It is reported that the virus remains viable for less than 4 hours on copper, as compared to many days on plastic and stainless-steel surfaces. Several studies have also demonstrated that antibacterial copper coatings are even more efficient when made with copper nanoparticles.

  

  “We’re glad to be part of this initiative aiming to provide textiles with greater levels of protection for front-line health workers and contribute to the worldwide efforts to mitigate the global pandemic,” says Luc Dionne, CEO at Tekna.

  About Tekna
  Tekna is a subsidiary of Arendals Fossekompani ASA (AFK.OL) whose headquarters is located in Sherbrooke, Canada. The company operates manufacturing centres in Canada and France, as well as sales and distribution offices in China, India, and South Korea.

  As a leader in the advanced materials industry, Tekna develops and produces high-purity metal powders for various applications such as 3D printing and microelectronics, as well as optimized induction plasma systems for industrial research and production. Building on 30 years of delivering excellence, Tekna is a global player recognized for its quality products and commitment to a multinational base of clients, who are leaders in their respective markets.

• TEKNA HOLDING AS: FINANCIAL RESULTS FOR SECOND QUARTER AND HALF-YEAR 2021 (Aug 20, 2021)

  19.8.2021 07:00:01 CEST | Tekna Holding AS | Half yearly financial reports and audit reports / limited reviews

  (Arendal, NORWAY / Sherbrooke QC, CANADA - 19 August 2021) Tekna Holding AS (Tekna, OSE:TEKNA), the world-leading provider of advanced materials to industry, reported a solid second quarter 2021, with revenues rising 95 percent to CAD 7.4 million (Q2 2020: 3.8 million), amid growth in recurring powders sales and a growing customer portfolio.

  The second quarter of 2021 was characterized by:

  • Increase in revenue to CAD 7.4 million, driving YTD revenues 88 percent above H1 2020 
  • Order intake of CAD 9.5 million, raising total backlog by 55 percent to CAD 14.2 million
  • Adjusted EBITDA of CAD -1.1 million, compared to CAD -0.2 million in Q2 2020
  • 103 percent growth year-on-year in powder revenues to CAD 5.0 million
  • 84% growth year-on-year in recurring Materials revenues to CAD 3.5 million
  • Two major contract awards announced with Airbus in Additive Manufacturing and LG Chem in Energy Storage

  "Tekna extended positive revenue growth momentum into the second quarter, posting a 95 percent increase year-on-year, while materials revenue more than doubled in the period," says Luc Dionne, Tekna Holding's chief executive officer. "I am proud to say that we have already secured 88 percent of the Company’s full-year revenue target. While we are exercising a reasonable level of prudence in our spending, Tekna’s focus remains on the top line, setting up the necessary infrastructure and resources to scale the Company and achieve its growth ambitions."

  Revenues for the second quarter reached CAD 7.4 million, an increase of CAD 3.6 million (Q2 2020). Both business segments - materials and systems - recorded substantial gains, over 100 percent and 75 percent respectively, compared to the second quarter 2020. This performance is attributable to the recovery of the markets following the COVID crisis, the growth in recurring powder sales and the growing customer portfolio. Adjusted EBITDA for second quarter stood at CAD -1.1 million compared to CAD -0.2 million in the same period last year, in line with what was forecast in the Q1 2021 report. In 2020, Tekna benefitted from a generous COVID support mechanism from the government, whilst at the same time cutting its costs in line with reduced activity levels.

  Tekna announced two major new contracts in the period: a multi-year joint development agreement with leading Korean chemical company LG Chem to develop new materials that will improve the storage capacity and the cycle stability of Lithium-Ion batteries, and a three-year agreement for 3D printing titanium powder with Airbus. Subsequent to the quarter, Tekna announced a 10-year supply agreement in Additive Manufacturing with a leading EU jet engine and Aerospace component OEM.

  In May, Tekna announced that it had accepted an invitation from the National Center for Advanced Materials Performance to participate in a major aerospace qualification program. Parts produced with Tekna's powder material qualified under this program will automatically pass the initial design phase and analysis by the FAA, U.S. Department of Defense (DoD), and the National Aeronautics and Space Administration (NASA).

  Tekna has launched a CAD 16 million investment program to scale up capacity in all three powder business segments to deliver on accelerating growth. In addition, the company has approved the commissioning of a new Additive Manufacturing powder atomizer in France, to meet growing demand generated from ImphyTek Powders, a Tekna and Aperam joint venture serving the aerospace, medical, and automotive industries. 

  “Looking ahead, all the market indicators we are monitoring are positive,” says Dionne. “The number of orders and the average order size of materials sold in the additive manufacturing segment are increasing, while new sales channels are opening-up in consumers electronics. The EV and 5G markets are booming, which is driving the demand for Tekna’s nano-size Silicon and Nickel powders. There could not be a more propitious time to be scaling up Tekna’s technology, which is one of very few that enables OEMs to differentiate themselves with superior products in their markets. “

  “The favourable market conditions that we have observed in the first six months are expected to continue throughout the year and Tekna’s ambition to grow 2020 materials revenues of CAD ~13 million to a run-rate of CAD ~22 million in 2021 is well within reach,” Dionne adds.

  Tekna will present its financial results for the second quarter and half-year 2021 on Thursday 19 August, 2021, at 12:00 CEST. The investor presentation will be live streamed and be hosted by Luc Dionne, CEO of Tekna Holding. The presentation will be held in English and questions can be submitted throughout the event. The streaming event is available through: https://www.tekna.com/investors/webcast-2021q2

  The full report and presentation are available at https://www.tekna.com/investors

  For additional information, please contact: Arina van Oost, Investor Relations 

• TEKNA signs 10-year AM metal powder agreement (Aug 20, 2021)

  14.7.2021 07:00:00 CEST | Tekna Holding AS | Non-regulatory press releases

  ARENDAL, NO / SHERBROOKE, QC – Tekna (OSE: TEKNA), the world-leading provider of advanced materials to industry, announces today that it has signed a master supply agreement for a duration of 10 years with an international leading company in the aviation, defense and space industry. This agreement will make Tekna the primary supplier of additive manufacturing powder for the tier-1 customer and its related supply chain for different materials such as aluminum and titanium alloys.

  Rémy Pontone, VP Sales & Marketing at Tekna, says: “This agreement confirms Tekna’s leadership position in the aerospace supply chain. It is the result of over 5 years of joint efforts that started with the drafting of the product specifications, commercial sample evaluations and multiple successful quality audits of Tekna manufacturing operations and quality management system that concluded with this agreement.”

  Additive manufacturing technology allows for the simplification of the supply chain, reduction of complexity and weight of parts. It uses a faster, cost competitive and sustainable production process.

  “Tekna’s broad product offering, and history of manufacturing excellence resonates in the mind of the decision makers at all levels in the additive manufacturing industry. It stretches beyond considerations of cost competitiveness and reaches out to value-added supply of strategic materials. This has become the trademark of our company and it is the culmination of a trust-building process between Tekna and our customers, “ says Luc Dionne, CEO.  

  Tekna produces high-quality powders dedicated to additive manufacturing, metal injection molding and hot isostatic pressing applications that feature high flowability, high density and high purity at controlled production costs. These properties are attained by applying the patented RF Plasma Technology that was developed and perfected by Tekna over the last 30 years.

  As the quality leader for metal powder, Tekna is committed to strengthening its position as the supplier of choice for additive manufacturing.

• TEKNA and AIRBUS sign multi-year supply agreement for 3D printing titanium powder (Aug 20, 2021)

  15.6.2021 13:12:43 CEST | Tekna Holding AS | Non-regulatory press releases

  The long-term supply agreement for high-quality titanium powder will make Tekna one of the primary suppliers of Additive Manufacturing powder to Airbus.

  ARENDAL, NO / SHERBROOKE, QC – Tekna (OSE: TEKNA), the world-leading provider of advanced materials to industry, has been selected by Airbus, a leading aircraft manufacturer, to provide high-quality titanium powder for Additive Manufacturing. This agreement positions Tekna as one of the key powder suppliers for Airbus - including its divisions Defense and Space and Helicopters - as well as its related supply chain for titanium alloys.

  Additive Manufacturing technology allows for the reduction of complexity and weight of parts. It uses a faster, cost-competitive and sustainable production process.

  Rémy Pontone, VP Sales & Marketing at Tekna, says: “The quality of our Ti64 product, and the processes we developed to ensure this consistent high quality, were contributing factors to Tekna winning the bid. We expect our titanium powder sales to ramp up over the coming years through this long-term agreement with both Airbus and its Enabled Suppliers.”

  Luc Dionne, Chief Executive Officer at Tekna Canada, adds: “We are very pleased to have been selected by Airbus, knowing the high standards of quality, reliability and supply chain solidity they expect from their suppliers. We are proud to add them to our long list of major aerospace customers and we look forward to a long-lasting relationship with Airbus.”

  On 3 May 2021, Tekna accepted an invitation from the National Center for Advanced Materials Performance to participate in a major aerospace qualification program. The generated data will be posted in The Metallic Materials Properties Development and Standardization Handbook, which is an accepted source for metallic material, recognized by the U.S. Federal Aviation Administration, the U.S. Department of Defense and the National Aeronautics and Space Administration. Parts produced with Tekna's powder material, qualified under this program, will automatically pass the initial design phase and analysis by those entities.

  Tekna produces high-quality powders dedicated to additive manufacturing, metal injection molding and hot isostatic pressing applications. The main features of such powders are high flowability, high density and high purity at controlled production costs. These properties are attained by applying the patented RF Plasma Technology, developed and perfected by Tekna over the last 30 years.

  As the quality leader for metal powder, Tekna is committed to strengthening its global position as the supplier of choice for Additive Manufacturing.