John Andersen
Good morning, everybody. My identify 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 attributable to a again harm, however he’ll be capable to take part within the Q&A session.
So only a fast reminder of our place within the additive manufacturing area. Norsk Titanium has a proprietary know-how validated by the OEMs with giant put in capability. That is our place to begin. We’ve got a big worth proposition, and we do have manufacturing capability put in and able to serve our prospects. We function in what we’d describe as a big market. As of at the moment, we estimate the addressable market to be at USD 7 billion. Now you may 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.
Initially, we see rising construct fee in our core markets, in the beginning, aerospace, protection, after which however, we proceed to increase on our capabilities, so we can serve a rising proportion of the market as we proceed to increase on these capabilities, each partially measurement and into new metals. And eventually, we’ve a longtime buyer base. We’ve got body agreements with the main OEMs. And