NEW YORK – April 20, 2015 – Seabury Capital (“Seabury”), a leading global advisory and professional services firm is pleased to announce that Christopher E. Kubasik, Seabury Capital’s President & Chief Operating Officer and Seabury Advisory Group’s President & Chief Executive Officer, has been named Non-Executive Vice Chairman of the Board of Directors of Norsk Titanium AS (NTi).
NTi is commercializing its proprietary 3D-printing technology for the manufacturing of titanium components for Aerospace & Defense. The company expects to establish its first industrial scale manufacturing facility in the United States.
“We are very encouraged that Chris has accepted a more active leadership role in NTi as Vice Chairman of the Board. Chris’ network and in-depth knowledge of the Aerospace & Defense industries has already proven to be of great value to NTi”, said NTi’s Chairman of the Board John Andersen.
“I look forward to bringing a revolutionary Aerospace & Defense technology to North America, which will create a global leadership in 3D-printing based on cost competitive titanium components at the very highest quality levels”, said Christopher E. Kubasik.
Mr. Kubasik leads Seabury Advisory Group (SAG) with its major advisory assignments for Aerospace & Defense clients, providing strategic guidance, operational expertise, and financial insights including the assessment of M&A opportunities. SAG is organized into four broad categories of business activities anchored in Aviation, Aerospace & Defense, Logistics and IT software decision tools. He previously was President & Chief Operating Officer of Lockheed Martin Corporation. He joined NTi’s Board of Directors in June 2013.
ABOUT SEABURY GROUP
Seabury Capital LLC is a global firm founded in 1995 with two principal groups, Seabury Advisory Group LLC (“SAG”) and Seabury Capital LLC (“SeaCap”). SAG is a global advisory practice with professionals on five continents and more than 15 countries covering Aviation, Aerospace & Defense, Financial Services, Government, Insurance, Logistics, Maritime, Transportation and related industries. SAG has partnered with more than 300 clients located in more than 50 countries on more than 1,100 engagements to solve complex challenges requiring consulting, investment banking, restructuring and/or information technology solutions.
SeaCap owns and operates a number of specialty finance companies providing innovative cross-border financing for equipment and trade receivables as well as insurance-backed auto service and financial obligations. SeaCap recently launched a merchant banking to take minority equity positions in, and to provide debt financing to, middle market companies. SeaCap also owns software companies providing enterprise solutions to airlines, aerospace companies and institutional market-makers in foreign exchange and other financial markets. www.seaburygroup.com
About Norsk Titanium AS
The proprietary 3D-printing technology developed by NTi transforms titanium wire into complex components. The NTi technology will reduce 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. The commercial aerospace industry is the largest and most demanding segment for titanium components. NTi expects to complete formal qualifications within this year, and thereby confirming the utilization of its technology for the manufacturing of structural titanium aerospace and defense components. www.norsktitanium.no