Amsterdam, 1 July 2014 --- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") announces that AMG Titanium Alloys and Coatings ("AMG TAC") has been selected by SNECMA to provide titanium aluminides ("TiAl") for production of the CFM International LEAP engine.

TiAl combines the heat resistance aspects of nickel alloys with the lightweight characteristics of titanium. AMG's TiAl materials will be used to produce low-pressure turbine blades for the LEAP engine, which will be used in single aisle aircraft. These TiAl blades, resistant to very high temperatures (750° C), will replace nickel-based superalloys, reducing the mass and weight of the blades and creating a more efficient engine. This lightweight material will significantly contribute to the improved performance of this new engine, which will reduce fuel consumption by 15% compared to the best engine in its class.

AMG is currently supplying TiAl, and mass production is expected to begin in 2016. AMG TAC will invest in three new AMG Engineering ALD Vacuum Technologies furnaces in order to meet the contracted demand. The combined value of current and future supply exceeds $50 million.

AMG Titanium Alloys and Coatings is a world-leader in the production of advanced materials for the aerospace industry. AMG TAC is largest qualified provider of TiAl feedstock for all major commercial turbine engine manufacturers.