Bulletin

Dear Stakeholders,

As we enter the last quarter of 2024, Nurol Teknoloji is finishing another year of important projects in personnel and vehicle protection systems. Throughout the year, we have strengthened our leadership in the industry and continued to offer innovative solutions to our partners. We have delivered essential ballistic protective products to our country and friendly nations on time, and we will keep doing so.

In this quarter, our R&D and production teams have focused on developing high-performance armor systems, expanding our product range. We have created solutions that improve ballistic protection using lightweight, proprietary materials. To enhance customer satisfaction, we continuously refine our designs based on user feedback.

Our achievements this year have not only been about ballistic armor innovations. We have also aimed to give back to society through social responsibility projects that build our team spirit. We support young talents through training programs and internships.
As we embrace sustainability, we are making our production processes more environmentally friendly. This not only boosts our competitiveness but also benefits society.

Additionally, we participated in international exhibitions and events to keep up with industry innovations and promote our proven products. These activities help us create new business opportunities and expand our global network.

In this issue, I wish you enjoyable reading, and I thank you for your support and trust in us.

Best regards,

Selim BAYBAŞ  CEO – Board Member

Safety and Health Awareness at Nurol Teknoloji

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In the past year, we have organized basic training sessions, on-the-job briefings, and professional training to enhance the occupational health and safety (OHS) culture within our organization. During this process, we have focused on behavior-based safety activities to increase employees' safety awareness and turn OHS into a way of life.

One of the highlighted activities was the "OHS Puzzle Activity," which promotes collaboration and teamwork among employees. In this activity, our employees searched for pieces of a wooden puzzle themed "Safety is a Team Effort," hidden both in the field and office areas. This event reinforced the idea that workplace safety can be achieved through teamwork and strengthened interaction among our employees. Additionally, digital solutions were implemented, introducing digital safety forms for press operators, allowing for effective safety checks at the beginning of each shift.

To further reinforce safety awareness, improvements were made in work processes based on suggestions from employees through projects like "OHS Ambassadors." These enhancements not only considered quality but also ensured that employees could work in a safe and sustainable environment. For critical production tools such as vacuum ovens, sensor-based locking systems were developed to minimize the risk of workplace accidents. All these efforts aim to ensure that the OHS culture goes beyond mere rules, becoming a consciousness and behavior that all employees can apply in their daily work.

As a result, through our OHS activities and projects, safety awareness has strengthened within our organization, leading to the establishment of a sustainable safety culture with the contributions of our employees.

Best Regards.

Ayşegül GÖLCÜK / OHS and Environmental Chief

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Nurol Teknoloji and IKH Togetherness Continues Its Growth In The Sector

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The IKH team, composed of highly qualified materials engineers and specialized production engineers and management, has proudly developed, produced, and provided customer-specific solutions in innovative ceramic powders that meet various sector criteria since 1995. For IKH, "high quality" in all stages of production is crucial for superior standard powder manufacturing. With this awareness and value consciousness, IKH has been certified by DQS (German Management System Certification Institution) according to DIN ISO 9001:2015.

IKH is strategically positioned to meet customized demands and specifications flexibly and quickly, with its two modern production facilities for fine and ultra-fine oxide and carbide ceramic powders, providing high-capacity special powders using its specially designed formulations to offer the best solutions for customer needs.

In line with Nurol Teknoloji's strategic growth plan, since the acquisition of IKH, the company has been advancing with strong steps globally. By 2024, IKH continues to strengthen its presence in the global market, maintaining its leadership with its restructured organization and market strategy.

With the addition of advanced technical ceramic products to its portfolio, IKH has quickly established awareness, trust, and reliability in the competitive European market, positioning its new brand “IKH Ceramics” as a solution partner. This reflects its ability to foresee the needs arising from changing conditions and provide support, trust, and value. The trust-focused approach also enables IKH to build long-term collaborations with its customers.

The high-value advanced ceramic products offered under the “IKH Ceramics” brand are well received by users and continue to achieve top ratings in all challenging qualification processes. The vertical integration process strengthened by powder production has further solidified the unique position of the IKH Ceramics brand across all industry segments. This model enhances speed and capacity advantages, effectively addressing customers' specific demands and high-quality standards.

Nurol Teknoloji's global expansion, carried out through our companies IKH USA and IKH, also provides significant opportunities for integrating with the global operations of Europe-based companies. The know-how possessed by IKH and the custom recipes it has developed for Thermal and Metal Spray powders, Technical Ceramic Powders, and Technical Ceramic products, along with its market experiences, help strengthen its strategies for other global markets.

IKH will continue to pursue its goal of making a long-term impact in the global market with the "IKH Ceramics" brand. The strategic approach during market entry, effective practices, and successful outcomes are among the greatest indicators of Nurol Teknoloji's commitment to and determination in achieving its global growth objectives.

Best Regards.

Dilem Koçak / IKH - Head of Business Development & Sales

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Digital Transformation Continues at Full Speed ​​at Nurol Teknoloji

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In 2023, the JARVIS dissemination project launched at the Gölbaşı Excellence Center has largely completed the integration of the dust line into the system. Meanwhile, the dissemination efforts for the Composite Excellence Center, which started at the beginning of the year, are continuing at full speed. As a result, all production and quality data has been consolidated under the JARVIS umbrella, allowing for a data-driven company structure that enables faster decision-making.

Additionally, JARVIS is continuing to work on predictive maintenance scenarios that can detect equipment anomalies. This transition is changing routine maintenance activities into predictive maintenance models, leading to a fundamental shift in maintenance processes. With its real-time monitoring capability, JARVIS has also taken on a significant role in process quality control, effectively becoming a new "employee" that sees the unseen and hears the unheard, alerting teams in a timely manner. Currently, it monitors approximately 30 pieces of equipment in real-time and can detect anomalies.

To automate quality control processes, a quality cabinet supported by computer vision algorithms has been developed. This allows quality control procedures to be carried out much faster and more smoothly. The use of NFC and RFID technologies is being evaluated to ensure effective product traceability.

At the same time, work continues on new digital technologies. The feasibility of the "Armor Integrity" project, which aims to equip composite panels with sensor-based smart structures capable of detecting threats, has been completed and will be launched soon. This will introduce a unique technology to Nurol Technology that has no equal in the industry.

We will continue our journey towards becoming a data-driven company, taking full advantage of all technological advancements, with all our speed through 2025.

Best regards.

Sinem AKYOL / Digital Technologies Director

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