Australian industrial scale metal additive manufacturing company, Titomic Limited (ASX:TTT) has entered into a strategic partnership with the US-based Triton Systems Inc. to implement Titomic’s Kinetic Fusion (TKFTM) capabilities.
The two companies have signed a strategic agreement which leverages Triton’s extensive access to DoD and sector expertise with Titomic’s TKF technology to develop innovative products and solutions under the DoD grant scheme including an estimated R&D budget in 2020 of US$60 billion in 2020 for adoption in project platforms.
Titomic Managing Director, Jeff Lang, said a primary goal of the partnership is for the companies to jointly apply the unique capabilities of Titomic’s TKF industrial scale metal additive manufacturing systems to the next generation of materials for the US DoD.
He said These materials will combine the flexibility of the additive manufacturing process with the “engineered properties” of dissimilar metal combinations, delivered at a high rate of material deposition
Established in 1992, Triton Systems has become one of the most successful US research and product development companies, introducing many products used by the defence and health care sectors, and creating US$3.8 billion in shareholder value via four public offerings on NASDAQ and the ASX and 23 technology merger and acquisition deals.
Triton specialises in bringing specific products to a validation stage where DoD approval leads to product manufacturing. In this case, the focus will be to enable products manufactured with Titomic’s TKF technology to meet stringent military requirements, including performance in temperature extremes, robustness, and durability under very demanding operating environments.
Mr Lang said Triton’s strategic partnership with Titomic will fill an important performance gap for US DoD industrial-scale additive manufacturing and fusion of dissimilar metals.
Current metal 3D printing production processes and materials have not been able to satisfy the requirements of DoD for certain mission critical applications.
“The signing of this Agreement with Triton Systems, a successful US technology venture company, represents a strong revenue pathway for Titomic to explore commercial opportunities within the US$60 billion per annum R&D budget of the US Department of Defence utilising the unique capabilities of Titomic’s TKF process,” Mr Lang said.
