Additive manufacturing disruptor Titomic Pty Ltd (ASX: TTT) has continued to hit winning runs after recently successfully listed on the Australian Securities Exchange after raising $6.5 million.
Titomic goes from Lab to Listing in under three years Titomic is an Australian additive manufacturing specialist established to help companies leverage advanced materials and a new proprietary Kinetic Fusion process to produce stronger and faster products at scale.
Co-developed with CSIRO, the Titomic process overcomes the limitations of previous additive manufacturing (3D printing) for metals to manufacture complex parts without shape and size constraints. Based on the well-known ‘Cold Spray technologies’ the US Military use on Blackhawk helicopters’ maintenance and repair, benefits include:
- World’s fastest build rates, at 45 Kg/ hr is significantly faster than commercial metal 3D printers available
- Leverage superior materials with the fusion of dissimilar metals and blended alloys
- Production volumes with less tooling
- Stronger structures without welding, folding or bending
- Reduced time to market; faster manufacturing time + localised production
- Lower production costs
Titomic CEO Jeff Lang said the company was delighted in successfully listing on the ASX at $0.20 and closing on the opening day at $0.45, 125% above our opening share price.
Since its listing in late September the company has continued to report new successes.
It was recently granted a US patent for the application of cold-gas dynamic spraying of titanium or titanium alloy particles onto a scaffold to produce a load-bearing structure, better known as Titomic Kinetic Fusion.
Entitled ‘A process for producing a titanium load-bearing structure’, this patent provides Titomic with the foundation to expand the reach of Titomic Kinetic Fusion process into one of the largest manufacturing economies in the world, the US.
“This US application has been pending since March 2013, so to date we’ve only slowly progressed any discussions with potential major US customers until our intellectual property was protected,” Mr Lang said.
“We’re excited that this patent has now been granted in the US, enabling us to advance our initial discussions with potential US customers in what is one of the largest additive manufacturing markets in the world.”
Titomic has already secured patents for this technology in Japan and New Zealand, with patent pending approval in Australia, China, Europe, Hong Kong and South Korea.
More recently Titomic Limited took out the ‘Best Maritime Innovation’ award at the Pacific 2017 International Maritime Exposition in Sydney.
Mr Lang said receipt of the maritime industry’s acknowledgement of Titomic’s Kinetic Fusion potential applications at Pacific 2017 adds yet another new industry for Titomic to target for revenue generation.
Titomic CEO and CTO Mr. Jeff Lang commented:
“We are all delighted to have won ‘Best Maritime Innovation’ award at Pacific 2017. It’s exciting to see the high level of interest in Titomic’s Kinetic Fusion technology from multiple industries.
This increases our potential revenue target markets for Titomic to expand into as we seek to deliver the maximum value for our investors,” Mr Lang said.
Titomic’s Kinetic Fusion process has many advantages over traditional forms of manufacturing, including Titomic’s faster production speed, shape and size capabilities.
These advantages appear to be unilateral across a number of load-bearing titanium alloy industries with Titomic also attracting interest from the aerospace industry, which is the largest beneficiary of titanium components.”
Pacific 2017 International Maritime Exposition was part of a three-day conference in Sydney, which included a two-day innovation showcase organised by the Defence Science Institute, Industry Defence and Security Australia Limited and Defence SA. Pacific 2017 is the only comprehensive international exhibition of its kind in the Indo-Asia-Pacific region, showcasing commercial maritime and naval defence industries to decision-makers from around the world.
