Titomic Limited (ASX: TTT) has developed a new product; the Titomic D623 medium-pressure cold spray System – and has received two purchase orders for these Systems, totaling ~A$270,000.
The new D623 further extends Titomic’s product line, enhancing Titomic’s commercial offering and providing further product options to key prospective customers to meet their varying needs. With this addition, Titomic now offers a leading range of cold spray systems, helping the company to be cemented as a category leader.
The D623 is capable of depositing harder metals compared to the D523, enhancing the System’s key capabilities such as wear-resistant coatings and restoration of high-wear parts, among other additional product innovations.
The first sale was made to Neue Materialien Bayreuth GmbH in Germany – a world-leading material science and innovation company with extensive experience in additive and traditional manufacturing methods. This D623 has been built and delivered to Neue Materialien, with Titomic having recognised this revenue. Neue Materialien will use the D623 to restore metal coatings and parts for their client base, and further for research and development.
A second D623 System has been sold to Universidad Rey Juan Carlos in Madrid, Spain, and will be delivered in the near future. The System will be used to add capabilities to their current additive manufacturing range, and will also be used extensively for research and development.
It’s exciting to have received two commercial orders from two innovative and leading organisations. These sales further demonstrate the growing trust and demand for our technology that’s building in key markets, such as Europe,” Managing Director, Herbert Koeck, said.
“The development of this System adds strength to our product portfolio, and further cements the Company as a leading cold spray and advanced manufacturing provider. Titomic now has a significantly varied cold spray offering, enabling us to add value to a broad range of industries and manufacturers.”