The very definition of an industry leader, and serving as a forerunner within industrial-scale additive manufacturing in Australia, Melbourne-headquartered Titomic has just signed an AUD $25.5M contract for two TKF Additive Manufacturing systems to be delivered to global defense supplier, Composite Technology, after two years of comprehensive research, development, prototyping, and QA measures to ensure capability.
This deal cements Titomic’s presence further in the international AM realm and as a benchmark Australian manufacturing SME, as they continue to supply metal 3D printing systems that are meant for serial production.
In a recent press release sent to 3DPrint.com, the company states that they expect this to be their country’s largest defense contract in metal additive manufacturing to date as they provide two Titomic Kinetic Fusion systems—also continuing to promote the $200 billion investment on the Australian government’s part for developing ‘a resilient sovereign industrial capability.’
This deal is expected to open the door to other lucrative projects also—in defense and other industries.
“The TKF Manufacturing Systems to be delivered to Composite Technology mark a ‘coming of age’ for the metal 3D printing industry, achieving a phenomenal build rate of 75 kilograms of metal per hour,” states the press release.
“The capability of most standard metal 3D printers tops out at a rate of 1 kilogram per hour. Because of this leap in capability, Titomic Kinetic Fusion® is changing the landscape of metal additive manufacturing, enabling industrial-scale serial production in direct competition with traditional manufacturing while unlocking unique material manufacturing capabilities, including the fusion of dissimilar metals and economical use of exotic metals, such as titanium.”
The TKF system will also allow industrial users around the world to experience the benefits of 3D printing, from greater productivity in metal printing to affordability, and more. Relying on the patented Titomic Kinetic Fusion® process, the metal systems use supersonic speed supplied by automated robotics.
“Composite Technology is pleased to partner with Titomic to introduce Titomic Kinetic Fusion systems into its current manufacturing process,” said the Director of Composite Technology.
“This partnership will enable more effective, efficient and sustainable manufacturing solutions and will increase capacity in the area of defense-related product and component development that will provide significant revenue opportunities for both parties.”
Compared to conventional methods for creating parts, this new, environmentally conscious technology offers the following:
- Reduction of material waste up to 90 percent
- Reduction of greenhouse emissions by 60 percent
- Rapid manufacturing of high-performance parts
“I’m exceptionally excited to announce this first major revenue deal with Composite Technology, less than two years after commissioning our TKF Melbourne Bureau; a major achievement,” said Managing Director of Titomic, Mr. Jeff Lang. “This year, 2020, will be a major year for Titomic’s commercial development, with a focus on sales revenue and to continue along our strategic trajectory to become a major player in global metal manufacturing.”
Titomic has just raised AUD $19 million from investment partners too, along with an additional $AUD 1 million through a share purchase plan for existing holders. These funds will be used for expansion and further development in applications like aerospace and defense. And while this latest activity marks even greater success for Titomic, they already have numerous projects and partnerships behind them such as 3D printing the largest UAV, acquiring impressive new patents, and working with other industry giants like GE Additive.
What do you think of this news? Let us know your thoughts; join the discussion of this and other 3D printing topics at 3DPrintBoard.com.[Source / Images: Titomic]
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