Titomic signs collaborative agreement with multi-national bicycle company

Key Highlights:

  • Collaboration agreement signed with well known North American bicycle company
  • Agreement establishes a strategic alliance for Titomic to contribute to the development of a high performance Titanium bicycle concept
  • Initial 6-month term to design a new concept to evaluate the Titomic technology

Melbourne, Australia, 21 December, 2017: Australian metal additive manufacturing company, Titomic Limited (ASX: TTT) (“Titomic” or “the Company”) is pleased to announce it has entered into a collaborative agreement (“Agreement”) with a world leading bicycle brand to contribute to the
development of a high performance Titanium bicycle concept. The Agreement starts with immediate effect.

The Agreement establishes a strategic alliance with the intention to incorporate Titomic Kinetic Fusion additive manufacturing into a global bicycle brand that will provide the bicycle company with a state of the art product.

This first phase of the Agreement will utilise Titomic’s advanced manufacturing process to design a new concept that will achieve the bike company’s target performance characteristics.

Once the first phase is complete, Titomic will begin the fabrication phase, which will be conducted at Titomic’s Melbourne manufacturing facility.

The Agreement has an initial 6-month term until the parties enter into a further Manufacturing Agreement and/or Manufacturing Licence.

Commenting on the agreement Jeff Lang, CEO of Titomic said:


“We are very pleased to announce our collaborative agreement with one of the world’s most renowned bicycle companies. This is a very positive step to have a leading brand enabling validation of the Titomic Kinetic Fusion technology for our next stage of commercialisation.”

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Contacts:

Peter Vaughan

Company Secretary & CFO
+61 (0)3 9824 5254
invesors@titomic.com

 

Mich Mak

Media Officer
+61 (0) 422 610 308
mich.m@titomic.com

 

About Titomic:

Titomic (ASX:TTT) is headquartered in Melbourne, Australia. The company overcomes limitations of previous additive manufacturing (3D printing) for metals to manufacture complex parts without shape or size constraints. Titomic offers design and manufacturing methods to enable speed-to-market, superior products at lower production costs and using less resources for a more sustainable future.

Titomic additive manufacturing machines that can customise build size to customer requirements offer additive manufacturing advantages at industrial scale. Multiple robots can be utilised to build larger parts, competing with traditional manufacturing solutions for industries such as aerospace and defence, sporting goods, medical, automotive, industrial equipment, construction and marine.

Other benefits of the Titomic Kinetic Fusion technology include:

  • Joining dissimilar metals and composites for engineered properties in a structure
  • Stronger structures without welding, folding or bending
  • Reduced time to market; no tooling, industry-leading production speeds

Clients will be offered a licence to manufacture via the Titomic Kinetic Fusion technology. Titomic’s revenue model will also provide clients with R&D prototyping services, Titomic equipment sales, powder and consumables supply, equipment service and maintenance. For more information visit: www.titomic.com

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