'Best Maritime Innovation Award’ Win Confirms New Revenue Market

'Best Maritime Innovation Award’ Win Confirms New Revenue Market

Key Highlights:

  • Previously unexplored maritime revenue segment opens for Titomic
  • Award confirms Titomic’s advanced manufacturing application for maritime industry
  • Titomic wins ‘Best Maritime Innovation’ award at Pacific 2017 International Maritime Exposition

Melbourne, Australia, 9 October, 2017: Australian metal additive manufacturing company Titomic Limited (ASX:TTT) marked a milestone at Pacific 2017 International Maritime Exposition in Sydney last week, winning the ‘Best Maritime Innovation’ award.

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.”

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.

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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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