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The ASX-listed company has entered into a joint venture to establish an advanced manufacturing centre.
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Additive manufacturing company Titomic Limited has signed a joint venture agreement with Nèos International to develop a large-scale additive manufacturing site in Halesowen, England.
The facility is expected to support the manufacture and distribution of Invar36 faceplates and additively manufactured metal product solutions for UK and Europe-based customers across the defence, aerospace, automotive and nuclear industries.
To support the establishment of the new site, Titomic has committed to selling a Titomic Kinetic Fusion (TKF) 2200, valued at an estimated AU$2.4 million, to the joint venture.
The TKF 2200 is designed to use supersonic cold gas dynamic spray of metal powders to create industrial-scale metal components.
According to Herbert Koeck, chief executive officer of Titomic, welcomed the new joint venture, noting it would help support the company’s growth ambitions.
“The Nèos-Titomic joint venture will provide world-leading Invar tooling manufacturing capability through additive manufacturing,” Koeck said.
“It is the culmination of years of research and development, dedication, and focused commercial execution. Since late 2020, we’ve worked diligently alongside Nèos to develop best-in-class technology – technology that will redefine the possibilities for tooling manufacture and cold spray.
“This is one of many partnerships we look to scale, as we establish ourselves as the only global supplier of low, medium and high-pressure cold spray systems, opening up new opportunities across the aerospace, space, defence, automotive, and nuclear industries.”
Carl Roberts, CEO of Nèos International, said the partnership would further expand the company’s presence in the specialist engineering market.
“We continue to invest in new companies and advanced technologies ensuring that we provide our customers with the best solutions and that we offer our people in the group the best opportunities,” Roberts said.
