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The ASX-listed additive manufacturing technology company has entered into a partnership aimed at bolstering its market footprint in the Middle East.
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Repkon Foreign Trade and Marketing — a sister company of Repkon Machine and Tool Industry and Trade — has agreed to become an official reseller of Titomic Limited systems across the defence and aerospace sector in Turkey, the United Arab Emirates (UAE), and Saudi Arabia.
Repkon is expected to leverage its existing market access and knowledge to sell Titomic’s manufacturing systems, consumables, and service contracts.
This builds on a comprehensive joint venture agreement between the companies in June 2022, set to involve the establishment of the world’s first hybrid cold spray manufacturing facility to supply barrels in the defence sector.
Herbert Koeck, chief executive officer of Titomic, said this latest agreement with Repkon is a “natural extension” of the partnership.
“It will provide diverse income streams and enable additional support for Titomic’s target customers in the region, and combined with Repkon’s expertise in metal manufacturing, will further strengthen Titomic’s reach and effectiveness within these growing regional markets,” Koeck said.
“This development of Titomic’s relationship with Repkon will accelerate Titomic’s commercial growth within the region and open the door to new opportunities in the aerospace and defence industries.”
Ibrahim Kulekci, CEO of Repkon, welcomed the opportunity to facilitate access to Titomic’s offering throughout the Middle East.
“We’re excited that Repkon is now able to further and more quickly introduce this novel technology to the Middle Eastern market,” Kulekci said.
“With the developed partnership between Repkon and Titomic, we’re now effectively placed to grow within this lucrative region, and we continue to expand our commercial networks and seek opportunities for Repkon’s and Titomic’s technology.”
This latest collaboration agreement comes just months after Titomic 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.
