Titomic Ltd.
Loading...

Titomic ready to deliver the world’s first automated cold spray glass mould coatings system.

May 19, 2022

Titomic Secures New U.S. Orders Across Strategic Aerospace, Defense, Energy and Industrial Markets

HUNTSVILLE, AL – Titomic Limited (ASX: TTT) (“Titomic” or the “Company”), an advanced manufacturing company delivering high-performance products and sustainment services for aerospace, defense, energy, and industrial markets, is pleased to announce that it has received new purchase orders from major U.S. defense primes and energy companies over the past two weeks with a combined value exceeding A$750,000.

The U.S. orders have been received from major aerospace prime contractors and a leading company in the energy sector spanning several of Titomic’s highest-priority markets, including:

  • Military and commercial space;
  • Commercial and military aircraft; and
  • Oil & gas.

The significance of the orders extends beyond their initial value, further validating Titomic’s strategy to focus its proprietary cold spray and Titomic Kinetic Fusion™ capabilities on mission-critical applications in markets where speed, material performance, supply-chain resilience, and advanced manufacturing capability are increasingly important.

The new orders provide both near-term revenue and further evidence of customer progression from initial engagement and qualification toward repeat and potentially larger-scale opportunities.

Importantly, the orders further expand Titomic’s relationships and manufacturing credentials with major prime contractors and strategic customers in sectors in the U.S central to its long-term growth strategy.

Titomic Managing Director and CEO Jim Simpson said:

“These orders are important not because they represent more than A$750,000 in new business, but because of where they are coming from and what they signal for Titomic’s future. Over the past several years, we have deliberately focused the Company on markets where our technology can solve meaningful manufacturing and sustainment challenges — aerospace, defense, space and energy. Receiving four U.S. orders in a two-week period across those exact markets is a strong indication that this strategy is gaining momentum. We are increasingly moving from demonstrating what our technology can do to delivering solutions or major customers. While individual orders are important, the broader trend is what gives us confidence. Titomic’s sizeable and growing sales pipeline is increasingly converting into contracted work across the markets we have deliberately targeted.”

Building a Foundation for Repeat Orders and Expanded Production

Titomic’s commercial strategy is focused on securing initial customer applications that can establish technical and manufacturing credibility and create pathways toward qualification, repeat orders and larger production programs with significant recurring revenue.

The latest orders affirm this strategy across multiple end markets and demonstrate the increasing relevance and advantages of Titomic’s advanced manufacturing capabilities to both new production and sustainment requirements.

This announcement has been authorized for release by Titomic’s Board of Directors.

Titomic Limited (ASX: TTT) (Titomic or Company) is pleased to announce that it has
successfully completed Factory Acceptance Testing prior to shipment and installation of its first
commercially ordered turnkey glass mould coating system. Completion of the system’s delivery
is expected in the coming days.

KEY HIGHLIGHTS:
• Creation of the world’s first automated cold spray system for glass mould coatings,
• Titomic’s first commercial sale into the International Partners in Glass Research (IPGR) network,
• The IPGR represents numerous partner companies which comprise 12% of the glass packaging
market, which is valued at USD 51 billion per annum with a CAGR of 4.4%.
(Global Market Insights, 2021),
• AUD 1.7 million revenue expected over a three-year period for every comparable machine sold.

In a first for automated cold spray applications, Titomic Europe, in collaboration with IPGR – a
leading glass research organisation – has developed a system for the coating of glass moulds. The
system scans the moulds, and using AI software, produces a robotic program to automatically
coat and repair the mould. This is a breakthrough in automated cold spray and will significantly
enhance the performance of moulds for the glass industry. Subsequent generations of this system
will introduce automated loading, unloading, and polishing of moulds.
Factory Acceptance Testing is a significant milestone; it is the final step before shipment that
proves the machine is performing as designed and is accepted by the customer for delivery. The
system will now be shipped to Vetropack, Austria – a leading glass packaging manufacturer in
Europe – for installation.

Titomic expects the installation of this cold spray system to provide further opportunity for
systems sales within the global IPGR network. Each comparable machine sale will have potential
to generate a revenue of AUD 1.7 million over a three-year period.

This highly automated system enables:
• Increased lifespan of glass moulds,
• Reduced manual input and increased operator safety,
• Maximised uptime of glass bottle production plants,
• Elimination of dirty grease traditionally used to lubricate moulds.

Herbert Koeck, Managing Director of Titomic, commented:

“This entry into the glass packaging and components market represents a new income stream for Titomic. The industry needs this type of mould enhancement to prolong life of production lines and mould machinery. As such, we will be providing machine sales – the first of which we’re about to ship to Vetropack – as well as ongoing consumables and servicing enabled by our expanded global footprint.
Titomic Europe, together with its collaborators, have made a significant step forward in the development of automated systems, improving conditions for operators as well as adding to the bottom line of our customers.”

INVESTOR CONTACT

Geoff Hollis
Titomic
Chief Financial Officer
P: +61 438 168 008
E: [email protected]

MEDIA CONTACT

Dr. Patti Dare
Titomic
President, USA
P: +1 408 306 4975
E: [email protected]

Related News

2 + 8 =

Titomic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.