Titomic Limited (ASX: TTT) (Titomic or Company) is pleased to announce Titomic Australia’s first sale of its Titomic D523 System (“System”) into Asia Pacific. The System has been sold to D&C Coating in Singapore – a surface engineering and repair specialist servicing the oil & gas industry.
The highly versatile and portable system can be used to rapidly deposit metals to restore damaged and corroded parts, rapidly apply material coatings, and simplify preventative and general maintenance.
In addition to Titomic’s high-pressure cold spray technology – Titomic Kinetic Fusion (“TKF”) – the D523 low-pressure System extends Titomic’s product line, adding versatility and expanding
Titomic’s offering within the repairs and coatings market. Globally, the cost to remediate the effects of corrosion costs $276 billion annually, spanning oil & gas, mining, infrastructure & transportation, and defence. As such, the repairs and coatings markets remain a strong focus for Titomic’s commercial expansion.
The system’s capabilities include:
• On-site repair and restoration of anti-corrosion coatings and parts, and on-site repair of damage to hydraulic cylinders (often without having to dismantle them),
• Application of anti-corrosive coatings on components used in the production of offshore installations and other corrosive environments.
Herbert Koeck, Managing Director of Titomic, commented:
“The Titomic Australia team has rapidly adopted this new technology and is finding numerous applications and opportunities within Australia and the greater APAC region. This well-established System – and the decades-long experience of our Titomic Europe team – we’re enabled to respond rapidly to market needs in APAC and beyond. The key takeaway is that our technology improves uptime of expensive and critical infrastructure and machinery. It’s no longer necessary to hold expensive components in stock or suffer from failing equipment, as our versatile and holistic technology offering allows rapid on-site field repair for abroad and varied range of industries.”
