Titomic signs MoU with Lasting Titanium the leading titanium HDH metal powder producer in China
- MoU to secure exclusive supply of new price point Titanium Powders for Titomic Kinetic Fusion™ (TKF).
- New commercial opportunities opened for titanium products across multiple industry sectors.
- Creates viability for TKF systems to compete with traditional manufacturing.
Melbourne, Australia 19th December, 2018: Australian metal additive manufacturing (3D printing) company Titomic Limited (ASX: TTT) (“Titomic” or “Company”) today announced it has entered into a Memorandum of Understanding (“MoU”) with Shaanxi Lasting Titanium Industry Co. Ltd (” Lasting Titanium”), the largest manufacturer and exporter of titanium powder in China.
The MoU commences with immediate effect. The MoU enables Titomic to work with Lasting Titanium to secure the supply of low-cost Commercially Pure Titanium powders produced by Lasting Titanium’s technologies. The partnership will also enable the cooperative development of new titanium powders for Titomic Kinetic Fusion™.
Lasting Titanium’s irregular powder provides Titomic’s customers with a price point alternatives to go with Titomic’s other range of mid-end and aerospace grade titanium powders. Lasting Titanium’s irregular powder morphology is suitable for industrial scale additive manufacturing via TKF systems. Other additive manufacturing processes cannot utilise this price point irregular powder.
Titomic Kinetic Fusion is a unique metal 3d printing AM technology with its versatility to utilise both spherical and irregular morphology metal powders for the manufacture of industrial scale metal products. This diversity presents Titomic with more opportunities in industries such as building, marine automotive and oil & gas where application of titanium was previously economically unviable. Titomic customers are well-positioned to add value to existing traditional manufacturing or to develop next-generation products with Titomic’s metal powder range.
Titomic Managing Director, Mr. Jeff Lang commented:
“This MoU will provide exclusive supply of large volumes of price point titanium powder for Titomic’s TKF systems that will create new commercial opportunities for titanium in traditional industries in a more efficient and sustainable way for industrial scale manufacturing”
About Shaanxi Lasting Titanium Industry Co. Ltd (Lasting Titanium)
Lasting Titanium, based in Xi’An, China, is the largest manufacturer and global exporter of Titanium and Titanium alloy products in China. Lasting Titanium has been supplying to the Automotive, Aerospace, Defence, Medical and 3D Printing industries for 20 years. The company is also involved in research into rare metal production, smelting, forging, rolling, finishing, physical and chemical analyses and non-destructive testing. Lasting Titanium has achieved international standards of ISO, AMS, ASTM, MIL across aerospace, navigation, military, medical and chemical industries. For more information, visit : www.lastingtitanium.com
Forward looking statements
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