• Titomic to additively manufacture satellite structures using high-performance metals with TKF
• Lockheed Martin to validate RMIT & Titomic’s Satellite Parts created with TKF
• TKF’s rapid build rates will reduce lead-times from months to hours
• Global ‘small satellite’ market expected to reach USD $18.3B by 2026, at a CAGR of 20.28%
Titomic to deliver additively manufactured satellite parts in a joint research agreement with Lockheed Martin and RMIT University
Melbourne, Australia, October 5th 2020: Melbourne-based industrial additive manufacturing company, Titomic Limited, has entered into a commercial research and development agreement with RMIT University (“RMIT”) to be conducted on behalf of Lockheed Martin – a major aerospace and defence company.
The study will assess the capabilities of Titomic Kinetic Fusion® (TKF) to create structural satellite parts made from a high-performance metal. Titomic’s participation in this joint research project will analyse the various capabilities of both traditional and additive manufacturing methods relative to radiation shielding within satellites.
Under this research agreement, Titomic will manufacture high-performance, metal demonstration samples for satellite parts using its industrial-scale additive manufacturing process, Titomic Kinetic Fusion®. This research project may also lead to commercial opportunities for Titomic within the space and defence sectors following the successful validation of the additively manufactured demonstration satellite parts.
The small satellite components (cubes) market for commercial and government applications in the main areas of telecommunications, broadcasting, and data communications, with the market size anticipated to grow from USD $4.18B in 2018 to USD $18.30B by 2026, at a CAGR of 20.28%1.
Titomic’s Managing Director Jeff Lang stated:
“Titomic is excited to be involved in this RMIT joint research initiative alongside the global defence and aerospace prime, Lockheed Martin, which will provide significant mutual benefit for all involved. As we demonstrate the unique capabilities of Titomic Kinetic Fusion® for the additive manufacture of satellite structures, using high-performance metals and superalloys, we are also enabling exponentially faster production to reduce lead-times for the space industry, from months to hours, compared to traditional processes.”
RMIT University, Professor Milan Brandt, stated:
“RMIT Centre for Additive Manufacturing is excited to be working with long term partner Lockheed Martin and Titomic to advance the state of the art in advanced manufacturing methods for protection of satellites from space radiation. The combination of additive manufacturing and highly-dense materials for this application offers new opportunities for not only increased radiation resistance but significantly reduced lead times for the manufacture of new satellites.”
1 Fortune Business Insights – Aerospace and Defence/Small Satellite Market
2 Australia’s Critical Minerals Strategy 2019
Forward looking statements
Certain statements made in this release are forward-looking statements and are based on Titomic’s current expectations, estimates and projections. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,”estimates,” “guidance” and similar expressions are intended to identify forward-looking statements. Although Titomic believes the forward-looking statements are based on reasonable assumptions, they are subject to certain risks and uncertainties, some of which are beyond Titomic’s control, including those risks or uncertainties inherent in the process of both developing and commercialising technology. As a result, actual results could materially differ from those expressed or forecasted in the forward-looking statements. The forward-looking statements made in this release relate only to events as of the date on which the statements are made. Titomic will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this release except as required by law or by any appropriate regulatory authority.