- Titomic’s first Australian made metal printed soldier-enabled UAV unlocks a key domestic and export defence capability
- Titomic’s manufacture of a ruggedised soldier-enabled Unmanned Aerial Vehicles (UAV) prototype in Titanium is shortlisted for Land Forces Innovation Award
- Technology to produce complex shaped UAVs by Titomic Kinetic Fusion in Australia is a sovereign industrial capability
- Potential global Tactical UAV market worth estimated $545 million
Melbourne, Australia, 4 Sep, 2018: Australian metal additive manufacturing company Titomic Limited (ASX:TTT) (“Titomic” or “Company”) manufacture of a ruggedised soldier-enabled UAV prototype in Titanium has been shortlisted for Innovation Awards at Land Forces, the international defence exposition in Adelaide this week. Titomic announces its first Defence agreement with TAUV Pty Ltd (Client) to produce a ruggedised soldier-enabled UAV by Titomic Kinetic Fusion. The award of this initial testing & prototype feasibility project validates Titomic Kinetic Fusion’s potential applications in one of its target industries.
Gilbert Michaca, CEO of Titomic remarked:
“Titomic’s first Defence UAV project validates Titomic’s advanced manufacturing capability to produce complex shaped products with improved performance characteristics as well as the advantage of sovereign industrial capability. This prototype of a Titanium soldier-enabled UAV manufactured in Australia is just the first step into a market with significant export potential.”
The next phase will involve tests conducted by Client in Adelaide. Generally, the testing to production phase in new Defence applications from the sales pipeline takes a minimum of eighteen months. This prototype has been accelerated with Client due to the synergies in the co-development of an innovative product. A ruggedised soldier-enabled UAV in Titanium improves stability and impact resistance, tamperproof payloads in the hands of enemies, external mounting for easy deployment and forward scouting of routes. The tactical UAV market is estimated to be worth $545 million in 2018 according to The Teal Group.
TAUV Pty Ltd is an Australian company specialising in the integration of electronics to develop intelligent platforms for advanced soldier systems, enhancing soldier safety and performance, enabling advanced tactical systems and ensuring operational advantage. TAUV applies advanced manufacturing processes to develop super lightweight airborne assets such as tactical UAV platforms for defence, law enforcement and civil industry.
For more information on TAUV, visit https://tauv.systems
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.