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Titomic Enters Joint Venture with Neos International

8 June, 2022
  • Establishment of the world’s first additive manufacturing facility to supply Invar components.
  • The agreement will result in the sale of a Titomic Kinetic Fusion (TKF) System by Titomic,
  • Expectation that further JVs will eventuate in the defence sectors, in line with the Company’s

Titomic Limited (ASX: TTT) (“Titomic” or “Company”) the global Cold Spray Additive Manufacturing technology company with primary application in Aerospace and Defence, has signed a Joint Venture agreement with Nèos International (”Nèos”), previously Hockley Pattern – to create
an advanced joint-manufacturing facility in Halesowen, England.

The Joint Venture will see Nèos and Titomic establish the world’s first large scale additive manufacturing facility to manufacture and sell Invar36 faceplates and additively manufactured metal product solutions for customers in the United Kingdom and Europe for the aerospace, space, defence, automotive, and nuclear industries.

To establish the facility, Titomic will sell the Nèos Titomic Joint Venture a Titomic Kinetic Fusion (TKF) 2200 – a bespoke and purpose-engineered Titomic Kinetic Fusion System – at an estimated sale price of AUD2.4 million, pending final specification. The TKF 2200 will use supersonic cold gas dynamic spray of metal powders to create industrial-scale metal components. The facility will leverage TKF’s advanced manufacturing and Nèos’ tooling technologies to provide a world-leading tooling manufacturing capability. In addition to Nèos’ capabilities and its decades
of expertise, Titomic has proven that its TKF technology enables manufacturing benefits for Invar
tooling; an industry worth USD500 million per annum1.

Invar tooling-specific Titomic Kinetic Fusion benefits include:
• Additive manufacture, rather than subtractive manufacture of tooling from billet, reducing
material waste by 80 per cent,
• Repair of existing tools, significantly mitigating maintenance and replacement costs,
• Reduced porosity compared to tooling manufactured by casting, increasing product lifespan,
• Improved lead times.

This Joint Venture further solidifies Titomic’s technology as commercially competitive and demonstrates the strength and success of our go-to-market strategy, with joint ventures remaining one of Titomic’s key commercial focuses for accelerating growth within key markets, including
defence and aerospace.

1. Stratview Research. (2021). Invar Tooling Market Size, Share, Trend, Forecast, Competitive Analysis,
and Growth Opportunity: 2021-2026.

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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.

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