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Titomic Secures $1.2m Sale to Leading U.S. Innovation Centre, OMIC R&D

1 July, 2024

Titomic Limited (ASX: TTT) (“Titomic” or “Company”), the world’s leading provider of cold spray solutions, is pleased to announce the sale of a custom high-pressure cold spray system (the System) to the Oregon Manufacturing Innovation Center (OMIC R&D) for USD 790,000 (AUD 1.2m).

Located in Portland, Oregon, OMIC R&D provides commercial research and development services to companies including Sandvik Coromant, Boeing, and Daimler. OMIC R&D’s expertise spans advanced metals manufacturing technologies, with particular strengths in additive manufacturing and advanced alloy development. The acquired System is poised to enhance and complement these areas further.

With this order, OMIC R&D acquires the unique capabilities of high-pressure cold spray technology, enabling the additive manufacture of multi-metal parts, large-scale titanium parts, and the manufacture of multi-metal coatings. These applications have proven to be highly effective in overcoming longstanding manufacturing challenges and provide highly desirable outcomes across a wide range of industries, including defence and aerospace.

This purchase enables Titomic to expand the reach of R&D initiatives by providing access to Titomic’s world-leading cold spray technology to U.S.-based industry through OMIC R&D. This will lead to industry’s enlightenment on the vast benefits of cold spray application, further presenting opportunities for Titomic’s sales conversion and growth.

Titomic’s Managing Director, Mr. Herbert Koeck, commented,

“At Titomic, we’re excited about the progress being made with key players in the U.S. aerospace and defence sectors, including OMIC, a leading commercial R&D company advising major US aerospace and defence primes. After years of diligent work and testing, Titomic is now developing scalable commercial opportunities and establishing key relationships in an industry experiencing significant global investment from both government and private sectors. Our journey has just begun.”

OMIC’s Business Development Manager, Mr. Joshua Koch, commented,

“OMIC R&D aims to be the first center in the United States dedicated to supporting industry adoption of additive manufacturing in an environmentally sustainable manner. By bringing all major forms of industrial additive manufacturing equipment under one roof, OMIC R&D can address the technological needs, aspirations and hesitations manufacturers face today. Titomic, a leader in cold spray technology, brings invaluable systems and support to this endeavour. We look forward to collaborating with Titomic to develop applied solutions that enable companies to make data-driven decisions about additive manufacturing.”

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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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