Cold spray additive manufacturing company Titomic has announced that it has raised $5.1 million through a share placement, including $2.2 million from its existing strategic investor and joint venture partner Repkon. Titomic Directors Herbert Koeck and Dag Stromme were also significant investors in the round, it said. Managing Director Koeck told investors on Monday that…
Cold spray additive manufacturing company Titomic shares were in a trading halt on Tuesday morning, with the ASX publishing a statement at 9:10 am saying the pause will last until either the beginning of Thursday or an announcement is made. The Australian Financial Review’s Street Talk column reports that Titomic has enlisted PAC Partners to raise…
Metal additive manufacturing company Titomic has developed a new 3D printer, the Titomic D623 medium-pressure cold spray 3D printer, at the same time announcing two sales of the new product. The company has received purchase orders worth $270,000 from German and Spanish companies for the systems which complement its existing D523 printers. The D623 is…
Cold spray additive manufacturing company Titomic has been awarded a grant of 260,000 Euro (about $400,000) through the European Union’s Horizon Europe initiative, for R&D applying artificial intelligence and machine learning to their processes. In a statement on Monday, the ASX-listed and Melbourne-headquartered company said outcomes from the “CoBRAIN” grant would help improve its processes…
Cold spray additive manufacturing business Titomic has released its full-year results, emphasising its progress in diversifying revenues over the year and reporting a net loss after tax of $17.1 million. The company told investors that revenues from customer sales were up seven times on the previous financial year to $3.4 million, as it added offerings…
Cold spray additive manufacturing company Titomic has announced a $395,000 sale to engineering company Brauntell, which it says establishes a new presence in the mining sector. Titomic said in a statement to the ASX on Monday morning that it expects the D523 cold spray systems to be resold by Brauntell to customers. Brauntell – which…
Cold spray additive manufacturing business Titomic has heralded what it says is a collection of world firsts in an operational update on the fourth quarter of the financial year, which it says represents a pivotal period in its commercial ramp-up.
Cold spray additive manufacturing business Titomic has announced the completed installation of one of their machines at the TWI research institute near Cambridge, England, where it will play “a key role” in the Aerospace Technology Institute (ATI) program. The machine, a TKF1000 additive manufacturing system, would be used to create industrial-scale parts and complex surface…
Additive manufacturing technology company Titomic and production line builder Repkon Machine and Tool Industry and Trade Inc. have signed a formal joint venture to establish a gun barrel manufacturing facility. However disappointingly, the facility will not be built in Australia as originally announced. When first revealed in @AuManufacturing a year ago, the hybrid additive manufacturing,…
Metal additive manufacturing technology manufacturer Titomic will create radiation shielding for South Australian company Fleet Space Technologies’ first Alpha satellites in 2023 – expected to be the world’s first fully 3D printed satellites. Titomic will use its Titomic Kinetic Fusion (TKF) technology to mitigate ionizing radiation to prolong the satellite’s lifespan through a cold spray…
