Turkish machine builder makes $2.5 million strategic investment in Titomic

Turkey-based metal forming machine specialist Repkon Makina ve Kalip has become a strategic investor in Titomic, acquiring a $2.5 million stake in the Australian large-scale additive manufacturing business. Repkon would be issued 9,615,384 ordinary fully shares at 26 cents a share, according to a statement to the ASX by Titomic on Tuesday. The two companies…

Titomic to establish hypersonic space vehicle manufacturing

Large scale metal additive manufacturer Titomic will create a hypersonic space vehicle component manufacturing capability following the award of a $2.3 million federal government Modern Manufacturing Initiative grant. In a $4.65 million project the company will utilise its Titomic Kinetic Fusion additive manufacturing system to manufacture and commercialise low carbon emission ‘green’ titanium space vehicle…

Titomic continues 3D part production, reveals issues with a major sale

Additive manufacturing technology group Titomic has notched up a number of significant milestones at its Melbourne production bureau with global companies across high technology industry, however has reported issues with a previously announced sale. In a market update Titomic said it had recently completed defence, aerospace and armoured vehicle projects for a range of customers.…

Titomic buys Silicon Valley company, establishes US subsidiary

Additive manufacturing technology company Titomic is to buy a Silicon Valley-based advanced manufacturing group and form a new subsidiary Titomic USA to access the North American market. The company told investors today it had agreed to buy Tri-D Dynamics Inc, a manufacturing technology company focusing on smart pipeline manufacture. The US business was established by…

Titomic completes major leadership overhaul with new CEO

Additive manufacturing technology developer Titomic has named industrial veteran Norbert Schulze as interim chief executive officer and begun a search for a permanent CEO. He succeeds Titomic’s founder Jeff Lang, who assumes the role of executive director and chief technology officer as well as board director. Schulze owns a consulting company advising global defence companies…