Cold spray additive manufacturing company Titomic says it has successfully upped its equity raise from $25 million to $30 million “due to strong investor demand” as its focus continues to shift to the US market. As reported earlier this week, Titomic shares went into a trading halt on Monday as the company sought to raise…
Titomic seeking to raise $20 million: report Metal additive manufacturing business Titomic announced a trading halt on Monday morning, with this reportedly due to a $20 million capital raise. According to The Australian Financial Review, Titomic has enlisted lead broker Shaw and Partners — with Peloton Capital and Gleneagle Securities as co-lead managers — for…
Cold spray additive manufacturing business Titomic has announced that current CEO Herbert Koeck will leave at the end of 2024, with defence and aerospace executive Jim Simpson to begin as CEO on January 1. Coming just after the company was put in a trading halt – reportedly seeking to raise $20 million from investors –…
Metal additive manufacturing machinery manufacturer Titomic has been invited to join DNV ProGRAM to help standardise cold spray applications in the oil and gas sector The initiative from the DNV certification group focuses on developing and standardising additive manufacturing technologies for the oil and gas sector. The collaboration will target the use of cold spray…
Cold spray additive manufacturing business Titomic has announced a new augmented reality software option for its low-pressure machines, which it will showcase at a military expo next week. In a statement on Wednesday, the company said the AR enhancement will work with its portable D523 spray units, and use Microsoft HoloLens technology “to display real-time…
3D printer manufacturer Titomic has sold its first machine to an Australian business for domestic use – a Titomic D623 cold spray system (pictured). The company announced it has made the sale, valued at $174,000, to United Industrial Solutions, a specialist in coatings and corrosion mitigation for the resource sector. United Industrial Solutions will leverage…
Seatransport to design ships with closed cell foam Gold Coast based Ship design group Seatransport has secured the approval and exclusive licence for a Class approved closed cell foam for commercial vessels. After six years co-operation with Strathclyde University and a European foam manufacturer overcoming toxicity and flammability issues with marine closed cell foam, Lloyd…
Cold spray 3D printer manufacturer Titomic has announced the sale of a TKF 1000 cold spray system to its Repkon Titomic Production Technologies and Trade Co. Inc joint venture for $2.3 million. Repkon Titomic will operate the hybrid cold spray manufacturing facility in Turkey, which will integrate Titomic’s TKF technology with Repkon’s flow-forming techniques to…
Cold spray additive manufacturing company Titomic has announced the appointment of Dr Patricia Dare to lead its defence and aerospace efforts in the United States. In a statement on Tuesday, the company cited the new hire as part of its emphasis on expanding into the defence sector, particularly within the US, and said Dare’s experience…
Cold spray additive manufacturing business Titomic has announced the sale of a custom-built high-pressure system to the Oregon Manufacturing Innovation Center (also known as OMIC R&D) for $US 790,000 (approximately $1.2 million.) According to a statement to the ASX from Titomic on Monday, the Portland, Oregon, commercial research and development service provider will gain ability…