Metal additive manufacturing company, Titomic (ASX: TTT) has expanded its global distribution network for its unique metals and materials technology and manufacturing business.
The company signed a memorandum of understanding with Osaka Titanium Technologies (OTC) and Marubeni Corporation to be its distributor in Japan and South Korea.
The agreement also givers Titomic access to a supply of aerospace grade gas-atomised titanium metal powders.
The company is commercialising its Titomic Kinetic Fusion (TKF) technology for industrial scale metals additive manufacturing, especially using titanium.
As reported in @AuManufacturing, Titomic recently won exclusive rights to exploit two CSIRO patents.
The latest agreement will allow Titomic to leverage off Marubeni’s global customer network in heavy industries.
Titomic and OTC have also agreed to develop new titanium powder manufacturing technologies for TKF systems.
Titomic managing director, Jeff Lang said the two partnerships aligned with the company’s development strategies in aerospace and defence.
“This partnership will enable the development of new titanium powder technologies which, when combined with Titomic’s TKF automated production systems, drives new revenue opportunities through high volume production of titanium parts for automotive and heavy industries,” Lang said.
Marubeni general manager, Yusuke Yamamoto said: “We believe the demand for TKF system and powder supply has significant potential in the future.”
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