Titomic moves into mining maintenance with latest PO

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 first purchased a system from Titomic last month – would offer the coating machines in addition to its specialist sustainment services to mining customers. 

“Partnering with Brauntell, a company with deep and extensive expertise within the mining industry, is a solid first step into the mining sector and through the reseller channel,” said Titomic Managing Director Herbert Koeck in the statement. 

“With Brauntell, we’re able to leverage both their expertise and our novel technology to introduce competitive services to the  market. Our partnership with Brauntell will be lengthy and fruitful for both parties.”  

Titomic made the first sale of one of its D523 low-pressure cold spray systems in the Asia-Pacific (with four others to Australian transport sector customers) in Q4 of the last financial year. The first sale was to Singapore’s D&C Coating, a surface engineering repair provider with oil and gas customers.

The systems were originally developed by European company Dycomet, which Titomic acquired last year. They have allowed the Australian company to offer solutions based on low as well as high-pressure cold spray techniques.

According to Titomic, the D523 machines are a low-cost solution to apply coatings of many different kinds of metal powders to metals, glass and ceramics surfaces, as well as to many types of plastic, and allow it to address a corrosion remediation market worth an estimated $276 billion per year across various industrial sectors.

Picture: Titomic

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