Titomic pursues diversified revenue streams

Cold spray metal additive manufacturing group Titomic is progressing its development away from selling machines towards a more diverse business model.

The company told investors that during the latest quarter it has integrated initiatives including its recent acquisition of Dycomet, now named Titomic Europe, the arrival of Repkon as a strategic investor and an agreement with manufacturer of complementary components Triton.

Managing director Herbert Koeck said the company had laid the foundation to becoming a joint venture partner in solutions using best in class technologies.

Koeck said: “The aggregate of these achievements provide the ability for us to commence scaling the business through diversified revenue streams that include machine sales for component manufacture, ongoing revenue from consumables and servicing, leasing of machine sales for component manufacture, and strategic investor partnerships and joint ventures for full-scale component manufacture through cold spray additive manufacturing processes.”

In the new structure Titomic Europe operates as a centre of excellence for coatings and repairs, with Titomic Australia the additive manufacturing centre of excellence.

The new direction for the company comes as founder Jeff Lang – who developed the core technology working with CSIRO – has moved on from an operating role in the company.

Formerly managing director then chief technology officer, in April Lang moved to become a non-executive director.

During the quarter the company saw its first sales in Australia sourced from Titomic Europe, indicating the new company’s multi-national sourcing and operational arrangements.

Discussions with Repkon on the formation of a joint venture are ‘near completion’ according to Koeck, while a second JV involving new machine design with Neos is also being discussed.

Repkon supplies automated production systems for manufacturing road wheels.

Picture: Titomic Kinetic Fusion (TKF) process

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