Titomic to supply $2.4 million machine for use in world-first tooling factory

Cold spray additive manufacturing business Titomic will make invar 36 faceplates and other metal products at a new factory in the UK through a joint venture with Neos International.

In a statement to the ASX on Wednesday, Titomic cited a market for invar tooling worth $US 500 million annually and its current go-to-market strategy, “with joint ventures remaining one of Titomic’s key commercial focuses” for commercialisation.

Invar is an iron-nickel alloy which expands and contracts little as temperature changes, making it popular in applications such as satellite bus manufacture and tooling for composites.

Titomic Managing Director Herbert Koeck described the JV as the “culmination of years of research and development, dedication, and focussed commercial execution. Since late 2020, we’ve worked diligently alongside Nèos to develop best-in-class technology – technology that will redefine the possibilities for tooling manufacture and cold spray.”

Customers are being targeted in aerospace, space, defence, automotive, and nuclear industries in the UK and European markets.

The new factory at Halesowen, England was described as a world-first for large-scale additive manufacture of invar 36 faceplate and metal product solutions. Titomic will supply a custom version of its TKF 2200 machine for an estimated $2.4 million.

TKF is Titomic’s cold spray additive manufacturing method fusing metal particles by firing them at supersonic speed onto a substrate to build up a shape.

Titomic announced its JV with Neos (formerly known as Hockley Pattern & Tool) in April last year.

Picture: Titomic

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