Titomic to join forces with Stärke in strategic manufacturing partnership
Manufacturing and coatings specialist Titomic (ASX: TTT) has agreed to form a strategic partnership with Adelaide-based Stärke Advanced Manufacturing.
Stärke specialises in assisting companies achieve production of complex, high-performance, robust and reliable components.
It is currently providing advanced manufacturing services to multiple companies including DSTG, Babcock, Kongsberg, Thales, Boeing, Bosch and ASC.
Advanced manufacturing technology
Titomic managing director Herbert Koeck said the partnership with Stärke will aim to leverage the advanced manufacturing technology of the two companies while also taking advantage of Stärke’s deep industry connections.
“We are thrilled about our partnership with Stärke, a global leader in advanced manufacturing and a partner which shares our commitment to manufacturing innovation,” Mr Koeck said.
“This collaboration is set to accelerate Titomic’s growth, thanks to Stärke’s deep industry expertise and network. This venture promotes knowledge exchange between Titomic and Stärke, allowing us to blend our strengths and explore new applications.”
“By combining Titomic’s advanced manufacturing tech with Stärke’s advanced manufacturing and renowned tooling and moulding solutions, we will deliver innovation to clients in sectors like defence, aerospace and automotive, offering a range of competitive manufacturing capabilities.”
“This partnership positions us to meet the ever-evolving needs of our clients efficiently and effectively, staying at the forefront of innovation in the manufacturing industry.”
He said the partnership will also look to provide solutions to clients in high-performance sectors such as defence, aerospace and automotive.
Mining and US sales breakthrough
The announcement of the new collaboration comes less than a week after Titomic reported it had recorded its inaugural sales to the mining industry and into the US.
The company is celebrating the sale of two D523 low-pressure cold spray systems – one in Kalgoorlie, Western Australia and the second in Texas – with a combined value of $198,829.
Mr Koeck said the sales represented a significant milestone for Titomic and marked a pivotal moment in the company’s expansion into new markets.
“The successful sale of our D523 systems in WA and Texas marks a significant stride in our strategic plan to enhance our footprint in essential industries.”
“As we move forward, we are excited to continue championing the growth and efficiency of industries, particularly in mining, through our innovative and transformative manufacturing technologies.”
WA sale crucial
Mr Koeck said the Western Australian sale is a crucial development, considering the robust and growing mining sector in the State.
He noted that the sale of the D523 system underscores its adaptability and mobility for the demands of the mining servicing industry, a sector known for its stringent requirements for durability and efficiency.
He said the Texas sale marked the first sale by Anywise America since it joined forces with Titomic as a reseller.
The successful Texas transaction was achieved following an on-site demonstration which highlighted the D523 system’s unique no-heat repair capability and rapid restoration feature for metal parts.
Mr Koeck said D523’s ability to repair and restore metal components without high-temperature treatments not only preserves the integrity of critical mining equipment but also significantly prolongs their lifespan.
“This feature is invaluable in the mining sector, where equipment downtime can have substantial financial implications.”