Australian metals and manufacturing firm Titomic (ASX: TTT) is joining forces with Osaka Titanium Technologies Co (OTC) and Marubeni Corporation to distribute its unique metal 3D printing technology in Japan and South Korea.
The technology developer today announced the signing of a memorandum of understanding with the two Japanese companies, which will enable Titomic to leverage off Marubeni’s extensive global customer network to distribute its Titomic Kinetic Fusion (TKF) systems in the Asian markets.
The deal also secures the supply of aerospace-grade, gas-atomised titanium powder from OTC to be used in the TKF systems.
TKF is a metal 3D printing technology that uses both spherical and irregular morphology metal powders to manufacture industrial-scale metal products.
“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,” Titomic managing director Jeff Lang said.
Marubeni general manager Yusuke Yamamoto said his company has been supplying titanium raw materials to OTC for decades and believes the demand for TKF systems and powder supply has “significant potential in the future”.
“We are excited to be collaborating with such an innovative global leader of industrial scale, high volume additive manufacturing as Titomic and are keen to create new commercial opportunities for titanium powder which can currently only be realised using the TKF process,” OTC managing executive officer Yoshihisa Ohashi said.
This latest partnership follows Titomic’s MoU signed in December with Chinese manufacturer Shaanxi Lasting Titanium Industry Co Ltd to exclusively supply low-cost commercially pure titanium powders for the TKF systems.
International quality certification
Earlier this week, Titomic announced it has attained ISO9001:2015 Quality Management System certification, which is an internationally recognised quality benchmark.
The certification recognises that the company has ensured process repeatability, quality control and continuous improvement to deliver a consistent performance of products and services to customers.
According to Titomic, the certification will unlock many benefits for the company including being a gateway to high-value industries, as many large multinational organisations in aerospace, defence, automotive, construction and government sectors require partners and suppliers attain this accreditation.
“One of the most attractive features of achieving our ISO9001 accreditation is that it not only legitimises digital metal additive manufacturing as a viable solution for industry but is also another validation of Titomic’s processes and systems that ensure Titomic is at the forefront of delivering real commercially viable digital manufacturing solutions for industry,” Mr Lang said.
By mid-afternoon, Titomic’s share price had risen more than 4% to $2.07.