Titomic secures $1.2m sale of custom kinetic fusion system to US-based Triton Systems
Additive manufacturing company Titomic (ASX: TTT) has sold its custom kinetic fusion (TKF) system to Massachusetts-based business venture company Triton Systems for $1.2 million.
The deal represents Titomic’s first TKF sale within the US and is believed to be part of a larger strategic investment by Triton to develop innovative research, development and manufacturing applications.
TKF is expected to offer Triton significant capabilities, including rapid and cost-effective additive manufacturing of large-area and high-performance parts from materials such as aluminium, titanium, steels and nickel-based superalloys.
It will also facilitate the development of new applications using multiple metals applied layer-by-layer.
Triton will benefit from novel capabilities in applications such as armaments, barrels, electromagnetic shielding, armor, large-scale structures, propulsion systems, metal restoration and functional coatings.
Triton joins a cohort of defence players including the Royal Netherlands Army that utilise Titomic’s TKF system.
The system is expected to be delivered to Triton before year-end.
Stringent standards
Titomic managing director Herbert Koeck said the Triton deal underscored the effectiveness of the company’s technology in meeting stringent industry standards in demanding defence and commercial applications.
“This sale is a major validation of our commercial strategy and highlights the importance of our kinetic fusion technology in the US and global defence sectors,” he said.
“It sets the stage for further sales, showcasing proven implementation and innovation in defence and commercial manufacturing.”
He added the sale would promote the technology’s applications for use in ground, air, space and sea systems by the US Department of Defense (DoD), as well as commercial aerospace, industrial and power generation markets.
Lengthy partnership
The TKF sale to Triton builds on a partnership that started in 2020 and paved the way for Titomic’s additive manufacturing process to be validated through US DoD research projects.
Triton and Titomic signed a strategic agreement at the time that combined Triton’s experience and access to the defence sector with Titomic’s technology.
The agreement enabled the companies to develop “innovative products and solutions” under a DoD grant scheme, which included a research and development budget of $90 billion.