US-based Triton Systems will implement Titomic’s (ASX: TTT) kinetic fusion (TKF) technology under a new deal that paves the way for Titomic’s additive manufacturing process to be validated through US Department of Defense research and development projects.
Triton and Titomic have signed a strategic agreement which combines Triton’s experience and access to the US’s DoD sector with Titomic’s technology.
The agreement will enable the companies to develop “innovative products and solutions” under the DoD grant scheme, which includes an R&D budget of US$60 billion in 2020.
It is expected the collaboration will combine Titomic’s technology with the “engineered properties” of dissimilar metal combinations.
As part of the collaboration, a technology transfer program will be developed to “upskill” each company’s technical teams with metal manufacturing capabilities using the TKF process.
Both companies will explore opportunities for the acquisition of one of more TKF systems with Triton’s facilities in the US for further research and OEM production.
While this is happening, Titomic will provide sample and prototyping fabrication services for existing Triton developments.
The collaboration also appoints Triton as the preferred partner for distributing Titomic’s TKF systems and metal powder consumables throughout the US.
Additionally, Triton will explore opportunities to secure US Government and private investor investment to fund TKF system acquisitions for US service bureau roll-outs.
“The signing of this agreement with Triton, a successful US technology venture company, represents a strong revenue pathway for Titomic to explore commercial opportunities within the US$60 billion per annum R&D budget of the US Department of Defense utilising the unique capabilities of Titomic’s TKF process,” Titomic managing director Jeff Lang said.
Meanwhile, Triton chief operating officer David Model said the company was “excited” to bring Titomic’s “cutting edge” cold spray technology to its DoD customer base.
“The defence community has been looking for the capability to quickly and flexibly manufacture large-scale parts using additive technology.”
“We believe the TKF solution will allow Triton and Titomic to closely work DoD end users and prime partner to facilitate the qualification and adoption of critical additively manufactured parts for military platforms,” Mr Model added.