$1.2m Sale to Leading U.S. Innovation Centre, OMIC R&D
Released
Released
Announcement PDF
July 1, 2024
ASX Announcement
GENERAL
BUSINESS
ADDITIVE
MANUFACTURING
Armaments
Ballistic Protection
Structures
Tooling
Embedded Sensors
COATING
& REPAIR
Metal Restoration
Wear Resistance
Corrosion Protection
Conductive Coating
Inductive Coating
Radiation Shielding
Titomic Secures $1.2m Sale to Leading U.S.
Innovation Centre, OMIC R&D
Titomic Limited (ASX: TTT) (“Titomic” or “Company”), the world’s leading provider of cold spray
solutions, is pleased to announce the sale of a custom high-pressure cold spray system (the System)
to the Oregon Manufacturing Innovation Center (OMIC R&D) for USD 790,000 (AUD 1.2m).
Located in Portland, Oregon, OMIC R&D provides commercial research and development services to
companies including Sandvik Coromant, Boeing, and Daimler. OMIC R&D’s expertise spans advanced
metals manufacturing technologies, with particular strengths in additive manufacturing and advanced
alloy development. The acquired System is poised to enhance and complement these areas further.
With this order, OMIC R&D acquires the unique capabilities of high-pressure cold spray technology,
enabling the additive manufacture of multi-metal parts, large-scale titanium parts, and the manufacture
of multi-metal coatings. These applications have proven to be highly effective in overcoming
longstanding manufacturing challenges and provide highly desirable outcomes across a wide range of
industries, including defence and aerospace.
This purchase enables Titomic to expand the reach of R&D initiatives by providing access to Titomic’s
world-leading cold spray technology to U.S.-based industry through OMIC R&D. This will lead to
industry’s enlightenment on the vast benefits of cold spray application, further presenting opportunities
for Titomic’s sales conversion and growth.
Titomic’s Managing Director, Mr. Herbert Koeck, commented,
“At Titomic, we’re excited about the progress being made with key players in the U.S. aerospace and
defence sectors, including OMIC, a leading commercial R&D company advising major US aerospace
and defence primes. After years of diligent work and testing, Titomic is now developing scalable
commercial opportunities and establishing key relationships in an industry experiencing significant
global investment from both government and private sectors. Our journey has just begun.”
OMIC’s Business Development Manager, Mr. Joshua Koch, commented,
“OMIC R&D aims to be the first center in the United States dedicated to supporting industry adoption
of additive manufacturing in an economically sustainable manner. By bringing all major forms of
industrial additive manufacturing equipment under one roof, OMIC R&D can address the technology
integration challenges and hesitations manufacturers face today. Titomic, a leader in cold spray
technology, brings invaluable systems and support to this endeavour. We look forward to collaborating
with Titomic to develop applied solutions that enable companies to make data-driven decisions about
additive manufacturing.”
This announcement has been authorised for release by the Board of Titomic Limited.
- - - - - END - - - - -
Titomic Limited Ground floor, 365 Ferntree Gully Road
Mount Waverley, Victoria 3149, Australia
info@titomic.com | titomic.com
ABN 77 602 793 644
Page 1
INVESTOR CONTACT
Chris Healy
Company Secretary & Legal Counsel - Titomic
P: +61 429 988 083
E: chris.healy@titomic.com
GENERAL
BUSINESS
ADDITIVE
MANUFACTURING
MEDIA ENQUIRIES
Ben Andrews
Marketing Manager - Titomic
P: +61 438 759 620
E: ben.andrews@titomic.com
Armaments
REIGN ADVISORY PTY LTD
P: +61 2 9174 5388
E: TTT@reignadvisory.com
Ballistic Protection
Structures
Tooling
Embedded Sensors
COATING
& REPAIR
Metal Restoration
Wear Resistance
Corrosion Protection
Conductive Coating
Inductive Coating
Radiation Shielding
ABOUT OMIC R&D
OMIC R&D is a collaborative innovation center with a mission to help manufacturers grow, advance,
and prosper. We conduct applied research to enhance the ability of industry to manufacture products
better, faster, greener, and less expensively. We assist industry in developing new ways to make use of
existing technology and pave the way for industry to use new and emerging technologies.
By convening those who teach and train existing and future manufacturing employees, we seek to
inspire a new generation of learners, enable them to garner competence in industry critical skills and
hone and renew the skills of those already engaged in manufacturing so they can engage in new
opportunities for themselves and their employers.
As a trusted and knowledgeable third party, we engage decision makers and policy developers by giving
thoughtful and knowledgeable voice to industry’s business, manufacturing and workforce development
needs and opportunities.
ABOUT TITOMIC LIMITED
Titomic Limited (ASX: TTT) is an Australian public company specialising in large integrated solutions
for industrial-scale metal additive manufacturing, using its patented cold spray additive manufacturing
(Cold Spray AM) technology. Titomic provides Cold Spray AM solutions, OEM production, and R&D
services to the global Aerospace, Defence, Shipbuilding, Oil & Gas, Mining and Automotive industries.
Titomic also offers global sales and support for all of its Cold Spray AM activities from its Melbourne
Head Office, as well as through local presence in the USA and Europe. Titomic delivers competitive
advantages in metal additive manufacturing at every stage in the product value chain. For more
information, please visit www.titomic.com.
FORWARD LOOKING STATEMENTS
Certain statements made in this release are forward-looking statements and are based on Titomic’s
current expectations, estimates and projections. Words such as “anticipates”, “expects,” “intends,”
“plans,” “believes,” “seeks,” “estimates,” “guidance” and similar expressions are intended to identify
forward-looking statements. Although Titomic believes the forward-looking statements are based on
reasonable assumptions, they are subject to certain risks and uncertainties, some of which are beyond
Titomic’s control, including those risks or uncertainties inherent in the process of both developing and
commercialising technology. As a result, actual results could materially differ from those expressed or
forecasted in the forward-looking statements. The forward-looking statements made in this release
relate only to events as of the date on which the statements are made. Titomic will not undertake
any obligation to release publicly any revisions or updates to these forward-looking statements to
reflect events, circumstances or unanticipated events occurring after the date of this release except as
required by law or by any appropriate regulatory authority.
Titomic Limited Ground floor, 365 Ferntree Gully Road
Mount Waverley, Victoria 3149, Australia
info@titomic.com | titomic.com
ABN 77 602 793 644
Page 2
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