Australian metals and materials manufacturing company Titomic Limited recently announced a Memorandum of Understanding with Japanese companies Osaka Titanium technologies Co. Ltd. (OTC) and Marubeni Corporation, to distribute Titomic Kinetic Fusion (TKF) systems in Japan and South Korea and supply aerospace-grade gas-atomized titanium metal powders globally.
Titomic has tested OTC’s aerospace-grade titanium powder as being suitable for use in TKF systems.
The MoU with OTC and Marubeni has several strategic advantages to further improve Titomic’s positioning and progress:
- TKF Systems Distribution: Titomic to leverage off Marubeni’s extensive global customer network into energy, metals, power generation, shipping, heavy industries and automotive markets to distribute TKF systems for revenue opportunities.
- Metal Powder Supply: Titomic secures supply of aerospace-grade gas atomized spherical powder from well-established market leading Titanium producer, OTC
- Creating New Market Applications: Titomic and OTC to develop new Titanium powder manufacturing technologies for TKF systems to enable new commercial opportunities through the supply large volumes of Titanium powder for automotive and heavy industries
Together, these elements will provide Titomic with an expanded global network for TKF system distribution, a secured supply chain for metal powders for high value applications, and ongoing access to cutting-edge material science and next generation titanium alloy powders for TKF systems.
“Titomic’s partnering with OTC and Marubeni secures supply of the highest-quality aerospace-grade Titanium powder, from a reputable global corporation, aligning with Titomic’s development strategies in Aerospace and Defence,” said Titomic Managing Director, Jeff Lang. “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.”
Osaka Titanium technologies Managing Executive Officer, Mr. Yoshihisa Ohashi added: “OTC is proud to announce our partnering with Titomic for supplying Titanium powder for the TKF system. We appreciate that Titomic identifies OTC as being such a high-quality producer of titanium powder with a long-history of being a global leading producer in high quality titanium sponge. 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 realized using the TKF process.”
“Marubeni has been supplying titanium raw materials to OTC for decades,” concluded Marubeni General Manager, Mr. Yusuke Yamamoto. “We’re very happy to have this opportunity to support OTC and Titomic in a new field of titanium powder. We believe the demand for TKF system and powder supply has significant potential in the future. We also believe we will have a great success through combining Titomic’s leading-edge technology, OTC’s high-quality titanium powder and our network in the world.”