Development of Titomic’s new fully-automated manufacturing facility in Melbourne continues to progress on schedule. The nitrogen gas supply, a key element of the Titomic Kinetic Fusion process, was installed this week. As previously announced, the Company anticipates the manufacturing facility will be ready in Q1 CY2018, with production trials to commence in Q2 CY2018.
Strengthening of management team and board
Titomic has continued to strengthen its board and management team with the appointment of several well-respected experts in the Metals and Additive Manufacturing fields. Mr. Peter Teschner has joined Titomic as General Manager of Bike Division. With over 25 years’ experience, Peter is one of the most experienced bicycle designers in the industry and his bicycles are recognized globally for their innovative build and superior performance qualities.
Mr. Trent Mackenzie has been appointed General Manager of Business Development for Aerospace & Resources Division. With more than 40 years’ experience in metallurgy and business development in the aerospace, oil & gas, mining, chemical, power generation sectors, Trent is a leading metal industry expert. He is the former Managing Director at Allegheny Technologies International (NYSE: ATI), a global market leader in titanium and other high-performance metal alloys.
Mr. John E. Barnes has been appointed to Titomic’s Board to serve as a Non-Executive. John is a well-respected additive manufacturing leader and acknowledged as a global expert in metal powders, Titanium and 3D Printing. He has more than 25 years’ experience in global senior management roles for Honeywell (NYSE:HON), Lockheed Martin (NYSE: LMT), Arconic (NYSE: ARNC) as well being the former Program Director at CSIRO.
Titomic welcomes these highly experienced experts to the Company. The company expects their contributions to provide industry-leading expertise in their fields, as well as a wealth of technical knowledge which will benefit Titomic and its customers.
Titomic has been granted its Australian Patent for the application of cold-gas dynamic spraying of titanium or titanium alloy particles onto a scaffold to produce a load-bearing structure. This patent strengthens Titomic’s position in the Australian manufacturing market and supports its ability to provide manufacturing capabilities to key sovereign industries which could lead to the future export of Australian innovation. In addition, the European patent office has completed examining pending patent applications and the Company expects this patent to be granted in the near term.
Titomic will be part of the Team Defence Australia group to exhibit at the upcoming Singapore Airshow 2018 from 6-9 February 2018. The Singapore Airshow is Asia’s largest aerospace and defense event and is attended by international manufacturers. Titomic will be showcasing Titomic Kinetic Fusion’s applications in the Aerospace and Defence sectors for business development and follow up on existing opportunity discussions.
Commercial discussions are at various stages with a number of potential new customers for product and manufacturing licenses leading to Titomic system sales in consumer & sporting goods, aerospace, defense, mining, marine and manufacturing industries. Titomic looks forward to updating the market on these commercial opportunities at the appropriate time.