Titomic Ltd (ASX:TTT) has executed an MOU with Japanese companies Osaka Titanium Technologies Co Ltd (OTC) (TYO:5726) and Marubeni Corp (TYO:8002) to distribute Titomic Kinetic Fusion (TFK) systems in Japan and South Korea.
The MOU also involves the supply of aerospace-grade gas-atomised titanium metal powders from OTC globally.
Titomic managing director Jeff Land said: “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.”
These elements combine to give Titomic:
An expanded global network for TKF system distribution and production run demand;
Secured supply chain for metal powders required for high-value applications; and
Ongoing access to cutting-edge material science and next-generation titanium allow powders for TKF systems.